July 3, 2025

FacebookTwitterInstagramYouTube
  • Home
  • News
  • Events
  • Photos
  • Listen Live
MENU
  • Home
  • News
  • Events
  • Photos
  • Listen Live

President Biden ‘willing to negotiate’ proposed corporate tax hike

April 8, 2021 at 6:00 am Updated: April 8th, 2021 at 6:33 am Staff
  • News Daypop
  • Tweet
  • Share
  • Reddit
  • +1
  • Pocket
  • LinkedIn

During his speech on the so-called ‘American Jobs Plan’ in the South Court Auditorium of the White House on Wednesday, President Joe Biden defended his plan to raise the corporate tax to help pay for his $2 trillion infrastructure package– but said he’s willing to compromise with Republicans on how high.

The Biden administration has proposed raising the corporate tax rate from the 21% established by Republicans’ 2017 Tax Cut and Jobs Act to 28%, which would still be lower than what it was between World War II and 2017. The White House said the tax hike would fund the infrastructure plan within 15 years and would be combined with plans to discourage firms from listing tax havens as their address and offshoring profits.

Biden said of his infrastructure and jobs plan: “We have to pay for this. But I’m willing to negotiate that.”  However, Biden said he won’t budge on his promise to not raise taxes on people making less than $400,000, adding, “I’m open to ideas about how to pay for this plan, with one exception. I will not impose any tax increases on people making less than $400,000 a year. If others have ideas out there on how to pay for this investment, without violating that rule, they should come forward.”

Biden says he’s willing to negotiate on 28% corporate-tax proposal

Via www.msn.com
Biden said he is “wide open” to the idea of a corporate tax rate lower than 28%, but…
04/07/2021 3:06 PM
 

Editorial credit: Stratos Brilakis / Shutterstock.com

Previous Story
Los Angeles County Sheriff’s department confirms Tiger Woods crash was caused by excessive speed
Next Story
CDC director says UK variant of COVID-19 is now most common strain in the U.S.

Facebook

95.3 & 96.3 The Bee, WADI & WXWX FM

"Today's Best Country, Yesterday's Favorites and the News You Need!

Info

  • ABOUT
  • ADVERTISE
  • PRIVACY POLICY

New Trend

id5796293-gettyimages-2194442215-donald-trump-op-600x400513108-1

Union Files Lawsuit Against Trump Over Ending Job Protections

id5792650-01152025-dsc04982-marco-rubio-600x400694954-1

Marco Rubio Sworn In as Secretary of State, First Trump Cabinet Official

Social

Facebook Facebook Twitter Twitter Instagram Instagram YouTube YouTube
WADI-FM's on-line public inspection file can be found here on the FCC website. WBIP-AM's on-line public inspection file can be found here on the FCC website. WRJB-FM's on-line public inspection file can be found here on the FCC website.
Need assistance with our online public file? Click here to contact Kix Patterson, Head of Programming and Technology .
WADI WRJB- Corinth & Camden © 2025 Powered by OneCMS™ | Served by InterTech Media LLC
Are you still listening?
3628718089
Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
794cc181de7eb0656967811f6088eff3aae9e2d8
1
Loading...