Biden offers tax deal to Republicans in infrastructure talks
Associated Press
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President Joe Biden is trying to break a logjam with Republicans on how to pay for infrastructure improvements, proposing a 15% minimum tax on corporations and the possibility of revenues from increased IRS enforcement as a possible compromise.
The offer was made Wednesday to Republican Sen. Shelley Moore Capito of West Virginia as part of the bipartisan negotiations and did not reflect a change in Biden’s overall vision for funding infrastructure.
White House press secretary Jen Psaki said Biden examined possible tax code changes from his plans that Republicans might support. The president concluded that a minimum corporate tax could provide some common ground.