Why corporate America is lining up against tax hikes

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Cor­po­rate Amer­i­ca and some eco­nom­ic experts are increas­ing­ly warn­ing about the poten­tial con­se­quences of rais­ing cor­po­rate tax rates as busi­ness­es big and small strug­gle to dig out of the finan­cial hole cre­at­ed by the pandemic.
Busi­ness advo­ca­cy groups have lined up to oppose Pres­i­dent Joe Biden’s pro­pos­al to hike the cor­po­rate tax rate from 21% to 28% to pay for the spend­ing plan, which includes mon­ey for infra­struc­ture and oth­er programs.
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