Biden infrastructure plan includes corporate tax hike, transportation money

President Biden hopes to pass a $2 trillion infrastructure and economic recovery package to jolt the economy after approval of a Covid relief plan.

  • President Biden unveiled a more than $2 trillion infrastructure and economic recovery package on Wednesday.
  • The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.
  • An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.

Source: Biden infrastructure plan includes corporate tax hike, transportation money