By Reuters Staff 3 Min Read NEW YORK (Reuters) - U.S. President Joe Biden offered to scrap his proposed 28% corporate tax hike during negotiations with Republicans on an infrastructure package, two sources familiar with the matter said on Thursday, in what would be a major concession by the Democratic president as he works to hammer out a deal. FILE PHOTO: U.S. President Joe Biden delivers remarks at Joint Base Langley-Eustis in Hampton, Virginia, U.S. May 28, 2021. REUTERS/Ken Cedeno Biden offered to instead set a minimum tax rate that companies should pay at 15%, sources said. In return, Republicans would have to agree to at least $1 trillion in new infrastructure spending, versus the president’s original proposal for a 2.25 trillion package.