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After Another Cordial Meeting on White House Infrastructure, GOP Still A No on Raising Corporate Taxes

President Biden hosted another bipartisan group of 10 lawmakers on Monday to discuss his infrastructure proposal, and once again everyone said the meeting was cordial and respectful, Biden and his guests expressed their willingness to do so. compromises on the size and scope of the bill, and Republicans have said they will not support raising the corporate tax rate to pay for the package. Biden wants to raise the corporate tax rate to 28%, from 21%, to fund $ 2.25 trillion in spending. Senator Joe Manchin (DW.Va.) has suggested a rate of 25%, and there is speculation Democrats will settle around that figure. “You could see a 2 or 3 percent increase – maybe not all the way to 28 but 25,” said Rep. Charlie Crist (D-Fla.), Who was at Monday’s meeting at Wall Street. Newspaper. GOP lawmakers were “more in favor of user fees so that whoever benefited from this particular infrastructure project pays for it in the long run,” said Representative Carlos Giménez (R-Fla.), Another participant. The senses. Mitt Romney (R-Utah) and John Hoeven (RN.D.) both said after the meeting that they would rather pay for new infrastructure with gasoline taxes, user fees and other mechanisms. that don’t hit businesses. “There is broad support for infrastructure, and I think a bipartisan bill is possible, but we need to find an agreement to make these updates in a targeted way that does not raise taxes,” Hoeven said. Biden opposes user fees, gasoline taxes, or any other fundraising mechanism that hits the middle class, and opposition from Romney and Hoeven suggests he won’t get any GOP support to increase corporate taxes, says Axios. Biden told Republicans he won’t wait forever for a counteroffer. “He would like the Republicans, you know, to come back with some sort of infrastructure proposal around mid-May,” Giménez said. Meanwhile, “progressives are warning the president not to become too attached to his GOP friends,” Politico reports. Biden “should approach the negotiations with an open mind and an open heart, but it shouldn’t be long,” said Senator Elizabeth Warren (D-Mass.). “We can’t end the months from now without real progress and without a real infrastructure bill.” “Personally, I don’t think Republicans take seriously solving the major crises facing this country,” added Sen. Bernie Sanders (I-Vt.). “Maybe I’m wrong, but we certainly aren’t going to wait forever. … They have something to say? Now is the time to say it.” The New HBO Show You Can’t Stop Watching Donald Trump’s Most Dangerous Political Legacy


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Joseph Johnson

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