Washington, D.C. – The goal of Senate Democrats’ $3.5 trillion reckless tax and spending spree is not to help U.S. job creators thrive and create new opportunities here at home. Instead, Democrat-supported, job-killing tax hikes would make the U.S. a less competitive place to open headquarters and do business.
According to data from Americans for Tax Reform, the Democrats’ reckless tax and spending spree would force U.S. job creators to pay higher taxes here at home than they would in communist China:
- In Maggie Hassan’s New Hampshire, taxes would jump to 32.2%, surpassing China’s tax rate of 25%.
- In Catherine Cortez Masto’s Nevada, taxes would jump to 26.5%, surpassing China’s tax rate of 25%.
- In Raphael Warnock’s Georgia, taxes would jump to 30.7%, surpassing China’s tax rate of 25%.
- In Mark Kelly’s Arizona, taxes would jump to 30.1%, surpassing China’s tax rate of 25%.
- In Michael Bennet’s Colorado, taxes would jump to 29.8%, surpassing China’s tax rate of 25%.
These tax hikes mean fewer jobs created in the U.S., shrinking paychecks, and even higher costs for every day goods. Why do Senate Democrats support job-killing tax hikes that put U.S. families and job creators at a disadvantage?
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