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The ABC, CBS and NBC evening news networks ignored yet another major economic report slapping down President Joe Biden’s ridiculous corporate tax hike plan as disastrous.
The National Association of Manufacturers (NAM) released a new damning economic study Thursday ripping apart another Big Lie in Biden’s agenda. The study projected that a corporate tax hike from 21 percent to 28 percent in addition to other items like increasing the top individual tax rate and reinstating the corporate alternative minimum tax “would result in less economic activity and 1 million jobs lost in the first two years.” But that’s not all. “The average annual reduction in employment would be equivalent to a loss of 600,000 jobs each year over 10 years,” the study’s summary reported. So much for Biden’s recent assertion that “[t]here’s no evidence” his corporate tax hike would hurt the economy.
Big Three CENSOR Study Saying Biden s Corporate Tax Hikes Will Cost 1M Jobs in 2 Yrs newsbusters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbusters.org Daily Mail and Mail on Sunday newspapers.
Study: Biden Tax Hikes Will Cost 1 Million Jobs in First Two Years
8 Apr 2021
President Biden’s tax hike plan would cost the American economy one million lost jobs in the first two years, according to a study from the National Association of Manufacturers.
The study, released Thursday, details the long and short-term damage to the economy inflicted by Biden’s tax hikes and repeals of Trump’s pro-manufacturing policies.
NAM President and CEO Jay Timmons summarized the studies findings:
“After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities. If we undo those reforms, all of that will be put at significant risk. Manufacturing workers will lose out on jobs, growth and raises. We should be building on that progress, not rolling
Study Finds Biden s Corporate Tax Hikes Would Cost 1 Million Jobs theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.