Biden: Everyone Else In The World Is Investing Billions And Billions In Infrastructure, We Are Too

President Biden stopped for a moment to take some questions from members of the press on his way to the White House on Monday. "Are you worried that a higher tax will drive corporations away from the country?" one reporter asked. "Not at all," Biden said. "There's no evidence of that." "The idea you've got companies in the Fortune 500 that haven't paid a single penny in tax for 3 years. Come on man," Biden said. Biden also spoke about the infrastructure bill taking shape in Congress: "I'm going to push as hard as I can, to compete with the rest of the world." "Everyone else in the rest of the world is investing billions and billions of dollars in infrastructure and we're going to do it here," he said. QUESTION: --Are you afraid that a higher tax will drive corporations out of the country-- BIDEN: --Not at all-- QUESTION: --First? BIDEN: Not at all. Look-- QUESTION: --Why not? BIDEN: Because there's no evidence of that. The tax was 36 percent. It's now down to 21 percent. And the idea that that--that's bizarre. We are talking about a 28 percent tax that everybody's always pay--paying out for everybody. The idea that you got--here you have 51 or 52 corporations of the Fortune 500 haven't paid a single penny in tax for three years, come on, man. QUESTION: How about-- BIDEN: --That's unreal. QUESTION: Mr. President? BIDEN: I'll have a lot to talk about. QUESTION: Other than--other than how to pay for the plan, where is the room for negotiation with the Republicans? What parts of your plan are you willing to do away with, given the definition of infrastructure here is so different? BIDEN: And I'm not going to negotiate with you on that. QUESTION: Well, no, but what would you-- BIDEN: --No. But, I mean, why would I say that? QUESTION: What would you tell the American people about where you-- BIDEN: --What I'm telling them-- QUESTION: --You're willing to compromise-- BIDEN: --Is, well, I'm going to push as hard as I can to change the circumstance so we can compete with the rest of the world, compete with the rest of the world. Everyone around the world is investing billions and billions of dollars in infrastructure. We're going to do it here. Thank you.

Biden: Everyone Else In The World Is Investing Billions And Billions In Infrastructure, We Are Too
President Biden stopped for a moment to take some questions from members of the press on his way to the White House on Monday. "Are you worried that a higher tax will drive corporations away from the country?" one reporter asked. "Not at all," Biden said. "There's no evidence of that." "The idea you've got companies in the Fortune 500 that haven't paid a single penny in tax for 3 years. Come on man," Biden said. Biden also spoke about the infrastructure bill taking shape in Congress: "I'm going to push as hard as I can, to compete with the rest of the world." "Everyone else in the rest of the world is investing billions and billions of dollars in infrastructure and we're going to do it here," he said.
QUESTION: --Are you afraid that a higher tax will drive corporations out of the country-- BIDEN: --Not at all-- QUESTION: --First? BIDEN: Not at all. Look-- QUESTION: --Why not? BIDEN: Because there's no evidence of that. The tax was 36 percent. It's now down to 21 percent. And the idea that that--that's bizarre. We are talking about a 28 percent tax that everybody's always pay--paying out for everybody. The idea that you got--here you have 51 or 52 corporations of the Fortune 500 haven't paid a single penny in tax for three years, come on, man. QUESTION: How about-- BIDEN: --That's unreal. QUESTION: Mr. President? BIDEN: I'll have a lot to talk about. QUESTION: Other than--other than how to pay for the plan, where is the room for negotiation with the Republicans? What parts of your plan are you willing to do away with, given the definition of infrastructure here is so different? BIDEN: And I'm not going to negotiate with you on that. QUESTION: Well, no, but what would you-- BIDEN: --No. But, I mean, why would I say that? QUESTION: What would you tell the American people about where you-- BIDEN: --What I'm telling them-- QUESTION: --You're willing to compromise-- BIDEN: --Is, well, I'm going to push as hard as I can to change the circumstance so we can compete with the rest of the world, compete with the rest of the world. Everyone around the world is investing billions and billions of dollars in infrastructure. We're going to do it here. Thank you.