A study recently released by the National Association of Manufacturers analyzes the potential economic impact of the Biden administration’s proposed tax increases on American jobs. Why? Lawmakers are considering reversing course from the 2017 tax reforms by raising rates and phasing out key deductions, making it much more costly to do business in the United States. The report shows the impact of these proposed changes would be bad for our economy and for jobs. In fact, the study finds that the proposed package of tax increases would cost the U.S. 1 million jobs within two years after implementation and lead to a loss of 600,000 jobs on average each year over the next decade. You can read a summary of the study’s findings here or view the full analysis here.
Our call to action takes less than 30 seconds to complete and allows you to reach out directly to your Representative and Senator to help stop this bad legislation from becoming law. Join NMBC in telling NM’s congressional delegation to vote ‘NO’ on these job killing tax hikes for American businesses by filling our the Call To Action on the right side of this page.