U.S. business groups have teamed up to form an alliance that would oppose any new tax increase by the Biden administration.
The alliance includes twenty-eight industry groups that have created a coalition called “America’s Job Creators for a Strong Recovery.”
Eric Hoplin, president and chief executive of the National Association of Wholesaler-Distributors, which is leading the coalition, reportedly said, “The record tax hikes that Democrats are seeking to ram through could not come at a worse time for America’s job creators who are just beginning to recover from a crippling pandemic.”
The U.S. government is proposing a global minimum corporation tax rate and increasing the tax in the U.S. to pay for infrastructure projects.
President Joe Biden is seeking to pass a two-point three trillion-dollar infrastructure package, which would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes.
Readers Bureau, Contributor
Edited by Jesus Chan
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