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Rubio: Biden Tax Hikes Bad for America, Workers

Feb 24, 2021 | Press Releases

Washington, D.C. — U.S. Senator Marco Rubio (R-FL) released a statement after Treasury Secretary Janet Yellen confirmed the Biden Administration plans to raise the corporate tax rate by 33 percent — from 21 percent to 28 percent. 
“It is clear that Democrats intend to pursue a radical agenda full of left-wing priorities with the full support of President Biden,” Rubio said. “While some businesses have thrived over the past year, countless more have laid off employees, closed locations, or gone out of business completely. It defies common sense to raise taxes on businesses as we begin to rebuild after a deadly pandemic and disastrous public health lock down. This is not the so-called moderate agenda millions of Americans thought they were voting for. I urge the Biden Administration to reject the current partisan atmosphere and work with Republicans in Congress as we move forward and begin to recover.”