President Biden’s Tax Proposal Would Deal Devastating Blow to American Businesses, Workers and Families

For Immediate Release Contact: Dan [email protected] WASHINGTON, D.C. – The RATE Coalition released the following statement in response to President Biden’s call for an increase in America’s federal corporate tax rate. “Economic research shows that raising the federal corporate tax rate is the most economically damaging tax increase, leading to significant reductions in employment and incomes.  […]

Read More…

RATE Coalition Statement on New CBO Projection

WASHINGTON, D.C. — The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, issued the following statement after the non-partisan Congressional Budget Office (CBO) released a new 10-year economic projection which forecasts that high levels of inflation will persist into next year.   […]

Read More…

RATE Coalition Statement on President’s Budget

The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, released the following statement on President Biden’s budget, which calls for raising the federal corporate rate from 21% to 28%. When combined with state taxes, American businesses would face an average effective tax rate of 33%. In comparison, competitors in China pay 25%, while Russian companies only pay 20%.   […]

Read More…