With President Biden signing the American Relief Plan last week, congressional Democrats are eager to move on to their next big agenda item: an infrastructure and jobs package, which the White House refers to as the “Build Back Better” plan. As difficult as the COVID relief package was to pass, one thing made it slightly easier: it was obvious from the start that it would be deficit financed.
On infrastructure, it’s a very different story.
Indeed, Sen. Joe Manchin (D-W.Va.), arguably Congress’ most conservative Democrat, has expressed support for an ambitious infrastructure bill, but he’s also said he expects at least some of its cost to be offset by new revenue. Sens. Jon Tester (D-Mont.) and Angus King (I-Maine) have made similar comments.
With this in mind, Bloomberg News reported this week that the president expects “tax hikes will be a component” of his infrastructure and jobs blueprint. Soon after, White House Press Secretary Jen Psaki told reporters that while the details of the plan are still coming together, Biden remains focused on “people paying their fair share and also focusing on corporations that may not be paying their fair share.”
She added, “The president remains committed to his pledge from the campaign that nobody making under $400,000 a year will have their taxes increased.”
In other words, Biden and his team appear to be moving forward with a infrastructure and jobs plan that will likely include some tax hikes on the wealthy and an increase in the corporate tax rate, which was slashed by Republicans in 2017.
Is this the sort of thing GOP lawmakers might consider? The conservative Washington Times reported overnight:
Sen. Susan Collins, Maine Republican, burst out laughing when asked how Senate Republicans would react to Mr. Biden’s tax proposals. “I would not anticipate that it would be well received,” said Ms. Collins, who ran point for a group of Senate Republicans who were trying to strike a deal with Mr. Biden on the coronavirus relief package.
While I didn’t personally see the senator’s reaction, other reporters also heard Collins laugh when asked how her party would react to a proposal that included tax increases.








