The Biden Administration is betting big on a massive $2 trillion infrastructure bill that includes significant incentives/investments in EVs, highways, water systems, broadband, supply chain issues and more. Interesting, the plan is to finance the bill by increasing corporate tax rates and pushing for a global uniform minimum corporate tax rate to keep American companies from moving overseas.
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Proposed $2 trillion, 8-year infrastructure plan and push for global minimum corporate tax rate
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National Economic Council Director Brian Deese said on the call that the plan would be paid for by changes to the corporate tax rate, including an effort already underway by the administration to achieve worldwide agreement on setting a global minimum corporate tax rate so that corporations could no longer pit countries against each other in search of the lowest rate.
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