Opinion from a Libertarian ViewPoint

Erie Times E-Edition Article-Highways and jobs –

Posted by M. C. on April 1, 2021

Economics expert Biden expects US to believe corporations pay taxes. Yes, they write the check but corporate taxes are costs of business. They are included in your price.

President Joe Biden’s $2trillion plan Wednesday to rebuild the nation’s aging infrastructure, support electric vehicles and clean energy, and boost access to caregivers and their pay represents a massive undertaking that would be the centerpiece of his economic agenda.

Biden wants to raise taxes on corporations to pay for the eight-year package. The proposal would increase the corporate tax rate to 28% and overhaul how the U.S. taxes multinational corporations.

Even as infrastructure generally has widespread bipartisan support, Biden faces a giant challenge. Republicans have balked at the suggestion of tax hikes and warned they would oppose a package that strays from core transportation infrastructure.

See story, Page 10A

The proposal for improving infrastructure includes fixing the 10 most ‘economically significant’ bridges in the U.S. Getty Images

President Joe Biden’s $2trillion infrastructure package would boost access to caregivers and also boost their pay. Yuki Iwamura/AP file

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