Over 20 business groups form coalition to oppose Biden s tax hike proposals
1 2021-05-26 07:57:38Xinhua
Editor : Li Yan
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More than two dozen groups representing U.S. businesses and employers have formed a coalition to oppose President Joe Biden s plan to raise taxes, arguing that such measures would hurt U.S. economic recovery.
The coalition of 28 industry groups is organized to make the case that hiking taxes on individually and family owned businesses and corporations will hamper the U.S. economy in the wake of the COVID-19 pandemic, the Main Street Employers coalition said in a statement.
The National Association of Wholesaler-Distributors, meanwhile, said on Twitter that the association is also joining forces with dozens of associations to oppose the tax hikes, forming the America s Job Creators for a Strong Recovery.
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More than two dozen business groups have formed a coalition to fight future tax hikes proposed by Democrats and President Joe Biden, CNBC reported.
The coalition, titled “America’s Job Creators for a Strong Recovery,” is made up of 28 organizations that argue additional tax increases will punish those that create jobs and, therefore, hurt the ongoing economic recovery, according to CNBC. While President Joe Biden’s infrastructure and families plans are popular among Americans, they become less popular when people are told how they will be paid for, organizers said.
“The record tax hikes that Democrats are seeking to ram through could not come at a worse time for America’s job creators who are just beginning to recover from a crippling pandemic,” National Association of Wholesaler-Distributors (NAW) President and CEO Eric Hoplin told CNBC.
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