Biden offers tax concession in infrastructure talks with key Republican

President Biden signaled at a private meeting on Wednesday that he would be open to significant revisions on the size of his infrastructure package and how it would be paid for in order to win Republican support, outlining a plan for about $1 trillion in new spending financed through tax changes that do not appear to raise the top corporate rate.

While Biden has not abandoned his call for these tax increases as part of his broader agenda, the moves are still a potential new concession in stalled talks over funding to improve the country’s roads, bridges, pipes and ports.