Biden eyes 15% minimum corporate tax rate to pay for infrastructure

Posted on AllSides June 3rd, 2021
From The Center

President Joe Biden has proposed focusing on a minimum corporate tax rate of 15%, as well as increased Internal Revenue Service funding, as a way to to pay for a possible infrastructure package, White House press secretary Jen Psaki confirmed Thursday.

Driving the news: The proposal could could help negotiations with Senate Republicans. Biden made the offer in his meeting yesterday with Sen. Shelley Moore Capito (R- W.Va.) who is leading a group of GOP centrists trying to find a compromise on infrastructure spending.

The Washington Post first reported Biden’s new offer, couching...

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