New tax warning: Biden to whack small businesses

Despite promises not to tax small businesses, especially those that are minority owned, President Biden’s new group of taxes will hit smaller firms, one of the nation’s leading anti-tax groups warned Tuesday.

Grover Norquist’s Americans for Tax Reform highlighted Biden’s campaign promises to protect small businesses in its analysis that the growing IRS will be delivering bigger bills to Main Street companies.

“During his campaign, President Joe Biden promised the American people that he would not raise taxes on small businesses. Now safely in office, he is violating that promise. His tax plan imposes direct tax increases on small businesses,” said ATR.