Biden frames spending push as choice between benefiting wealthy versus working families Follow Us
Question of the Day
By David Sherfinski - The Washington Times - Thursday, May 6, 2021
President Biden on Thursday framed his push for a $4 trillion economic agenda and higher taxes on corporations and wealthier Americans as a “choice” between who in the country should benefit.
“This is all about making a choice a choice between giving tax breaks to [the] super-wealthy and to corporations and investing in working families,” Mr. Biden said from Lake Charles, Louisiana. “In my view, it’s an easy choice invest in workers wearing hard hats and doing the hard work of rebuilding the country.”
AP
President Joe Biden on Thursday suggested he was open to a corporate income tax rate between 25% and 28% to pay for his sweeping infrastructure and jobs proposal, the most concrete view he’s given to date on his negotiating position.
“Making sure the largest companies don’t pay zero … and reducing the, the tax cut to between 25 and 28 (percent), it’s a couple hundred billion dollars. We can pay for these things,” Biden said, speaking in front of the Calcasieu River Bridge in Lake Charles, Louisiana.
Biden noted the corporate rate, which is currently 21%, had been as high as 35% before former President Donald Trump and congressional Republicans cut taxes in 2017.
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