Biden's infrastructure plan met with skepticism from some lawmakers
CBSN
Washington — President Biden will unveil an ambitious infrastructure proposal on Wednesday that would spend over $2 trillion to reshape the American economy, but some members of Congress have already expressed skepticism about the plan, raising questions about whether such a bill will garner enough support to be approved in Congress.
Republicans have already balked at the price tag of the measure, which comes on the heels of a $1.9 trillion coronavirus relief package which passed in Congress without any GOP support. Senate Majority Leader Mitch McConnell said earlier this week that he doesn't want to see tax increases "across the board on America" to pay for an infrastructure bill — and Mr. Biden's proposal would raise corporate tax rates from 21% to 28% and would renegotiate with other countries a global minimum tax on multinational corporations. "My advice to the administration is if you want to do an infrastructure bill, let's do an infrastructure bill," McConnell said on Monday. "Let's don't turn it into a massive effort to raise taxes on businesses and individuals."More Related News