BUSINESS

U.S. Business Alliance Formed To Oppose Biden’s Tax Proposal

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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