Biden Corporate Tax Hikes Will Send Jobs Overseas

President Joe Biden accompanied by Vice President Kamala Harris and Treasury Secretary Janet Yellen (not pictured) attends a meeting with business leaders at the Oval Office of the White House in Washington on Feb. 9, 2021. Carlos Barria/Reuters

Commentary

President Joe Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure that corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic.