Manufacturers Respond to Biden’s Proposed Tax Hikes

The Biden administration has announced details on two major initiatives — one to fund a massive expansion of social and educational programs; the other to fund new infrastructure spending. OMA Connections Partner Plante Moran has published this comprehensive look at the Biden tax proposals to fund these plans.

National Association of Manufacturers President and CEO Jay Timmons has reacted to President Joe Biden’s address to Congress. Timmons says manufacturers want to work with the administration to achieve historic infrastructure investment and other priorities, but cautions that “raising taxes on manufacturers — including many small businesses that pay at the individual rate — would stop our recovery in its tracks” and cost American jobs. He also warns against enacting anti-worker policies like the PRO Act. 4/29/2021