Biden’s corporate tax hike could cost US economy 1M jobs, trade group warns

National Association of Manufacturers says 1M jobs to disappear within 2 years if president’s proposed tax increases are approved


President Biden has pitched his nearly $2.3 trillion spending proposal as a vital investment in the U.S. economy, but the proposed tax hikes that would fund the sweeping measure could kill close to 1 million jobs

That’s according to a study released Thursday by the National Association of Manufacturers, which found that 1 million jobs will disappear within two years if the president’s proposed tax increases are approved.

“The conclusion of this study is inescapable—follow through with tax hikes that give other countries a clear advantage and we’ll see far fewer jobs created in America,” Timmons said.

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