In this May 13, 2021 file photo, President Joe Biden speaks in the Roosevelt Room of the White House in Washington. Biden is asking U.S. intelligence agencies to “redouble” their efforts to investigate the origins of the COVID-19 pandemic. After months of minimizing the possibility that the coronavirus emerged from a lab accident, the administration is responding to both U.S. and world pressure for China to be more open about the outbreak. Biden said Wednesday there is insufficient evidence to conclude “whether it emerged from human contact with an infected animal or from a laboratory accident.” (AP Photo/Evan Vucci)
President Biden is trying to strike a deal with Republicans on how to pay for infrastructure improvements, proposing a 15% minimum tax on corporations.
Biden has proposed increasing the corporate tax rate to 28% from 21% to help fund his plans for roads, bridges, electric vehicles and broadband internet, and that remains one of his preferred approaches. But the rate hike is a nonstarter with Republicans because it would undo the 2017 tax cuts signed into law by President Donald Trump.
(AP Photo/Evan Vucci)