Summary List Placement
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Here’s what we’re talking about today:
Biden says he’s open to negotiating on how to pay for his $2 trillion jobs plan
62 million doses of Johnson & Johnson vaccine need to be checked for contamination
The White House will unveil six steps on gun control later today
With Jordan Erb.
1. WILL BIDEN MAKE A DEAL?: President Joe Biden says he’s willing to cut a deal on parts of his infrastructure plan. He said he could accept a lower corporate tax rate than the 28% he proposed to help pay for his $2 trillion jobs over 15 years. But Biden also offered a resounding defense of both the scope of his plan and the idea that companies are not paying their fair share.
Key quote: “We’re going to — we’re going to try to put an end to this. Not fleece them — 28%. If you’re a mom, a dad, a cop, firefighter, police officer, et cetera, you’re paying close to that in your income tax,” Biden said at an event outlining his plan.
The gap between the two parties seems difficult to bridge: Republicans have slammed the proposal for stretching the definition of infrastructure. They have also zeroed in on paying for it with one of the largest tax increases in decades, not to mention that raising the corporate rate would undo part of the signature tax law enacted by former President Trump and the GOP.
Biden may not have a choice: Without Republican support, Democrats could not lose a single vote in the Senate and currently could stomach only two dissenters in the House. Sen. Joe Manchin of West Virginia’s latest …read more
Source:: Business Insider