By JOHN KANELIS / johnkanelis_92@hotmail.com
President Biden says, to borrow a phrase, that “doing nothing is not an option” with regard to improving our nation’s infrastructure.
However, he has stated his willingness to negotiate with members of Congress over the scope of the tax increases he will insist on to pay for the $2.25 trillion package.
The way I read it is that Biden isn’t casting the proposed 28 percent corporate tax rate in stone. Or, if he is, the president is willing to work with the numbers while the stone is hardening.
He said he is tired of middle Americans getting “fleeced” by a tax structure that gives rich Americans too much of a break while foisting the tax burden on the not so wealthy. He accused Republicans in Congress and Donald Trump of doing that when they approved the 2017 tax cut over the objection of Democrats in the House and Senate. Biden is prepared to play the same partisan game to get his infrastructure plan enacted.
However, he is willing to wiggle around a little on the tax burden he insists must be borne by those who can afford it.
I am OK with that. Just get something done to fix our roads, bridges, airports, seaports and Internet.
You should read the Wall ST. today in the comment section on the real condition of our infrastructure. I do believe we need the bridges looked out first. But his proposal is full of huge spending unrelated to infrastructure. Am I wrong?
It is a comprehensive package.
He’s trying to redefine what infrastructure actually is.