Biden’s $2.3 trillion infrastructure proposal coupled with major tax hike

President Joe Biden says he is open to compromise as he works to lock in Republican support for his $2.3 trillion infrastructure proposal and a corporate tax hike. Improvements for American roads, bridges, and water pipe replacement are included in the infrastructure upgrade scheme. Some unusual components include the expansion of broadband networks which Republicans have pushed back against as something that is not generally considered infrastructure. The corporate tax hike would target individuals and companies earning over $400,000 and will also see the corporate tax rate raised from 21 per cent to 28 per cent.

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