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Biden proposes 15% corporate minimum tax for infrastructure (AUDIO)

Anchorage, AK, United States / KBYR 700 AM Jun 3, 2021 | 10:35 AM WASHINGTON (Reuters) – President Joe Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans, two sources familiar with the matter said on Thursday, in what would be a major concession by the Democratic president as he works to hammer out an infrastructure deal. Biden offered to drop plans to hike corporate tax rates as high as 28%, and instead set a minimum tax rate that companies should pay instead at 15%, sources said. Biden’s new proposal, worth $1.7 trillion, would allow some $75 billion in unspent COVID-19 relief funds to be repurposed for the bill, one source said.

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Biden offers to drop corporate tax hike proposal – source

WASHINGTON (Reuters) - U.S. President Joe Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans on an infrastruc.

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Biden proposes 15% corporate minimum tax to win Republican backing of infrastructure plan

Biden proposes 15% corporate minimum tax to win Republican backing of infrastructure plan By David Shepardson and Jarrett Renshaw Reuters WASHINGTON (Reuters) -U.S. President Joe Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans, two sources familiar with the matter said on Thursday, in what would be a major concession by the Democratic president as he works to hammer out an infrastructure deal. Biden offered to drop plans to raise corporate tax rates as high as 28% and instead set a minimum 15% tax rate aimed at ensuring all companies pay taxes, sources said. In return, Republicans would have to agree to at least $1 trillion in new infrastructure spending, one source said. And Biden has not given up on seeking as much as $1.7 trillion.

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Biden offers to drop corporate tax hike proposal -source

U.S. President Joe Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans on an infrastructure package, a source familiar with the matter said on Thursday, in what would be a major concession by the Democratic president as he works to.

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