White House Willing to Negotiate Corporate Tax Rate, but Holding Firm on ‘Big’ Infrastructure Bill

President Joe Biden is willing to go lower on his proposed corporate tax rate but is holding firm on a "big" infrastructure plan. Biden wants to increase the corporate tax rate from 21 percent to 28 percent to help pay for his $2.2 trillion infrastructure proposal. The president told reporters after giving a speech at the White House in Washington on infrastructure on Wednesday that he's "wide open" to going lower on the rate. "But we got to pay for this," he added. "There’s many other ways we can do it, but I’m willing to negotiate that. I’ve come forward with the best, most rational, way in my view, the fairest way to pay for it. But there are many other ways as well, and I’m open." The one exception on ideas Biden will accept is increasing taxes on people making less than $400,000 a year. Gina Raimondo, Biden's secretary ...

White House Willing to Negotiate Corporate Tax Rate, but
Holding Firm on ‘Big’ Infrastructure Bill
President Joe Biden is willing to go lower on his proposed corporate tax rate but is holding firm on a "big" infrastructure plan. Biden wants to increase the corporate tax rate from 21 percent to 28 percent to help pay for his $2.2 trillion infrastructure proposal. The president told reporters after giving a speech at the White House in Washington on infrastructure on Wednesday that he's "wide open" to going lower on the rate. "But we got to pay for this," he added. "There’s many other ways we can do it, but I’m willing to negotiate that. I’ve come forward with the best, most rational, way in my view, the fairest way to pay for it. But there are many other ways as well, and I’m open." The one exception on ideas Biden will accept is increasing taxes on people making less than $400,000 a year. Gina Raimondo, Biden's secretary ...