Yellen repeatedly stressed that the administration believes that the new spending should be paid for, and to do so, is proposing tax increases on those making at least $400,000 and on corporations, increases that roll back some of the breaks passed under the Trump administration.
Republicans have so far balked at the administration’s plan to increase taxes, arguing those efforts would be counterproductive. It’s a message Sen. Rob Portman, R-Ohio, emphasized in a separate interview on “Meet the Press,” where he called the White House proposal too broad, even as he voiced optimism about finding a bipartisan agreement.
Portman went on to criticize the idea of raising taxes, saying that corporate tax hikes will ultimately “hurt workers.” Instead, he called for raising money through things like “user fees” as well as public/private partnerships.As Biden looks for a path forward on his legislation, he faces significant pressure from progressives within his own party who want a robust plan.
jawofsteel2014 MeetThePress 'Tis True.
MeetThePress Agreed. And fairly obvious, too.
MeetThePress of course there will, we know this, because it always has following massive spending on infrastructure, always everytime always