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.
