Asian Open: Biden calls for $2 trillion spending splurge

Of course, someone will have to pay for all this and so far it looks like it will be corporate America and the wealthy (assuming one considers a salary over $400k per annum to be wealthy these days). Speaking in Pittsburgh, Biden pitched The American Jobs Plan which would see a large investment in infrastructure, competitiveness and job creation. But, as you can imagine, his plan to increase corporate rates rise 28% from 21% and close loopholes which allows companies to move profits overseas went down like a led balloon with conservatives and major business groups. And it was enough for Republican leader Mitch … (full story)

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