The White House is defending President Joe Biden’s new $2.3 Trillion dollar infrastructure plan as the administrations faces questions over bipartisanship and funding.
Watch the news briefing in the video player above.
The plan would go well beyond the usual commitments to roads and bridges to touch almost every part of the country.
It’s a down payment on combating climate change, a chance to take on racial inequities, an expansion of broadband, an investment in manufacturing and a reorienting of corporate taxes to pay for everything.
Biden’s proposal would gut the core of Trump’s 2017 tax cuts – an affront to many Republican lawmakers, who would also prefer that infrastructure stay in a narrow lane.
“Where there is agreement with across the political spectrum from investment and infrastructure, doing more to be competitive with China, and what we’re really talking about here is how to pay for it. And so what we’re looking for is proposals of alternatives,” said Jen Psaki, White House press secretary. “If you don’t want to raise the corporate tax rate still lower than it’s been over the last 70 years and, you know, across decades, if you don’t want to do that, if you don’t want to put in place a global minimum tax, what are the alternatives? We’re happy to hear those proposals.”
The corporate tax rate would jump to 28% from 21% under Biden’s plan, and a global minimum tax would be charged to prevent companies from avoiding taxes.
Senate Minority Leader Mitch McConnell of Kentucky called the plan a “Trojan horse” for tax hikes.
And reporters also asked about how the administration was informed about Johnson & Johnson discarding 15 million doses of its coronavirus vaccine.
Johnson & Johnson said Wednesday that a batch of vaccine made by Emergent BioSolutions at its Baltimore factory, known as Bayview, cannot be used because it did not meet quality standards.
It was unclear how many doses were involved or how the problem would affect future deliveries of J&J’s vaccine. The company said in a statement it was still planning to deliver 100 million doses by the end of June and was “aiming to deliver those doses by the end of May.”