Bloomberg Tax
June 9, 2021, 6:49 PM

Romney, Senators Craft Infrastructure Plan Without Tax Hikes (1)

Erik Wasson
Erik Wasson
Bloomberg News
Laura Davison
Laura Davison
Bloomberg News
Laura Litvan
Laura Litvan
Bloomberg News

The Biden administration is expecting a new infrastructure proposal this week from a bipartisan group of lawmakers, but those legislators are moving forward without any of the tax hikes the president has demanded to pay for his plan.

The group of senators -- which includes at least five Democrats and a handful more Republicans -- has decided against using corporate or individual income tax increases to pay for spending on infrastructure projects, according to a senator involved in the talks.

“There are no tax increases. That is a red line for us,” said Mitt Romney, a Utah Republican who’s ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.