Biden had originally proposed raising the corporate tax rate from 21 percent to 28 percent as part of the plan, but many Republicans remained adamant that they wouldn’t support a change in the corporate tax rate. Biden later showed an openness to only raising the rate to 25 percent, and last week began pushing Republicans to see if they would accept any tax changes whatsoever.
It is no secret that the US is in dire need of massive overhaul. Enough budget acrobats, raise taxes on the corporate wealth and get it done.