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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…
The costly tax hikes President Biden is pushing would the US's economic competitiveness back on the global stage, a new report finds. That’s not “Building Back Better”—it’s shooting ourselves in the foot. By @brad_polumbo https://t.co/zxJXt1rJS2 — FEE (@feeonline) October 6, 2021
The costly tax hikes President Biden is pushing would the US's economic competitiveness back on the global stage, a new report finds. That’s not “Building Back Better”—it’s shooting ourselves in the foot. By @brad_polumbo https://t.co/zxJXt1rJS2
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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