The White Home denies report that Biden made enormous concessions to the GOP on infrastructure
Joe Biden made some big promises before taking office in January. He has already achieved his first goal of passing a major COVID relief law. The new president has now started to pass a major infrastructure law.
Biden would very much like the bill to be passed by both Democrats and Republicans. To this end, he recently met with Shelly Moore-Capito, the GOP’s top negotiator.
According to a Washington Post report, Biden was willing to make major concessions to Republicans, including waiving a 28% corporate tax rate. The White House, however, denies the story.
Jen Psaki told reporters, “What has happened in the last few days, and also in yesterday’s meeting, is that the President has thoroughly reviewed all of the tax reforms he proposed – many of them in the campaign – which are included in the American Jobs Plan as payment and are also reflected in our budget, that we just released last Friday. And he and his Republican colleagues looked for a possible way in this particular negotiation. “
The press officer continued: “What the President believes is that companies can afford to pay a little more, and that is how we can pay for a number of the bold proposals he has put forward. But he’s also looked at all of the tax proposals he’s come up with over time to figure out how many of the Republican negotiators can get paid based on their bottom line.
Biden would look very strong if he could pass a bipartisan infrastructure bill. And while that is still possible, the president doesn’t need Republican support.
Todd Neikirk is a New Jersey-based policy and technology writer. His work has been featured on psfk.com, foxsports.com and hillreporter.com. He enjoys sports, politics, comics, and spends time with his family on the waterfront.