US Treasury Secretary Yellen pitches corporate tax hike to biz skeptics

Biden's proposal, called the American Jobs Plan, will help those who feel "left behind," by boosting wages and productivity, Yellen says

US Treasury Secretary Janet Yellen is urging a sceptical business community to support corporate-tax increases to help pay for the administration’s proposed $2.25 trillion investment in the nation’s infrastructure, touting greater profits.

In a speech to the US Chamber of Commerce Tuesday, Yellen will argue that the Biden administration’s proposals, “taken as a package will enhance the net profitability of our corporations and improve their global competitiveness,” according to the text of her prepared remarks. “We hope that business leaders will see it this way and support the Jobs Plan.”

The chamber is among the business lobbies that have backed President Joe