President Joe Biden stated Wednesday that he’s prepared to barter on the proposed company tax price hike in his $2 trillion infrastructure plan.
“I am prepared to hearken to that,” Biden stated on the White Home when requested if he would think about a decrease company tax price than 28%, as his plan presently requires.
“We have got to pay for this,” Biden added, noting that there are “many different methods we will do it.”
“However I am prepared to barter that,” he stated.
The president’s comment concerning the company tax price got here after he delivered a sweeping protection of the dimensions and scope of his proposed infrastructure overhaul.
Republicans have been fast to criticize the plan for funding too many tasks that, of their view, fall outdoors the definition of infrastructure. Senate Minority Chief Mitch McConnell, R-Ky., has tried to model the plan a “Trojan Horse” for liberal insurance policies, and different GOP lawmakers have claimed that solely a small fraction of the large invoice goes towards “actual infrastructure.”