Biden gets positive GOP reviews after infrastructure meeting, a hard no on corporate tax hike
President Biden hosted a bipartisan group of eight lawmakers in the White House on Monday evening to discuss his $2.25 trillion American Jobs Plan, and Republican attendees said afterward the president seemed genuinely interested in their input. "I'm prepared to negotiate as to the extent of my infrastructure project, as well as how we pay for it," Biden said in the two-hour Oval Office meeting. "Everyone acknowledges we need a significant increase in infrastructure."
"Those are all the exact words that I wanted to hear going into the meeting," Rep. Garret Graves (R-La.), a member of the House Transportation and Infrastructure Committee, told The Associated Press. "And so that was really encouraging." At the very least, Sen. Alex Padilla (D-Calif.) added, "Nobody stormed out yelling 'no.'"
Biden said he is serious about seeking bipartisan support for the bill — "I'm not big on window-dressing, as you've observed," he said — but the Republicans in the meeting repeated objections about the ambitious scope of Biden's proposal, his expansive definition of infrastructure, the price tag, and especially Biden's plan to pay for the bill by raising the corporate tax rate to 28 percent, from 21 percent. Some Republican participants suggested raising the gas tax.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sen. Roger Wicker (R-Miss.), the top Republican on the Senate Commerce Committee, said Biden was "highly engaged" and the meeting went "well," but reversing the GOP's corporate tax cut is a nonstarter. "I view the 2017 tax bill as one of my signature achievements in my entire career," Wicker said. "It would be an almost impossible sell for the president to come to a bipartisan agreement that included the undoing of that signature."
Cedric Richmond, the White House director of public engagement, said "no one in business" wanted the corporate rate lowered from 35 percent all the way to 21 percent rate in the GOP's top-heavy tax overhaul, and he's reminding business leaders "we would be bringing the rate back to the neighborhood they wanted in the first place. And at the same time, we could fix infrastructure."
Biden and his fellow Democrats have made clear they are willing to try to go it alone if there's no GOP interest in good-faith negotiations, but that would leave no room for error in the ideologically disparate Democratic caucus, with its razor-thin control of Congress. At the same time, Biden's proposal is broadly popular even among Republican voters, as is paying for it by taxing corporations.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
The rise of runcationsThe Week Recommends Lace up your running shoes and hit the trails on your next holiday
-
Amorim follows Maresca out of Premier League after ‘awful’ seasonIn the Spotlight Manchester United head coach sacked after dismal results and outburst against leadership, echoing comments by Chelsea boss when he quit last week
-
January’s books feature a revisioned classic, a homeschooler's memoir and a provocative thriller dramedyThe Week Recommends This month’s new releases include ‘Call Me Ishmaelle’ by Xiaolu Guo, ‘Homeschooled: A Memoir’ by Stefan Merrill Block, ‘Anatomy of an Alibi’ by Ashley Elston and ‘Half His Age’ by Jennette McCurdy
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
