The Biden Administration’s “American Jobs Plan” is aptly named. Obviously, spending on infrastructure and other things will provoke activity that contributes to employment. But less widely understood is that the “pay for” part is also employment supportive, perhaps more importantly and durably than the expenditure side. The proposal would increase the corporate tax rate from 21% to 28%. That’s good, but not enough. It would be better for employment if the corporate tax rate would be reset to the pre-Obama 35% rate, and better yet if it were set to the 50%-ish rates that prevailed during the worker-friendly 1950s. In addition to the top-line rate increase, the plan includes provisions to counter jurisdiction shopping and close loopholes in the corporate tax system. To the degree these reforms increase effective corporate tax rates, they too are employment supportive.