Biden's Planned Corporate Tax Hike Will Cost Jobs and Reduce Economic Growth. Because That's What Taxes Do.

The White House is reportedly considering hiking the corporate income tax to 28 percent and raising individual income taxes on high earners to pay for more federal spending.

President Joe Biden is reportedly considering a plan to hike taxes on individuals and corporations in order to help offset another splurge of government spending. Preliminary analyses of the possible tax hikes show they would transfer as much as $2 trillion from the private sector to the government, likely costing jobs and reducing wages for American workers.

Of course, that's what taxes...