WASHINGTON — President Joe Biden on Thursday said he wants to see a corporate tax rate "between 25 and 28" percent, setting down a new marker in the ongoing negotiations over how to fund a major infrastructure bill.
Dubbed the American Jobs Plan, Biden's signature domestic policy bill would invest $2 trillion into rebuilding vast parts of the U.S. infrastructure, from roads and bridges to expanded broadband. So far, Republicans in Congress have said that any changes at all to the 2017 tax cuts bill would amount to a red line for the GOP.
Republicans have released the outlines of a counteroffer, proposing a narrow infrastructure bill that's a quarter the size of the Biden plan. It has yet to receive serious consideration.
When America was great, the rich paid taxes.
ylanmui But even with the increased corporate taxes it doesn’t cover the costs of his infrastructure plan!! All of his tax plans don’t raise enough money to pay for it either!!
ylanmui Fearing 'Biden taxes' .. America's rich are fortifying their fortunes and the market is bleeding
ylanmui More money to be wasted by the government
ylanmui Yes, drive them away... brilliant.
ylanmui Yikes..
ylanmui Won’t happen
ylanmui
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