Biden Open to Negotiating Corporate Tax Increase for Infrastructure Plan: Psaki

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Benigno “Noynoy” Aquino III: Former Philippine President’s Remains Carried in Quezon City
  • German Soccer Clubs Unite After UEFA Rejected Munich’s Application For Rainbow-Colored Stadium
  • Rep. Sheila Jackson Lee Sees Room for Compromise on Voting Bill
  • Bloomberg Quicktake: Now published this video item, entitled “Biden Open to Negotiating Corporate Tax Increase for Infrastructure Plan: Psaki” – below is their description.

    President Joe Biden will meet with both Republican and Democratic members of Congress on Monday to discuss his $2.25 trillion plan to build U.S. infrastructure, an early test of political support for the proposal.

    Lawmakers from both the House and Senate have been invited to the meeting, White House Press Secretary Jen Psaki said Friday. She said the White House would identify them beforehand on Monday.

    “I look forward to working with Congress to advance these and other priorities,” Biden told reporters in the Oval Office on Friday. “I’ve already spoken to some of my Republican colleagues about dealing with the infrastructure legislation as well as other budget items. So we’re going to work on it and see if we can get some bipartisan support across the board here.”

    Republicans have criticized Biden’s proposal for including a corporate tax increase as well as for its expansive scope — it proposes spending hundreds of billions of dollars on child and elderly care, manufacturing and research, in addition to more traditional infrastructure projects.

    Some early polling has shown the plan is popular with many Americans, even if it is funded by tax increases on corporations or high-income people, raising pressure on Republicans to at least engage with the White House on legislation.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • Trump lawyer Giuliani law licence suspended for claim 2020 election was fraudulent, court says
  • Biden, bipartisan group of senators reach deal on infrastructure bill
  • Biden warns people will die as Covid variant spreads
  • Biden Pushes For More Covid Vaccinations in North Carolina Speech
  • Pres. Biden on importance of vaccination — 6/24/21
  • Live: Biden Delivers Remarks Highlighting Importance Of Getting Vaccinated | NBC News
  • In This Story: Republicans

    The Republican Party, sometimes also referred to as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States, along with its main, historic rival, the Democratic Party.

    It was founded on 20th March 1854 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Ronna McDaniel (chairwoman).

    2 Recent Items: Republicans

  • Why Republicans should be worried about Iowa
  • Senate Republicans Vote to Block For the People Voting Rights Bill
  • Leave a Comment