America’s federal corporate tax rate is currently about 21%. The Biden administration proposes raising it to 28%. For some perspective, that’s a 33% increase in one fell swoop. If enacted, Biden’s corporate tax rate would exceed China’s corporate tax rate, which is around 25%. China is communist. The Biden administration’s argument for making America less tax-friendly than communist China is not an economic argument, that it would be good for jobs in a recovering economy. That’s an afterthought at the most. Team Biden is making a sort of moral argument. Council of Economic Advisers Chair Cecilia Rouse on Sunday said...