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Biden Open to Negotiating Corporate Tax Increase for Infrastructure Plan: Psaki
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April 12, 2021
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1:13Now PlayingPresident Joe Biden will meet with both Republican and Democratic members of Congress on Monday to discuss his $2.25 trillion plan to build U.S. infrastructure, an early test of political support for the proposal.
Lawmakers from both the House and Senate have been invited to the meeting, White House Press Secretary Jen Psaki said Friday. She said the White House would identify them beforehand on Monday.
“I look forward to working with Congress to advance these and other priorities,” Biden told reporters in the Oval Office on Friday. “I’ve already spoken to some of my Republican colleagues about dealing with the infrastructure legislation as well as other budget items. So we’re going to work on it and see if we can get some bipartisan support across the board here.”
Republicans have criticized Biden’s proposal for including a corporate tax increase as well as for its expansive scope -- it proposes spending hundreds of billions of dollars on child and elderly care, manufacturing and research, in addition to more traditional infrastructure projects.
Some early polling has shown the plan is popular with many Americans, even if it is funded by tax increases on corporations or high-income people, raising pressure on Republicans to at least engage with the White House on legislation.
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