Rep. Madison Cawthorn, R-N.C., on the Biden administration\u2019s tax and spending plans, as well as reopening schools in America.\u00a0<\/p>\n
President Biden on Wednesday suggested that he is open to negotiating with Republicans on his proposed corporate tax hike, indicating that nothing that he has put forward is set in stone.<\/p>\n
When asked by a reporter whether he would consider implementing a 25% corporate tax rate instead of his proposed 28% rate, Biden said he was "open to compromising, yes."<\/p>\n
"It doesn’t have to be exactly what I say," Biden said. "I’m going to meet with Republicans next week when they come back, and seriously meet with them, I’m willing to compromise. But I’m not willing to not pay for what we’re talking about."<\/p>\n
He also said he had talked to CEOs about the proposal when asked by a reporter on Wednesday.<\/p>\n
DEMS PUSH FOR SALT CAP RELAX, REPEAL WOULD LARGELY BENEFIT THE WEALTHIEST, STUDY SHOWS<\/strong><\/p>\n Biden unveiled his $1.8 trillion American Families Plan, which focuses on education and child care, and the $2 trillion American Jobs Plan, which includes a massive infrastructure revamp.<\/p>\n He has proposed paying for each of the sweeping spending proposals through various tax increases on corporations and the wealthy.<\/p>\n