US President Joe Biden talks about the coronavirus disease of the Biden Administration’s (COVID-19) pandemic response while Vice President Kamala Harris listens in the State Dining Room in the White House in Washington on March 2, 2021.
Kevin Lamarque | Reuters
President Joe Biden said on Wednesday that he was prepared to negotiate the proposed $ 2 trillion tax hike.
“I’m willing to listen to that,” Biden said in the White House when asked if he would consider a corporate tax rate lower than 28%, as his plan currently requires.
“We have to pay for this,” Biden added, noting that there are “many other ways we can do this.”
“But I’m willing to negotiate,” he said.
The president’s remark on the corporate tax rate comes after he thoroughly defended the scope and extent of his proposed infrastructure overhaul.
Republicans were quick to criticize the plan to fund too many projects that they say fall outside the definition of infrastructure. Mitch McConnell, Senate Minority Leader, R-Ky., Tried to label the plan a ‘Trojan horse’ for liberal policies, and GOP lawmakers claimed that only a small fraction of the massive bill goes to ‘rights’. infrastructure ‘go.
But Biden argued Wednesday afternoon that “the idea of infrastructure has always evolved to meet the aspirations of the American people and their needs. And it is evolving again today.”
While the president has said he welcomes the debate over the details of the bill, he says his own view is that infrastructure reform should be kept in mind with the future, rather than focusing on restoring existing structures.
“We’re not just getting ready for today. We’re building for tomorrow,” Biden said.
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