Morning Brew Daily Biden Wants to Bump Up Corporate Taxes & The US Could Actually Ban TikTok
Mar 8, 2024
The hosts dive into President Biden's ambitious plans for corporate tax hikes, spotlighting the stark contrast with Trump’s policies. They discuss the looming possibility of banning TikTok in the U.S., fueled by bipartisan support. In a surprising twist, Netflix is eyeing the live sports market while also gearing up for a boxing match featuring Jake Paul and Mike Tyson. Meanwhile, Applebee's and IHOP are teaming up for a dynamic dining experience. Plus, a sneak peek at the upcoming Oscars and the buzz surrounding this year's nominees!
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2024 Election Tax Implications
- The 2024 election significantly impacts taxes, as Trump's 2017 cuts expire in 2025.
- Biden proposes raising taxes for corporations and billionaires, while Trump would likely extend the cuts.
TikTok Ban Legislation
- A House committee unanimously approved legislation to ban TikTok if ByteDance doesn't divest within six months.
- This move, supported by both parties, reflects escalating US-China tensions.
Netflix's Sports Entertainment Gamble
- Netflix will stream a boxing match between Jake Paul and Mike Tyson, marking its move into sports entertainment.
- Unlike other streamers investing heavily in live sports, Netflix takes a cautious approach.