Biden open to compromise with GOP on spending plans but stands by call for corporate tax increases

Republicans have bristled at Biden’s American Jobs Plan, saying the $2 trillion dollar price tag is too high for Americans, especially those earning more than $400,000. Senate Minority Leader Mitch McConnell (R-Ky.) said Wednesday that he is “100 percent focused” on stopping the Biden administration from moving forward with the president’s agenda. While the economic proposal is popular with most Americans, according to surveys, prominent business organizations, including the U.S. Chamber of Commerce, have come out against the effort.