Corporate America tears down Biden s infrastructure plan POLITICO 2 hrs ago By Ben White © AP Photo/Evan Vucci Underneath the surface, the corporate world generally despises President Joe Biden’s plan in its current form and is fixated on its defeat.
Corporate America has loudly complained for years about the crumbling state of the U.S. infrastructure and demanded that Washington invest heavily to catch up to the rest of the developed world.
But now that President Joe Biden has proposed a massive $2 trillion-plus spending package, the collective response from big business is basically: “No thanks, try again.”
Groups like the Chamber of Commerce and the Business Roundtable have largely rejected the plan, saying the tax hikes that Biden is proposing to pay for it would crush American competitiveness.
Biden s Tax Plan Aims to Raise $2 5 Trillion and End Profit-Shifting
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How Biden s infrastructure plan crashed with corporate America
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