Imagine you're a local shopkeeper trying to keep your doors open, only to have Uncle Sam raise prices again. That's what some people fear under the Biden administration's latest proposal: a hefty increase in corporate taxes.

The official story goes something like this: the new tax measure is aimed at funding infrastructure and social programs by leveling up taxes on large corporations. But behind that rosy facade lies an economic reality that could crimp small business growth and innovation, according to conservative critics.

Think of it in terms of your household budget — you might be tempted to buy a new car or take a vacation if your income goes up, but what if instead you're hit with extra taxes? The same principle applies to companies. Higher taxes mean less money left over for hiring more people and investing in their business.

The generational stakes are high too. My late husband used to say that we must protect the future of our children and grandchildren by making wise economic choices today. This tax hike could undermine the very foundations upon which young families build their lives: stable jobs, better wages, affordable housing.

After reading about this proposal last night, I couldn't sleep thinking about how it might impact small business owners trying to get ahead. Many of them are already navigating tough waters with supply chain disruptions and rising costs. Adding another layer of financial strain could push some over the edge.

The Obama-era administration tried similar tax increases, but they were met with stiff resistance from Republicans who feared the consequences for job creation. Now, under President Biden's watch, Democrats face renewed criticism as conservatives warn that this proposal will do more harm than good in revitalizing our economy.