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Currently the tax rate is 21% for corporations. President Biden wants to raise this to a progressive rate that will top out at 39%. Assuming
Currently the tax rate is 21% for corporations. President Biden wants to raise this to a progressive rate that will top out at 39%. Assuming all corporations will pay a higher percentage in 2022, does that make debt more or less valuable as a funding source in capital structure. Explain your reasoning.
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