Biden Floats New Infrastructure Spending Offer of $1 Trillion

WASHINGTON—President Biden signaled he could accept a narrower infrastructure package that didn’t include raising the corporate tax rate, telling a top Senate Republican that he wants $1 trillion in new spending and floating alternative ways to pay for the measure, according to people briefed on the matter.

The new proposal, which includes a minimum corporate tax of 15% for the nation’s largest companies and the repurposing of some Covid-19 aid funding, marks a late shift from the White House, as Mr. Biden and Senate Republicans kick off what is expected to be a final flurry of talks on the size of the infrastructure plan and how to fund it.

Read more https://www.msn.com/en-us/news/politics/biden-floats-new-infrastructure-spending-offer-of-1-trillion/ar-AAKFsXN

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