It seems Senate Minority leader Mitch McConnell and President Biden are back on speaking terms. The Kentucky senator revealed that the President called him to discuss his forthcoming infrastructure bill in an attempt to sway Republicans to support the massive piece of legislation. The proposed bill includes massive corporate tax hikes and McConnell along with many Republicans have already signaled they will not support the bill.
The bill would increase the corporate taxes up from 21 percent to 28 percent. In 2017, the Trump administration cut the corporate tax rate down from 35 percent, with his popular Tax Cuts and Jobs Act.
The Hill reports:
“He called me about it yesterday,” McConnell told reporters in Kentucky about his talk with Biden.
McConnell, on Wednesday, signaled that he was “not likely” to support the final bill if it included raising taxes or deficit spending, even if it included funds for infrastructure projects in Kentucky.
McConnell said the plan includes “not only significantly more borrowing but raising taxes on the most productive parts of our economy,” adding that Congress wasn’t in a “very bipartisan period.”
“This is not going to be apparently an infrastructure package. It’s like a Trojan horse. So it’s called infrastructure but inside the Trojan horse is going to be more borrowed money and massive tax increases,” he said.
Former President Trump blasted Biden’s plan calling it an attack on the American Dream.