Wall Street Journal: A 28% Tax Rate Will Cost Companies, but Not Equally

Supporters say the tax increase cannot be looked at in isolation. Domestic companies and American workers stand to benefit from the Biden administration’s proposal to spend more than $2 trillion on infrastructure and other improvements, said Matt Gardner, a senior fellow at the progressive Institute on Taxation and Economic Policy.

“I don’t think you can claim with a straight face that these provisions are going to kill jobs without simultaneously thinking about what you’re building with these corporate tax revenues,” he said.

Read more

---