Speaking to reporters in Washington after spending Easter weekend at the Camp David presidential retreat in Maryland, Biden again took aim at the 50 or 51 corporations on the Fortune 500 list that paid no taxes at all for three years, saying it was time for them to pay their share.
US President Joe Biden rolled out his infrastructure plan last week, particularly asking to increase the corporate tax rate from 21% to 28%, while also skyrocketing the global minimum tax on US corporations, to 21% from 13%.
Biden's predecessor, Donald Trump, and Republican lawmakers cut the corporate rate to 21% in 2017 from 35%.
Billed "The American Jobs Plan", Biden's proposal would heavily invest in rebuilding the nation's crumbling infrastructure and shift to greener energy over the next eight years.
Joe Manchin (W.Va.) announced on Monday he does not support President Biden's $2 trillion infrastructure bill as it now stands, effectively killing the legislation's prospects until changes are made.
Sen. Joe Manchin, an influential centrist Democrat from West Virginia, warned earlier Monday that the Biden package can't pass in its current form because he and a handful of other Senate Democrats believe the corporate tax hikes proposed in the bill - created to offset its costs - are too steep.
The White House conceded on Monday that Senate Democrats such as Sen.
But Manchin said at least six or seven other Democrats agreed with him about corporate tax rates, and he stated his opposition to the package. "That will all need to be weighed ... with leaders in Congress".
Still, Biden has said he would invite Republicans into the Oval Office at the White House and listen to their thoughts on his infrastructure proposal.
But the International Monetary Fund backed the overall idea of richer countries using taxes to reduce inequalities exposed by the COVID-19 pandemic, including progressive income taxes, inheritance and property taxes, and taxes on "excess" corporate profits.
The Republican senator said he regrets the plan because it provided more funding for electric vehicle charging stations than upgrading infrastructure such as roads. "Everybody else in the rest of the world is investing in infrastructure and we're going to do it here".
"What the president proposed this week is not an infrastructure bill".
Sen. Ron Wyden, a Democrat from OR and chairman of the Senate Finance Committee, said in a statement Monday: "I'm pleased by the parliamentarian's ruling that budget resolutions can be revised, allowing us to consider moving additional bills through the reconciliation process".
Roy Blunt, the chairman of the Senate Republican Policy Committee, called on Democrats to focus on the traditional pillars of infrastructure, "roads, bridges, ports and airports."- and not Biden's more expansive spending projects to create jobs, fight climate change, and tackle an ever-stronger China. He vowed to fight it "every step of the way".