The proposed tax increases in the Biden administration’s infrastructure plan could lead to 1 million fewer jobs in the first two years, according to a new study conducted by Rice University economists for the NAM. The calculation: Economists John W. Diamond and George R. Zodrow calculated the effects of increasing the corporate tax rate to 28%, increasing the top marginal tax rate…
Original source: https://www.nam.org/tax-increases-would-cost-a-million-jobs-13370/