98% Of CEOs Say Biden’s Corporate Tax Rate Hike Will Hurt Their Companies, According To Survey

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Biden has said he is “willing to negotiate” a smaller increase.

Of the 178 CEOs polled, 75% said increased taxes will negatively impact their company’s investments in research and development.“As we look toward recovering from the COVID-19 pandemic, keeping competitive tax policies in place is needed to help reinvigorate the U.S. economy and lead to more opportunity for Americans,” Raytheon Technologies Corporation CEO Gregory J.

” a hike lower than the 28% corporate rate he campaigned on—so long as the plan can be paid for another way. Biden will meet with a bipartisan group of lawmakers on Monday afternoon to discuss his infrastructure plan.

 

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Wyfan1234 They shouldn’t have voted for him!

Taxes are theft by the government!

boo hoo.

Bullshit

Stop corporate subsidies!!!!!!!!!!!

define hurt

It won't hurt their businesses, it will hurt their bonuses.

What would greedy say? They need to respect America and pay their fair share of taxes (Corp tax rate used to be ~40% and they had plenty of profits) and they need self-respect from contributing to society. Those that willingly pay pittance asked now will gain a trove of good will

Corporations don't pay taxes. This is so basic.

Bullshit!

😂😂

Aw. Band aid?

I don’t know why people celebrate corporate tax hikes. They gets passed on directly to employees (right or wrong) and result in smaller merit increases, bonuses, etc. It’s taking money directly out of the average persons pocket. It doesn’t hurt CEOs or “rich” people.

Well, in their defense, you have to be smart to figure out how to turn that situation into a win for your company.

...and most supported him so who care?

Too f'n bad! 🤷‍♀️

Of course they do

Ouin ouin 😭😂😂😂😂 FinancialTax 🏌🏌‍♀️🏌‍♂️

“If these increases stop just one stupid political tweet from these companies, then it was all worth it.”

It’s called the transfer of wealth. Tax them so that there is more money for the public.

Cry me a river 😭😭😭

Oh gee, they will have to shoulder a larger portion of their costd rather than shifting them to the rest of the taxpayers.

DanPriceSeattle is part of the other 2%, and he is laughing and shaking his head at his peers.

Not as badly as it would hurt people

This headline is hilarious/ridiculous

Isn't that his goal?

lol poor babies.

Hahaha

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