— Gadgets

Biden’s $2.3 trillion infrastructure proposal coupled with major tax hike

President Joe Biden says he is open to compromise as he works to lock in Republican support for his $2.3 trillion infrastructure proposal and a corporate tax hike. Improvements for American roads, bridges, and water pipe replacement are included in the infrastructure upgrade scheme.

Some unusual components include the expansion of broadband networks that Republicans have pushed back against as not generally considered infrastructure.

The corporate tax hike would target individuals and companies earning over $400,000 and see the corporate tax rate raised from 21 percent to 28 percent.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button