March 31, 2021 | less than a minute read

Proposed $2 trillion, 8-year infrastructure plan and push for global minimum corporate tax rate

Partner, Sub-Practice Leader, Environmental & Natural Resources

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.

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.

www.politico.com/...

Tweets on this subject

President Biden's $2 trillion, eight-year "American Jobs Plan," to be unveiled Wednesday, contains money for a smorgasbord of interests from roads to the power grid and will also include money for cleaning up abandoned mines. https://t.co/2eha9V4F4U
— POLITICO (@politico) March 31, 2021

Everything you need to know ahead of Biden’s infrastructure rollout tmrw, from a policy/Congress/WH reporting alliance@TSnyderDC @sarahnferris @zcolman @lbarronlopez https://t.co/dH5ZkJbIBA
— Elana Schor (@eschor) March 31, 2021

Here’s what’s in the $2 trillion, 8-year infrastructure plan Biden will unveil tomorrow – from me, @sarahnferris, @zcolman, @lbarronlopez, @marianne_levine, @Olivia_Beavers and @MZanona because that’s how many people it took to chase this down.https://t.co/hId2Id2QNe
— Tanya Snyder (@TSnyderDC) March 31, 2021

President Biden, today, will unveil his $2 trillion, 8-year infrastructure plan. https://t.co/F5qCfo7853 via @politico
— Gene Bryant (@GeneBryant2) March 31, 2021