“eI am tired and tired of seeing big corporations in the US fail to pay their fair share, ”Biden slammed in Louisiana.
The stopover in the southern state of the country is part of the US head of state’s trip to present his $ 2.3 billion (nearly two billion euros) infrastructure plan.
In Louisiana – the state that her opponent, former Republican President Donald Trump, won in the November 3 presidential election – Biden insisted the plan would not exacerbate the nation’s deficit as it would be funded by hefty corporate taxes.
Companies that, in the president’s view, have benefited from numerous tax breaks and cuts in recent years, it is now time to “reciprocate.”
Democratic administration proposes to reverse these benefits, while increasing corporate tax, from 21% to 28%, as well as raising taxes on higher income and higher-capital companies.
He advocated that these administration plans, as well as the massive vaccination campaign taking place across the country, are the “keys” to the US economic recovery after the crisis caused by the pandemic.
Referring to the ongoing struggle in Congress due to the assertiveness provided by the White House to boost the country’s economy severely affected by the epidemic, the Democrat said that the benefit of the agreement is for all Americans, stressing that he “never” saw “a republican or democratic path.”
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