U.S. House tax chief offers partial support for Biden infrastructure tax plan

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U.S. Representative Richard Neal, the top Democrat for tax policy in the House, offered only partial support on Thursday for President Joe Biden's plan to finance his $2 trillion infrastructure plan by raising taxes on corporations.

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WASHINGTON - U.S. Representative Richard Neal, the top Democrat for tax policy in the House, offered only partial support on Thursday for President Joe Biden’s plan to finance his $2 trillion infrastructure plan by raising taxes on corporations.

Neal, who chairs the tax-writing House Ways and Means Committee, said he is insisting that other funding measures such as bonds and expanded tax credits be included in the legislation that he expects his panel to begin writing within four to six weeks. It already faces stiff opposition from Republicans and some resistance among Biden’s fellow Democrats, who narrowly control both the House and Senate.

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