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