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The Biden administration may not attempt to cover the entire cost of the infrastructure plan and instead put it on the …
Subscriber Account active since The Biden administration may not attempt to cover the entire cost of the infrastructure plan and instead put it on the equivalent of the nation’s credit card, as it did the $1.9 trillion stimulus passed in March. Asked whether financing the entire plan was a red line for President Joe Biden, White House Press Secretary Jen Psaki responded on Tuesday: « His only red line is inaction. » « He is happy to hear, as he did yesterday, proposals that members have — whether it is to have a lower increase on the rate on corporations, whether there is proposals to pay for this plan in a different way, » she said at a daily news briefing. The remarks indicate the administration is open to not paying for the entire proposal by a set of tax hikes on multinational corporations.
