Tennessee Conservative
President Joe Biden Is Planning The First Major Federal Tax Hike In Nearly 30 Years. Biden Has Not Released The Full Tax Plan, But Sources Say Proposed Changes Would Raise Taxes, Including The Corporate Tax Rate, To Help Fund An Anticipated Several Trillion Dollars In Additional Federal Spending.
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Tennessee Finished 18th In a New Study By The Tax Foundation showing Which States Are Best At Structuring Their Tax Systems.
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More New Taxes.
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Biden has proposed $4 trillion in tax increases on American families and businesses. While Biden touts his tax hike plan as a way to ensure corporations “pay their fair share,” the proposal will harm the U.S. economy at a time that it is recovering from the coronavirus pandemic. These tax hikes will make America a more uncompetitive place to do business, send jobs overseas, trigger a return of corporate inversions, and make it easier for foreign businesses to acquire U.S. companies.
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