Smaller Corporate Tax Increase Floated at White House Infrastructure Meeting

President Biden and a bipartisan group of lawmakers discussed alternative ways to pay for infrastructure spending, including a smaller increase in the corporate tax rate, as Republicans and Democrats aired possible changes to the size and scope of the package.

The White House has proposed raising the corporate tax rate to 28% from 21%, along with increasing taxes on U.S. companies’ foreign earnings, to cover the cost of Mr. Biden’s $2.3 trillion infrastructure proposal. At the meeting Monday, lawmakers and Mr. Biden discussed a more modest tax increase, according to...