Letters
| November 3, 2021

Letter to Congress Opposing Tax Hikes in the Build Back Better Framework

The Administration’s Build Back Better Framework released last week would impose the OECD’s highest marginal rates on family-owned businesses and should be rejected by Congress. These businesses just survived a global pandemic and for Congress to impose massive tax hikes on them, with rates exceeding 50 percent in some cases, would be incredibly damaging. The undersigned business organizations, representing millions of Main Street businesses, call on Congress to defeat these ill-advised tax hikes. Individually- and family-owned businesses comprise nearly all businesses in the United States and employ the vast majority of private-sector workers. Yet the Framework would significantly increase rates on those businesses at income levels well below the advertised thresholds.

Tax