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Business world divided on whether to fight corporate tax hike in Biden’s infrastructure plan

  • The U.S. business community is trying to figure out how to address President Joe Biden's $2 trillion infrastructure plan, which calls for higher corporate taxes to help pay for it. 
  • Lobbyists and other D.C. influencers told CNBC that they have received calls from anxious corporate clients eager for guidance on the path forward.
  • While several prominent business groups oppose the tax hikes, behind the scenes, some companies are considering whether to put up a fight at all because of the demand for an infrastructure bill.

President Joe Biden speaks during his first press briefing in the East Room of the White House in Washington, DC, on March 25, 2021.Jim Watson | AFP | Getty Images

The U.S. business community is trying to figure out how to address President Joe Biden's infrastructure plan, which calls for higher corporate taxes to help pay for at least $2 trillion in government spending. 

Several prominent business groups, such as the U.S. Chamber of Commerce, oppose the proposed tax hikes. Behind the scenes, though, some companies are considering whether to put up much of a fight because of corporate America's demand for an infrastructure overhaul, according to people familiar with the matter.

Lobbyists and other D.C. influencers told CNBC that they have received calls from anxious corporate clients eager for guidance on the path forward. Some of the people declined to be named in this story in order to speak freely about ongoing private conversations.  

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