“If you take President Joe Biden at his word, the multi-trillion-dollar tax and infrastructure plan being pushed by Democrats is about helping American families and workers. As noted by the Tax Foundation, labor (or workers) bear an estimated 70 percent of the burden of corporate tax hikes. There is debate over how much workers bear of this tax, with some economists arguing just 20 percent is borne by labor, while others argue 50 percent or even 100 percent of the tax hits workers. But even if we assume that workers bear just 20 percent of the corporate tax, workers will collectively be hundreds of billions of dollars worse off”. (The Hill. Read more here.)
As Americans struggle, Biden’s tax plan helps blue states and foreign nations
