U.S. business group pans Biden tax hikes in infrastructure proposal

American Business Bank

31/03/2021 14:22

WASHINGTON, March 31 (Reuters) - The U.S. Chamber of
Commerce sharply criticized President Joe Biden's proposed
corporate tax hikes to pay for a $2 trillion infrastructure
proposal.
    The largest U.S. business group called the proposal
"dangerously misguided when it comes to how to pay for
infrastructure." The group argues infrastructure improvements
"should be paid for over time – say 30 years  -- by the users
who benefit from the investment" and suggested corporate tax
hikes "will slow the economic recovery and make the U.S. less
competitive globally."

 (Reporting by David Shepardson)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))