White House issuing reports on states’ infrastructure needs

Biden Admin Unveils Corporate Tax Hikes, to Fund Infrastructure Plan.The plan seeks to raise $2.5 trillion over the course of 15 years.In order to achieve this, sweeping changes to the corporate tax code would be enacted.and the corporate tax rate would be raisedfrom 21 percent to 28 percent.Part of the changes would be made in order to close loopholes in the tax code ...... that have been exploited by major American companies, often allowing them to pay zero taxes in a given year.Prior to the Trump administration, the corporate tax rate was 35 percent.Corporate reaction to the plan has been mixed, with some business community members claiming that it "threatens to subject the U.S. to a major competitive disadvantage.".The co-founder of Lyft, John Zimmer, had a different opinion about the tax plan.I think it’s important to make investments again in the country and the economy, John Zimmer, Lyft Co-Founder, via 'The New York Times'

WASHINGTON — The Biden White House is amplifying the push for its $2.3 trillion infrastructure package with the release of state-by-state breakdowns that show the dire shape of roads, bridges, the power grid and housing affordability.

The figures in the state summaries, obtained by The Associated Press, paint a decidedly bleak outlook for the world’s largest economy after years of repairs being deferred and delayed. They suggest that too much infrastructure is unsafe for vehicles at any speed, while highlighting the costs of extreme weather events that have become more frequent with climate change as well as dead spots for broadband and a dearth of child care options.

President Joe Biden is scheduled to meet Monday afternoon with Republican and Democratic lawmakers and can use the state summaries to show that his plan would help meet the needs of their constituents.

Drawn from an array of private and public data, the reports show there are 7,300 miles of highway in Michigan alone that are in poor condition. Damaged streets in North Carolina impose an average yearly cost of $500 on motorists. Iowa has 4,571 bridges in need of repair. There is a roughly 4-in-10 chance that a public transit vehicle in Indiana might be ready for the scrap yard. Pennsylvania’s schools are short $1.4 billion for maintenance and upgrades.

The administration is banking that the data will confirm the everyday experiences of Americans as they bump over potholes, get trapped in traffic jams and wait for buses that almost never correspond to published schedules. There is already a receptive audience to the sales pitch, and the strategy is that public support can overcome any congressional misgivings.

“We don’t have a lot of work to do to persuade the American people that U.S. infrastructure needs major improvement,” Transportation Secretary Pete Buttigieg said on Fox News Channel’s “Fox News Sunday” ahead of the reports’ release. “The American people already know it.”

Republican lawmakers have been quick to reject the infrastructure proposal from Biden. They say just a fraction of the spending goes to traditional infrastructure, as $400 billion would expand Medicaid support for caregivers and substantial portions would fund electric vehicle charging stations and address the racial injustice of highways that were built in ways that destroyed Black neighborhoods.

The reports give some data to back up their argument that more money should be spent on roads and bridges. Biden’s plan would modernize 20,000 miles worth of roadways, but California by itself has 14,220 miles of highway in poor condition.

Republican lawmakers also object to funding the package by increasing the corporate tax rate from 21% to 28% and increasing the global minimum tax, among other tax changes including stepped-up IRS enforcement being proposed by the Biden administration.

“This is a massive social welfare spending program combined with a massive tax increase on small-business job creators,” Sen Roger Wicker, R-Mississippi, said on ABC’s “This Week” on Sunday. “I can’t think of a worse thing to do.”

Yet the state-by-state reports make clear that many of the people Wicker represents could benefit from the package, an aspect of the Biden effort to engender the backing of voters across party lines.

Wicker was among four Republicans on the White House guest list for Biden’s Monday meeting, along with Sen. Deb Fischer of Nebraska and Reps. Garret Graves of Louisiana and Don Young of Alaska. Democrats on the list were Sens. Maria Cantwell of Washington and Alex Padilla of California and Reps. Donald Payne Jr. of New Jersey and David Price of North Carolina.

Mississippi needs $4.8 billion for drinking water and $289 million for schools. Nearly a quarter of households lack an internet subscription, and a similar percentage lives in areas without broadband. Mississippians who use public transportation have to devote an extra 87.7% of their time to commuting.