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Biden starts selling major corporate tax hikes while opening the door to a compromise

Biden starts selling major corporate tax hikes while opening the door to a compromise with Republicans jzeballos@businessinsider.com (Joseph Zeballos-Roig,Ayelet Sheffey) © Kevin Lamarque/Reuters President Joe Biden meets with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, January 29, 2021. Kevin Lamarque/Reuters The Biden administration released a sales pitch for its proposed corporate tax hikes. They project raising $2.5 trillion over 15 years to finance the entire proposed infrastructure package. Biden said he is willing to hear ideas from the GOP on infrastructure, opening the door to possible compromise. The Biden administration unveiled a proposal for a series of corporate tax hikes on Wednesday, projecting they would raise $2.5 trillion over 15 years to cover all of their infrastructure spending. Soon afterward, President Joe Biden signaled an openness to compromise with Republicans on the size of a corporate tax

Uber and Lyft s long wait for a rebound in demand signals slow economic recovery

Uber and Lyft s long wait for a rebound in demand signals slow economic recovery Toggle share menu Advertisement Uber and Lyft s long wait for a rebound in demand signals slow economic recovery With the pandemic still suppressing ridesharing demand, Wall Street is keen to know how soon Uber Technologies Inc and Lyft Inc expect a rebound and how they plan to keep costs under control until then. FILE PHOTO: A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake 09 Feb 2021 03:45AM Share this content

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