Study Estimates Biden Tax Plan Will Cost One Million Jobs in First Two Years

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Pres­i­dent Biden’s tax hike plan would cost the Amer­i­can econ­o­my one mil­lion lost jobs in the first two years, accord­ing to a study from the Nation­al Asso­ci­a­tion of Manufacturers.
The study, released Thurs­day, details the long and short-term dam­age to the econ­o­my inflict­ed by Biden’s tax hikes and repeals of Trump’s pro-man­u­fac­tur­ing policies.
NAM Pres­i­dent and CEO Jay Tim­mons sum­ma­rized the stud­ies findings:
“After decades of advo­cat­ing for a tax sys­tem that pro­vid­ed com­pet­i­tive rates and mod­ern inter­na­tion­al tax pro­vi­sions, man­u­fac­tur­ers in Amer­i­ca kept our promis­es fol­low­ing the enact­ment of the 2017 tax reforms: we raised wages and …

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