98% of 178 CEOs believe that corporate tax rate would impede their company’s competitiveness
By Megan Henney
A majority of the nation’s top CEOs agree that President Biden’s plan to raise the corporate tax rate in order to pay for his nearly $2.3 trillion spending proposal will hurt business competitiveness and slow wage growth.
A survey released by Business Roundtable on Monday found that 98% of 178 CEOs believe that hiking the corporate tax rate to 28% from 21%, would have a moderately or very significant adverse effect on their company’s competitiveness.
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