Biden to GOP: $1 trillion in infrastructure spending paid with corporate tax hike

President Joe Biden is reportedly coming down on the price tag on an infrastructure package in hopes of coming to a bipartisan compromise with a group of Republican senators, but new spending and corporate tax hikes remain sticking points in negotiations.

In about an hourlong meeting with Republican negotiator West Virginia Sen. Shelly Moore Capito on Wednesday, Biden asked for $1 trillion in new spending on top of a baseline of $400 billion over five years, according to CNN and Politico.

That would put Biden's new ask down from his initial $2.3 trillion proposal and the $1.7...