President Biden says higher corporate taxes will not harm the US economy

President Joe Biden on Monday defended his proposal to raise corporate taxes to help drive a massive increase in US infrastructure spending, saying he was not at all worried that the tax increase would hurt the economy.

Speaking to reporters after arriving in Washington after a weekend at the Camp David presidential resort in Maryland, Joe Biden also said there was "no evidence" that the proposed corporate tax increase would alienate companies from the United States.

“I’m going to push as hard as I can to change the circumstances so we can compete with the rest of the world,” he said. “Everybody else in the rest of the world is investing in infrastructure and we’re going to do it here.”

Biden rejected GOP criticism that the president's $2.3 trillion US employment plan is full of elements that are not related to infrastructure.


5 April 2021

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