The president is proposing a 15% minimum tax on corporations as he tries to get Republican support for the program.
infrastructure
Posted inNation / World, Politics
White House gives GOP one week to reach deal on infrastructure
Republican senators last week outlined a $928 billion proposal as a counteroffer to President Biden’s $1.7 trillion plan.
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Posted inPolitics
Bipartisan group of senators prepares new infrastructure plan as talks stall
The plan is being drafted by a more than a half-dozen lawmakers including Sens. Mitt Romney and Susan Collins.
Posted inBusiness, Nation / World, Politics
Infrastructure deal in doubt after Republicans pan Biden’s latest offer
They quickly rejected the president’s new $1.7 trillion proposal as ‘well above the range’ of what could win bipartisan support.
Posted inNation / World
Biden, Republican senators upbeat after infrastructure talks
One strategy that appears to be coming into focus would be for the president to negotiate a more limited, traditional bill dealing with roads, highways, bridges and broadband as a bipartisan effort.
Posted inBusiness, Maine
Maine proposes huge boost in broadband standards for grants
As the state prepares to dole out millions for rural broadband expansion, it seeks to future-proof taxpayer-subsidized networks.
Posted inBusiness, Nation / World, Politics
In GOP stronghold, Biden pushes for his infrastructure plan
He’s proposing to pay for it by undoing the 2017 Trump tax cuts and raising the corporate tax rate from 21 percent to 28 percent.
Posted inBusiness, Nation / World
Rift between Republicans, corporate America creates opening for Biden’s tax plan
White House officials have argued to corporate executives that the tax hikes are necessary to fund large investments in public infrastructure that the business sector has long sought.
Posted inMaine, News
After meeting with Biden, King praises broadband investment plan
Maine’s junior U.S. senator, an independent, was among a bipartisan group of federal lawmakers who met with President Biden on Monday about a proposed $2.3 trillion infrastructure package.
Posted inBusiness, Nation / World, News, Politics
Biden open to compromise, but not inaction, on infrastructure plan
Sen. Joe Manchin of West Virginia, a key Democratic vote, came out Wednesday against the budget reconciliation process, which would allow Democrats to push the bill through the Senate with just a 51-vote majority.