This week saw two White House meetings where President Biden tried to deliver on his campaign promise of greater bipartisanship.

The first meeting on Wednesday was between the Republican and Democratic leaders of the House and Senate and the President. For Republican Leader Kevin McCarthy it was his first meeting with the President and he emerged with positive things to say and an apparent willingness to talk about a bipartisan infrastructure bill.

While Senate Republican Leader McConnell has taken a harsh, partisan tone towards the Biden Administration in fact the two have known each other for decades and seemed to have a good discussion during the White House talks. While the initial Republican infrastructure proposal came in with a price tag of $568B, McConnell in comments in Kentucky indicated that the Republicans may go as high as $800B which appears to be moving closer to an agreement.

Republicans have made clear that they have a “red line” against any changes in the Trump 2017 tax cuts. Biden and the Democrats have proposed increasing the corporate tax rate from the current rate of 21% up to 28%. Prior to the Trump cuts of 2017 the US corporate tax rate was one of the highest in the world at 35%, and the cut to 21% was one of the center pieces of the 2017 tax...

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