Biden starts selling major corporate tax hikes while opening the door to a compromise

Apr 07, 2021 - Business Insider

The Biden administration unveiled a proposal for a series of corporate tax hikes on Wednesday, projecting they would raise $2.5 trillion over 15 years to cover all of their infrastructure spending. But soon afterward, President Joe Biden signaled an openness to compromise with lawmakers on the size of a corporate tax increase.

"I'm wide open, but we got to pay for this," Biden said. "I am willing to negotiate that."

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