Biden willing to compromise on plans to hike US corporate tax

Apr 08, 2021 - City AM

US President Joe Biden said last night he is open to compromise on his $2tn (£1.45bn) infrastructure plan amid fiery criticism from businesses over a proposed $2.5tn increase in corporate taxes.

Biden faced furious backlash from Republicans, large corporations and members of his own Democratic Party to elements of the proposal he laid last week including major tax hikes for businesses.

Read more: Joe Biden’s $2.3tn spending spree will stifle competition and make business the bog...