Salem Radio Network News Tuesday, June 15, 2021

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Biden pitches 15% minimum corporate tax for infrastructure

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President Biden is proposing a 15 percent minimum tax on corporations as a way to pay for his infrastructure plan. As negotiations continue between the White House and Senate Republicans, the president has raised a minimum corporate tax as an option. Press Secretary Jen Psaki.
GOP lawmakers oppose raising the corporate tax rate from 21 to 28 percent. So by floating an alternative, Mr. Biden is trying to give Republicans a way to back infrastructure without violating their own red line of keeping corporate tax rates at their current level.

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