• Tax increases to be paying for Biden's $2.25 trillion infrastructure plan - White House

Market news

31 March 2021

Tax increases to be paying for Biden's $2.25 trillion infrastructure plan - White House

  • Proposes US corporate tax rate to go up to 28% from 21%

  • Tax increases to "fully pay for the investments in this plan over the next 15 years"

  • $650 billion to be used for initiatives to improve quality of life at home

  • $620 billion to be dedicated to transportation

  • $400 billion to address improved care for the elderly, people with disabilities

  • $580 billion to strengthen US manufacturing, research and development

Gold to drop considerably as US real yield curve continues to steepen – CE
Expecting a strong 900K print for NFP - Barclays
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