Main menu


Trump attacks Biden: The proposal to raise corporate taxes will harm American workers

 Former US President Donald Trump attacked incumbent President Joe Biden on Wednesday, criticizing his plan to increase the tax rate for US companies to cover the expense of a huge infrastructure project proposal, claiming that the plan would benefit China and harm American workers.

Trump said in a statement - carried by the American newspaper "The Hill" - that "this legislation will be among the largest self-inflicted economic wounds in history ... if this brutality is allowed to pass, the result will be more Americans losing their jobs, the dispersal of more families, the abandonment of more factories, and the collapse." More industries, just as conditions were before I took over the presidency 4 years ago. "

"This tax increase is a traditional betrayal by the supporters of globalization at the hands of Biden and his friends ... the lobbyists will win, the special benefits will win, China will win, Washington's politicians will win and the bureaucrats in the government as well ... But working American families will lose," he added.

The newspaper pointed out that the White House drew up a $ 2 trillion plan to develop infrastructure and create more jobs aimed at repairing roads and bridges, investing in environmentally friendly technology and expanding access to networks, among other items, and the White House proposed financing the plan over 15 years. By increasing the corporate tax rate from 21% to 28%.

The newspaper noted that the tax law that Trump passed in 2017, despite opposition from Democrats in both houses of Congress, reduced the corporate tax rate from 35% to 21%.