Biden clashes with business groups over tax hike
Story Date: 4/5/2021

 

Source: Alex Gangitano, THE HILL, 4/1/21


President Biden is facing his first big test with the business community after industry leaders made clear Wednesday they will not support an infrastructure package financed in part through a corporate tax hike. The business community has long called for broad infrastructure legislation and previously embraced Biden's commitment to spend massive sums on roads, bridges and even climate change initiatives. But they’ve also warned that he would lose their support if he insisted on raising taxes for U.S. companies.

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