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Businesses hail Biden public works plan, disdain tax increases Mark Niquette President Joe Biden U.S. business groups say they are thrilled that President Joe Biden is proposing massive new investment to upgrade crumbling U.S. infrastructure, but they ll be lobbying against raising the corporate tax rate to pay for it. The U.S. Chamber of Commerce, Business Roundtable, and other business lobbies say they strongly oppose raising the corporate income tax rate to 28 percent from 21 percent to pay for the $2.25 trillion infrastructure plan that Biden is unveiling on Wednesday. They want to see a user-fee model for raising money for improvements.

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