– The Wall Street JournalThe middle class will pay for the largest tax increase since 1968.
– The Washington Post
Voting rights advocates, who pushed for corporate responses before the law was signed, now say that statements come too late until they’re backed up by action.
The U.S. Chamber of Commerce, Business Roundtable, and other business lobbies say they strongly oppose raising the corporate income tax rate to 28% from 21% to pay for the $2.25 trillion infrastructure plan that Biden unveiled on Wednesday. They want to see a user-fee model for raising money for improvements.
Businesses should look at their corporate social responsibility efforts and determine how they can improve public health, write chief medical executives from Disney, IBM and Goodyear.