AP FACT CHECK: Biden's job inflation on infrastructure

apnews.com
4 min read
fairly easy
WASHINGTON (AP) — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected...
Traffic moves over the George Washington Bridge as seen from Fort Lee, N.J., Tuesday, April 6, 2021. President Joe Biden is setting about convincing America it needs his $2.3 trillion infrastructure plan, deputizing a five-member "jobs Cabinet" to help in the effort. But the enormity of his task is clear after Senate Minority Leader Mitch McConnell's vowed to oppose the plan "every step of the way." (AP Photo/Seth Wenig)

Traffic moves over the George Washington Bridge as seen from Fort Lee, N.J., Tuesday, April 6, 2021. President Joe Biden is setting about convincing America it needs his $2.3 trillion infrastructure plan, deputizing a five-member "jobs Cabinet" to help in the effort. But the enormity of his task is clear after Senate Minority Leader Mitch McConnell's vowed to oppose the plan "every step of the way." (AP Photo/Seth Wenig)

Tuesday. Biden has also drifted beyond the facts when dismissing the potential downsides of the tax increases needed to pay for all those roads and bridges.

A look at the administration's infrastructure sales pitch over recent days:

CORPORATE TAXES

BIDEN, when asked if his proposed corporate income tax increase would drive U.S. companies overseas: "Not at all...because there's no evidence to that...that's bizarre." — remarks to reporters Monday.

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THE FACTS: Hardly bizarre. Biden's administration is aware that lower tax rates abroad could tempt U.S. companies to move. Whether the proposed tax increase would be big enough to have that effect is another matter.

The same day Biden made his comments, Treasury Secretary Janet Yellen endorsed a global minimum corporate tax rate precisely to prevent countries from cutting rates to entice businesses…
Christopher Rugaber
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