Biden Drops Corporate Tax Hike, Halves Proposed Infrastructure Spending in Concession to GOP
President Biden reportedly suggested in a private meeting on Wednesday that he is open to significantly revising the size of his , as well as how it would be funded, in order to secure Republican support. Biden outlined a plan for roughly $1 trillion in new spending financed through tax changes that would not raise the top corporate rate during a meeting with the GOP’s top negotiator, Senator Shelley Moore Capito (R., W. Va.), according to the The concession comes after Biden agreed to drop his initial price tag of more than $2 trillion ...
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