Reuters reported last week that Biden announced a massive shift in his
fiscal policy, cutting (not raising) corporate taxes even further than
had Trump, AND cutting his proposed infrastructure spending bill by
hundreds of billions of dollars more following his last week’s proposed
spending cuts from $2.25T to $1.7T.
The announcement by Biden is clearly a capitulation to corporate
interests, McConnell and Republicans of truly historic dimensions. It’s
a ‘double reversal’, not only cutting corporate taxes instead of raising
them, but unilaterally, and without obtaining any concessions from
Republicans, slashing his infrastructure spending proposals further
again, than a week after his prior spending cut of $550B.
https://www.counterpunch.org/2021/06/07/biden-capitulates-cuts-corp-taxes-cuts-infrastructure-spending/
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