Biden’s proposed increases to U.S. corporate tax rates will continue to make the United States uncompetitive internationally.
Rather than support American jobs and our economy, President Biden’s infrastructure plan would cripple our economy and substantially harm our ability to compete internationally.
While a certain amount of taxation is necessary, we shouldn’t kid ourselves about its true nature. It’s a form of coerced taking.
The U.S. corporate income tax system is awful and needs to be reformed, but it does not subsidize foreign imports or justify a border-adjusted tax.
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