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Biden willing to negotiate on corporate tax rate, but says inaction not an option on infrastructure

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U.S. President Joe Biden speaks about the Biden administration’s coronavirus disease (COVID-19) pandemic response as Vice President Kamala Harris listens in the State Dining Room at the White House in Washington, March 2, 2021.

Kevin Lamarque | Reuters

President Joe Biden said Wednesday that he is willing to negotiate on the proposed corporate tax rate hike in his $2 trillion infrastructure plan.

“I’m willing to listen to that,” Biden said at the White House when asked if he would consider a lower corporate tax rate than 28%, as his plan currently calls for.

“We’ve got to pay for this,” Biden added, noting that there are “many other ways we can do it.”

“But I’m willing to negotiate that,” he said.

This is breaking news. Please check back for updates.

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