President Biden to announce $2 trillion infrastructure proposal on Wednesday

The proposal will reportedly be be paid for by increasing the corporate tax rate up to 28 percent from 21 percent, and through developing a global tax on corporate earnings.

By Alex Nitzberg

Published: March 30, 2021 10:25pm

Updated: March 30, 2021 11:05pm

Less than a month after approving a whopping $1.9 trillion coronavirus relief package, President Biden on Wednesday will unveil a $2 trillion infrastructure package.

Information regarding the plans was provided to legislators in a Tuesday call with White House staff, according to The Hill.

The Hill noted that "a source familiar with the call" confirmed to the outlet that the proposal would be paid for through increasing the corporate tax rate up to 28 percent from the 21 percent, and through developing a global tax on corporate earnings,

The president will officially reveal the proposal in Pittsburgh on Wednesday.