Because you didn’t build that! A road took that stuff to your corporation so you could build it. So pay for it!
Don’t we pay enough taxes that roads should be covered? We pay a federal gas tax for every gallon we pump.
The Democrats are perennially under the illusion that corporations pay taxes. They don’t, particularly. They share a lot of the cost with consumers, who pay higher prices, and workers, who get less pay or lose their jobs.
Donald Trump had just decreased corporate taxes, not to unusual lows, but to put U.S. companies in a position to compete worldwide with foreign businesses that pay lower corporate taxes.
Well, forget about it.
According to the New York Times:
“President Biden intends to pay for the $2 trillion package of infrastructure spending he will propose on Wednesday with a substantial increase in corporate taxes, people briefed on the plan said Tuesday.
“The scale of the infrastructure program — one of the most ambitious attempts in generations to shore up the nation’s aging roads, bridges, rail lines and utilities — is so big that it will require 15 years of higher taxes on corporations to pay for eight years of spending, they said.
“Despite his ambitious programs, Mr. Biden had pledged that his long-term economic agenda would not add further to the growing national debt. But the fact that his proposed tax increases would not cover his spending over the same period shows the challenge he has in balancing his big goals and the deficit.
“Mr. Biden’s proposals include raising the corporate tax rate to 28 percent from 21 percent and efforts to force multinational corporations to pay significantly more in tax to the United States on profits they earn and book overseas. The corporate tax rate had been cut under President Donald J. Trump from 35 percent to 21 percent.”