CEOs Voice Concern Over Federal Tax Hikes

According to reports, a new survey by the Business Roundtable found 98% of CEOs said raising the federal corporate tax rate would have moderate to significant effect on their company‚Äôs competitiveness. Two-thirds of the executives said a tax hike could slow wage growth for employees. Similarly, Jay Timmons, president and CEO of the National Association of Manufacturers, says “increasing the tax burden on companies in America would mean fewer jobs, lower wages, and a smaller economy.” 6/22/2021