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Biden taxes target big companies, so why is small business worried?

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President Joe Biden speaks while visiting Smith Flooring, a small minority-owned business, to promote his American Rescue Plan in Chester, Pennsylvania, on March 16, 2021.

Andrew Caballero-Reynolds | AFP | Getty Images

Several top policy priorities in President Biden’s agenda seek to rein in the wealth and power of the biggest companies. But as the debate moves to Capitol Hill and the president’s spending ambitions have surprised in magnitude, small business policy experts have a growing sense it could be too much too soon, and Main Street could become a financial casualty in several important respects at a time when many operations are just getting back on their feet after the…



Source cnbc.com

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