7% increase on Corporate tax = Job Killer. This increase adds to accounting and costs the business up to 10% more just to do business and this means companies will raise prices by 8-10% to counter balance the monthly loss or they will lay off a full time employee to afford this tax hike. Small medical practices can't raise prices. Insurance companies and Medicare fix the reimbursement prices, so we will have to thin out staff to afford this. How nice.
https://thehill.com/homenews/administration/543180-biden-planning-first-major-tax-hike-in-almost-30-years-report