In Shocking Twist, Corporations Would Still Prefer Not to Pay Taxes

2 days ago published on the source 20

Republicans have spent the last couple weeks railing against “woke” corporations, calling on supporters to boycott companies that have taken stands against their attacks on voting rights and in some cases threatening businesses that break with them ideologically. “Corporations will invite serious consequences,” Senate Minority Leader Mitch McConnell warned this week, “if they become a vehicle for far-left mobs to hijack our country from outside the constitutional order.”

But rumors of the death of the cozy relationship between the corporate world and the GOP have been greatly exaggerated. The business community may have taken stands against Republican outrages after the January 6 insurrection and the recent passage of Georgia’s draconian voting restrictions—but business is still business, and a bottom line is still a bottom line, and companies are still going to go on the attack against anything they perceive to be a threat to it.

Take Joe Biden’s infrastructure plan. The sweeping proposal, which Democrats may try to pass through reconciliation once its final details are worked out, appears to command broad support from the American people, who overwhelmingly approve of raising taxes on corporations to fund repairs to the country’s roads and bridges and other ambitious projects. But the corporate world, predictably, isn’t exactly pleased with the idea of a corporate tax hike, and is mobilizing against Biden’s efforts. “The benefits of infrastructure would be offset by punitive tax increases,” Neil Bradley, chief policy officer at the Chamber of Commerce, which opposes the package, told Politico. “And if they move ahead with only Democratic votes, the concept of doing anything on a bipartisan basis would be over and it would just reinforce the kind of gridlock that has prevented progress on every other issue.”

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