Think of it like your household budget: when you have less to spend, you cut back. That’s what businesses might do if these new taxes become law.

The Biden administration has proposed a series of tax increases aimed at corporations and high earners to fund its ambitious social agenda. These measures are designed to generate revenue for investments in infrastructure and social programs.

But conservative economists warn that such policies could backfire by reducing the incentive for companies to hire new workers or invest in expansion, as they would face higher costs.

My late husband always said, “When you tax something, you get less of it.” He was a wise man. Imagine if your business had to pay more taxes every year. Would you still feel comfortable hiring?

The proposed changes include raising the corporate tax rate from 21% to 28%, reversing the cuts made during the Trump administration. The capital gains tax for high earners would also increase significantly.

These moves are part of a broader Democratic agenda that seeks to address income inequality and fund public investments. However, critics argue this could lead to unintended consequences harmful to economic recovery.

“I did not want to believe this,” I thought last night as I read through the proposals. “But the numbers tell the story.”

The analogy is clear: if your household budget tightens up and you have less money to spend, you make cuts. Businesses will do the same.

This isn’t just about my generation; it’s about what happens to our kids and grandkids. If businesses aren’t hiring, who are young people going to work for?

My heart is heavy thinking about this because I know firsthand how hard working families struggle when job opportunities dry up.

I urge everyone to take a moment to understand the implications of these tax hikes. We need jobs and economic growth more than ever.