Biden promotes corporate taxes in Illinois as business opposition mounts

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President Joe Biden made the case for spending trillions of dollars on U.S. infrastructure, paid for by higher taxes on corporations, at an Illinois community college on Wednesday, as opposition builds from U.S. business groups.

In a speech Biden focused on what he called "human infrastructure" priorities that did not make it into a $1.2 trillion bipartisan deal struck with Republicans.

"The fact is that it is paid for," he said. "Everybody has to pay their fair share. I'm not trying to gouge anybody. They've just got to get in the game," he said.The Biden administration's bedrock economic argument is neither corporations nor wealthy Americans are paying their "fair share" to support research, education, infrastructure and workers in the world's largest economy.

Democrats hope that most of the proposals not in the bipartisan bill will pass under a budget mechanism that would require only a simple majority in the U.S. Congress, bypassing Republicans, who oppose any new corporate taxes.

 

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