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Business Groups Push Back on Tax Increase in Biden Plan: Live Updates



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Here’s what you need to know: Miami’s Signature Bridge under construction earlier this month. President Biden is expected to propose a $2 trillion package of infrastructure spending.Credit…Joe Raedle/Getty ImagesBusiness groups and large corporations reacted negatively on Wednesday to President Biden’s expected proposal to fund his $2 trillion package of infrastructure spending with a substantial increase in corporate taxes.The scale of the infrastructure program — the details of which Mr. Biden is expected to unveil later on Wednesday — is so big that is that it would require 15 years of higher taxes on corporations to pay for eight …

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