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Biden Says He’s Open to Compromise on Corporate Tax Hike

  • President has proposed raising corporate rate to 28% from 21%
  • Democrat Senator Manchin said he could support 25% tax rate
Updated on

President Joe Biden said Wednesday he’s open to compromise to reduce his proposed hike in the corporate tax rate as he seeks to fund his sweeping infrastructure and jobs proposal.

“I’m open to compromising, yes. It doesn’t have to be exactly what I say,” Biden said at the White House when asked if he would accept raising the corporate tax rate to 25% instead of the 28% he has proposed.