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Biden plan would sabotage US economic competitiveness in one huge way

FEE’s Brad Polumbo writes, “The US would become a less attractive place for business investment, which is bad news for entrepreneurs, workers, and customers alike. Businesses would understandably be less likely to conduct business in the US when they could go to dozens of other developed countries with lower tax rates. As a result, our economic competitiveness would suffer…

Biden claims his tax-and-spend agenda is meant to reassert America’s dominance. But the costly tax hikes the president seeks would set our economic competitiveness back on the global stage. That’s not ‘Building Back Better’—it’s shooting ourselves in the foot.”

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