Barrons: Even Scaled Back, Biden’s Tax Reforms Would Reshape Business

Following is an excerpt of an opEd by ITEP Executive Director Amy Hanauer:

Despite the drama about getting majorities of lawmakers to support it, the tax bill before Congress right now would deliver fundamental reform. The Build Back Better proposal raises revenue from corporations and the wealthy, blocks corporate tax avoidance, and funds crucial priorities that help the U.S. economy thrive. The money raised delivers public health, green infrastructure, worker training, child care, and more—all of which would help ensure a healthy, productive workforce and a streamlined way to get products to markets. Even if individual parts of the package are scaled back, the legislation as a whole will change how America does business. Read more

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