CEOs worried about corporate tax hikes as Dems push bills aimed at boosting working families

U.S. President Joe Biden discusses his ‘Build Back Better’ agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at the White House in Washington, August 11, 2021.

Evelyn Hockstein | Reuters

The Business Roundtable, a large and powerful group consisting of prominent corporate leaders, said Tuesday that Democrats’ proposed corporate tax hike is one of the greatest threats to companies’ investment, hiring and growth plans in the foreseeable future.

The Business Roundtable said its third-quarter CEO survey showed that chief executives have three primary concerns: Difficulty finding and retaining qualified workers, a possible increase to the corporate tax rate and slow Covid-19 vaccine uptake.

“Increasing taxes on America’s largest job creators by almost $1 trillion—nearly three times the net corporate tax cut from 2017 tax…

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