President Biden on Wednesday in Pennsylvania will unveil a nearly $2 trillion infrastructure package to rebuild highways and bridges, along with funding programs for housing, broadband and schools and increasing U.S. manufacturing jobs over the next eight years, an administration official told reporters on Tuesday night.
Alongside the expansive infrastructure plan, the president will release a blueprint to increase corporate taxes that, if passed, would pay for the overhaul within the next 15 years. The plan would make tax changes such as raising the corporate tax rate and preventing companies from writing off expenses that are accrued from offshoring jobs.
“The focus on corporate tax reform here reflects both the president’s long standing commitments on the campaign but also a practical perspective” that improvements in infrastructure and the nation’s productive output can make U.S. investment attractive, the administration official said, speaking on background.
Click here to read the rest of the article written by Ariana Figueroa over at Maryland Matters
