Topline As Congress returns from recess this week with President Biden’s ambitious infrastructure plan at the top of Democrats’ agenda, a new Business Roundtable survey found that 98% of the CEOs polled believe the 28% corporate tax rate included in the plan will hurt their company’s competitiveness. US President Joe Biden, with Vice President Kamala Harris, speaks about infrastructure investment … [+] from the Eisenhower Executive Office Building on the White House campus on April 7, 2021, in Washington, DC. AFP via Getty Images Key Facts The survey comes as the Business Roundtable, an organization of American CEOs that firmly opposes Biden’s corporate tax increases, gears up for a multimillion-dollar ad campaign designed to stop the hikes. Of the 178 CEOs polled, 75% said increased taxes will negatively impact their company’s investments in research and development. Another 71% said the tax hikes would negatively impact their ability to hire. Crucial Quote “As we look toward recovering f… Click below to read the full story from Forbes
Read More