Journal Editorial Report: Fearless forecasts from Kim Strassel, Bill McGurn, Dan Henninger and Paul Gigot. Images: AFP/Getty Images Composite: Mark KellyHappy New Year, or, if you’re in business, unhappy new tax year. American employers are getting hit in 2023 with a variety of tax increases even as the risk of recession rises along with interest rates.
The tax hikes arrive for two reasons: provisions of the 2017 GOP tax reform that are phasing out, and big tax increases that passed as part of the Democrats’ Inflation Reduction Act. The Biden Administration doesn’t want to tell you this, so we thought we’d list the unmentionables:
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