Biden’s Corporate Tax Hike is Bad for Growth — Try a Carbon Tax Instead

Alex Brill | The Hill

President Biden’s tax-and-spend infrastructure plan will reduce the competitiveness of U.S. corporations, burden working-class Americans, and discourage the type of private investment in America that fuels economic growth.

Under Biden’s proposal, the corporate tax rate would rise to 28 percent, ending the competitive advantage that U.S. businesses gained as a result of Republicans’ 2017 Tax Cuts and Jobs Act (TCJA).

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