WASHINGTON, D.C. (NAFB) – President Joe Biden’s push for more than $2 (T) trillion in infrastructure spending key for agriculture and other sectors, has run into a brick wall, care of some in his own party. Your browser doesn’t support HTML5 audio Your browser doesn’t support HTML5 audio Your browser doesn’t support HTML5 audio
Senate Democrat Joe Manchin tells Fox News he can’t vote to boost corporate taxes from 21-percent to 28-percent.
And every one of them will be needed in a 50-50 Senate, if all Republicans, including Iowa’s Chuck Grassley, vote against the effort.
Grassley was referring to agricultural producers who would face possible hikes in estate taxes and the ‘stepped-up’ basis for figuring capital gains taxes.
Missouri Republican Roy Blunt says it doesn’t have to be this way.
Including roads, bridges, waterways, ports, rural broadband and other physical improvements, though the White House is taking a more expansive view of infrastructure, driving up the bill’s cost and tax hike.