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HEADLINES & GLOBAL NEWS By   Apr 08, 2021 07:34 AM EDT Pres. Joe Biden s proposal to increase corporate tax will have a negative impact on the country s employment, according to a new study. (Photo : Alex Wong/Getty Images) President Joe Biden speaks during an event at the South Court Auditorium at Eisenhower Executive Office Building. Impact of Biden s Corporate Tax Hike Pres. Joe Biden is taking it seriously to increase the corporate tax to 28 percent. This is to fund his proposed $2.25 trillion infrastructure package. It can be remembered that the Republicans lowered the corporate tax from 35 to 21 percent in 2017. According to a recently published article in The Hill, around 1 million jobs would be lost if Biden will increase the corporate tax to 28 percent. This is based on the findings of the study that the National Association of Manufacturers conducted.

United statesWhite houseDistrict of columbiaMitch mcconnellJay timmonsJoe manchinAlex wong gettyJoe bidenNational association of manufacturersCourt auditorium at eisenhower executive office buildingRice universityGetty imagesPresident joe bidenSouth court auditoriumEisenhower executive officeCorporate tax