By Ayelet Sheffey
Business Insider
September 4, 2021
“It’s time for working families, the folks who built this country, to have their taxes cut,” Biden said in remarks after the jobs report was released. “And those corporate interests doing everything they can to find allies in Congress to keep that from happening … I’m going to take them on.”
When Biden first unveiled his infrastructure plan, he proposed funding it with a corporate-tax hike to 28%, up from 21%. He said at the time he was “sick and tired of ordinary people being fleeced.”
While he’s since expressed willingness to come down from 28%, he has remained adamant that a corporate-tax hike, and raising individual income taxes on the wealthy, are vital to lifting the middle class.