Biden speech latest updates – President to push $2.3trillion infrastructure plan in Lake Charles, Louisiana

PRESIDENT Joe Biden will push the case for his $2.3trillion infrastructure plan in Louisiana – directly challenging GOP lawmakers who say that low taxes for corporations and the wealthy will fuel economic growth.

Biden will be speaking Thursday in the city of Lake Charles in front of a 70-year-old bridge that is 20 years past its designed lifespan.

Biden is trying to convince Republican voters on the idea that higher corporate taxes can provide $115billion for roads and bridges and hundreds of billions of dollars more to upgrade the electrical grid, make the water system safer, rebuild homes and jump-start the manufacturing of electric vehicles.

He’s proposing to pay for his plan by undoing the 2017 tax cuts signed into law by President Donald Trump and raising the corporate tax rate from 21 percent to 28 percent.

Biden says his programs would bolster the middle class and make the country stronger than tax cuts for big companies and CEOs.

However, Republican lawmakers have doubled down on low taxes as a core pillar of their ideology and partisan identity.

Several GOP senators favor spending $568billion on infrastructure over five years, a small fraction of what the Democratic president has proposed – a sign of how difficult a deal might be.