April 11, 2021

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10 things you need to know today: April 8, 2021

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President Biden said Wednesday that he would consider reducing the corporate tax hike he’s proposing to pay for his more than $2 trillion infrastructure and jobs plan, but he added that doing nothing was not an option. Republicans oppose Biden’s call for raising the corporate tax rate to 28 percent from the 21 percent established in former President Donald Trump’s 2017 tax cut, and even some moderate Democrats are against raising the rate beyond 25 percent. “Debate is welcome. Compromise is inevitable. Changes are certain,” Biden said, adding that he would invite Republican lawmakers to the White House to discuss the proposal. Biden’s plan calls for building roads and bridges, expanding broadband internet access, caring for the elderly, building high-speed rail, and other projects over eight years. [Reuters]

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