Summary List Placement

The Biden administration unveiled a proposal for a series of corporate tax hikes on Wednesday, projecting they would raise $2.5 trillion over 15 years to cover all of their infrastructure spending. But soon afterward, officials signaled an openness to compromise with lawmakers on the size of a corporate tax increase.

The 17-page report is designed as a sales pitch as the White House moves to garner support for its infrastructure plan just released last week. Major parts include:

• Raising the corporate tax rate from 21% to 28%.
• Establishing a global minimum tax for multinational corporations.
• Setting a minimum details ⇒

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