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Illustration: Eniola Odetunde/Axios

The Business Roundtable today will release a survey in which 98% of 178 CEOs polled said that increasing the corporate tax rate from 21% to 28%, as President Biden proposed, would have a "moderately" to "very" significant adverse effect on their company’s competitiveness.

By the numbers: 75% of CEOs said an increased tax burden on U.S. companies would negatively affect investments in R&D and innovation.

  • 71% of CEOs said it would negatively affect their ability to hire.
  • Nearly two-thirds said it would result in slower wage growth for U.S. workers.

BRT President & CEO Joshua Bolten said: "This survey tells us that increasing taxes on America’s largest job creators would lead to a reduced ability to hire Americans, slower wage growth for workers, and reduced investments in research and development — all key components needed for a robust economic recovery."

  • Raytheon Technologies CEO Gregory Hayes, chair of BRT's Tax and Fiscal Policy Committee: "As we look toward recovering from the COVID-19 pandemic, keeping competitive tax policies in place is needed to help reinvigorate the U.S. economy."
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Go deeper

Biden pollster urges blunt tax talk

Illustration: Aïda Amer/Axios

The top pollster for Joe Biden's presidential campaign is advising the White House to do something that often makes Democrats nervous: Talk loudly and proudly about raising taxes on the rich.

Why it matters: John Anzalone tells Axios his extensive polling and research has found that few issues receive broader support than raising taxes on corporations and people earning more than $400,000 a year.

The future of weddings is hybrid

Illustration: Sarah Grillo/Axios

The post-pandemic obsession with hybrid events and classrooms and offices is coming to weddings too.

Why it matters: The average wedding in the U.S. costs about $30,000, and the biggest cost comes down to headcount. The pandemic ushered in a new way of celebrating the big day, with the nearest and dearest in attendance and the rest on Zoom — and that model will outlast the pandemic itself.

NBC readies streaming push for Tokyo

NBCUniversal

NBCUniversal will stream some of the most popular Olympics sporting events exclusively on its new streaming service Peacock, executives said Wednesday.

Driving the news: Most notably, USA Men’s Basketball live coverage will be available only to subscribers of Peacock's premium paid tier.