GOP Says Corporate Tax Hike in Biden Admin. Plan Will Eliminate Jobs

GOP Says Corporate Tax Hike in Biden Admin. Plan Will Eliminate Jobs

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Social Studies, Business

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The Biden administration's $2 trillion jobs plan aims to boost electric vehicles and modernize infrastructure. Critics argue that only 5% of the plan targets traditional infrastructure, labeling it a tax hike that could slow GDP and cause job losses. Officials defend the plan, emphasizing the need for a 21st-century infrastructure definition. The plan proposes reversing Trump-era corporate tax cuts, which some believe will hinder job creation. Public opinion is divided, with mixed support for the broader plan.

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