Biden Said To Mull Dropping Corporate Tax Hike To Fund Jobs Plan | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Biden Said To Mull Dropping Corporate Tax Hike To Fund Jobs Plan

In an effort to win Republican support for President Joe Biden's infrastructure and jobs plan, the White House on Thursday signaled it was willing to negotiate over his pledge to increase the corporate tax rate.

The Washington Post reported Biden offered to drop his proposal to return the top corporate tax rate to 28 percent -- where it had been before a Republican-backed tax cut in 2017 -- from its current 21 percent level, something the opposition party strenuously opposes.

Citing sources familiar with the discussions, the newspaper said the offer was made in a private White House meeting on Wednesday with Republican Senator Shelley Moore Capito, as the president looks for opposition support for his spending plans.

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