‘Just start paying your fair share’: Biden wants corp tax increase; GOP wants user fees

Senate Republicans counter Biden’s $2.3T infrastructure plan with $968B proposal

WASHINGTON – President Joe Biden traveled on Thursday to Cleveland to promote his $2.3 trillion infrastructure proposal while Senate Republicans released a $928 billion counteroffer.

They reduced the investment in broadband infrastructure to $65 billion. They were willing to agree on $506 billion for roads, bridges, and other construction projects.

“We have stayed within the boundaries of our original plan,” said Sen. Shelley Moore Capito, of West Virginia.

From left, Sen. Shelley Moore Capito, R-W.Va., the GOP's lead negotiator on a counteroffer to President Joe Biden's infrastructure plan, is joined by Sen. John Barrasso, R-Wyo., chairman of the Senate Republican Conference, Sen. Pat Toomey, R-Pa., and Sen. Roy Blunt, R-Mo., during a news conference at the Capitol in Washington, Thursday, May 27, 2021. (AP Photo/J. Scott Applewhite) (Copyright 2021 The Associated Press. All rights reserved)

Republicans did not support Biden’s plan to address the shortage of affordable housing, climate change, and improving care for seniors. They did include investments in airports, roads, and waterways.

Republicans also proposed user fees such as tolls and a dip into unspent COVID relief funds to pay for the bill. Biden wants a 7% increase on the corporate tax rate from 21%.

“Just start paying your fair share — just a little bit,” Biden said in a message to corporations during an event in Cleveland.

President Joe Biden listens during a tour of the Cuyahoga Community College Manufacturing Technology Center, Thursday, May 27, 2021, in Cleveland. (AP Photo/Evan Vucci) (Copyright 2021 The Associated Press. All rights reserved)

As negotiations continue before Congress returns on June 7, Biden plans to meet with Senate Republicans next week. U.S. Secretary of Labor Marty Walsh said the talks are hopeful.

“I think we just need to continue those,” Walsh said, adding he is optimistic about the outcome.

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Torres contributed to this report from Miami.


About the Authors:

Ben Kennedy is an Emmy Award-winning Washington Bureau Chief for Local 10 News. He has more than a decade of reporting experience nationwide.

The Emmy Award-winning journalist joined the Local 10 News team in 2013. She wrote for the Miami Herald for more than 9 years and won a Green Eyeshade Award.