‘Damn it … I’m sick and tired of ordinary people being fleeced’: Biden defends corporate tax hike - POLITICO
Apr 07, 2021 52 secs

The president slammed the Trump administration’s corporate tax cuts in a speech touting his infrastructure plan.

President Joe Biden speaks during an event on the American Jobs Plan in Washington on Wednesday.

President Joe Biden on Wednesday defended raising the corporate tax rate to help pay for his infrastructure plan, saying he’s “sick and tired of ordinary people being fleeced.”.

Biden slammed former President Donald Trump’s corporate tax rate cuts, which he said mostly benefited the ultra-wealthy.

Biden’s plan would raise the corporate tax rate to help foot the bill.

The president’s plan would raise the corporate tax rate to 28 percent, up from 21 percent, but he said on Wednesday that he was willing to negotiate on the rate.

Before corporate rate cuts under Trump in 2017, the U.S.

In his speech Wednesday, Biden defended a changing definition of infrastructure.

“Two hundred years ago, trains weren’t traditional infrastructure, either,” Biden said.

Transportation Secretary Pete Buttigieg also took on the definition of infrastructure in an interview with MSNBC on Wednesday.


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