Yet another study has found that the impacts of Biden-endorsed tax hikes will hit Americans fast and hard.
In a study conducted by Rice University economists, the National Association of Manufacturers (NAM) found that repealing key parts of the 2017 tax cuts – like Joe Biden’s proposal to hike the business tax rate to 28% – could kill 1 MILLION JOBS in the FIRST TWO YEARS.
This study is just the latest showing the harmful impacts of Biden’s plans.
The Penn Wharton Budget Model found that his infrastructure proposal would shrink the economy by nearly 1 point, lower wages, and decrease private investment over the next three decades, and analysis from the Tax Foundation similarly concluded that Biden’s 28% business tax rate would hurt the U.S. economy, kill 159,000 jobs, and lower workers’ wages.
It turns out a bill that hikes taxes by $2 trillion dollars, with only 7% of its spending for roads, highways, bridges, waterways, ports, and airports combined, is not a job creator. It’s a job destroyer.
