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Several moderate Democrats are beginning to raise concerns about President Joe Biden’s new tax hikes in the $2 trillion infrastructure plan that was rolled out last week in Pittsburgh, and the margins in the House and Senate are razor-thin.
Under the tax hike proposal for the plan, the corporate tax rate would jump from 21% to 28% and raising the global minimum tax paid by corporations from 13% to 21%, among other taxes.
Let’s find a bipartisan path forward to get an infrastructure deal done to help North Jersey’s bridges and roads, and to get Gateway moving forward.
But, if there are changes to the tax codes that affect families? No SALT, no deal.https://t.co/d2HvP3Zz5T
— Rep Josh Gottheimer (@RepJoshG) April 3, 2021