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Biden, Republicans hit ‘a brick wall’ in compromise infrastructure talks

President Joe Biden changed course after Sen. Shelley Capito, the leader of a group of six Senate Republicans handling bipartisan negotiations, offered $330 billion in new spending on infrastructure. That seemed measly compared with Biden’s reduced $1.7 trillion offer. Biden had originally proposed $2.25 trillion in national improvements. In order to pay for it, Biden’s “American Jobs Plan” includes raising the corporate tax rate to 28 percent, which is still lower than the 35 percent it has been for the last decade or so.
Source: logistics Mgmt

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