Fri, 23 Apr 2021

WASHINGTON D.C.: Following the announcement of the Biden administration seeking $2.3 trillion to fund a major U.S. infrastructure program by raising corporate taxes, the White House has since rejected corporate demands that a gasoline tax be increased to fund the bill.

Biden has proposed raising the corporate tax rate to 28 percent from 21 percent. Further, he has said corporations will not be able to avoid paying taxes by creating off-shore tax havens.

Following the announcement about the program on Wednesday, Republicans in Congress stated their opposition to the bill, along with the National Association of Manufacturers and business lobbies, such as the U.S. Chamber of Commerce and Business Roundtable.

Besides the Chamber, pro-business thank-tanks have also said taxes should be raised on motorists.

They note that U.S. fuel taxes are some of the lowest in the world, and have not been increased since 1993.

Additionally, business groups advocated creating a new mileage tax that would include electronic vehicles.

However, White House Press Secretary Jen Psaki said on Thursday that the White House would not support funding the infrastructure program by raising gas taxes.

"We don't agree with that, we don't believe that the cost should be on the back of the American people," she said.

"We believe that corporations should be able to bear the brunt for investing in America's workers."


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