President Biden proposed a $2.3 trillion jobs and infrastructure plan that was paid for by requiring corporations to start paying their fair share. Now, Senate Republicans (with a bunch of moderate Democrats joining them) have proposed a plan that is a recycled version of Donald Trump’s discredited 2017 “infrastructure plan.”
It’s a bad deal for the American people and would violate President Biden’s red line to not raise taxes on people making less than $400,000 a year.
The Republican deal is reportedly paid for by using unspent COVID-19 relief funds; instituting an electric vehicle mileage tax; indexing the gas tax for inflation, meaning higher consumer costs at the pump; and privatizing public assets, thereby making working families pay more.
And, while corporations will benefit enormously from improvements to roads, bridges, ports, waterways, airports and more, they won’t pay a dime more in taxes.