The Biden administration is planning to fund its massive $2 trillion infrastructure spending package with increased corporate taxes, an approach that puts it at odds with businesses eager for funding for roads and bridges.
The “American Jobs Plan,” as the spending package has been dubbed, is the first of a two-part spending strategy that may end up costing up to $4 trillion. The first part, which targets infrastructure, will be announced by President Joe Biden on Wednesday afternoon during a visit to Pittsburgh, Pennsylvania.
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