What happened: President Joe Biden responded to criticism of his American Jobs Plan (AJP) this week by saying, “Compromise is inevitable. Changes are certain.” His preliminary budget proposal for Fiscal Year 2022 released April 9 did not include new details on the AJP or a surface transportation reauthorization bill. Biden vowed to listen to concerns over raising the corporate income tax rate from 21 percent to 28 percent.
What’s next: Biden and Vice President Kamala Harris plan to meet next week with bipartisan stakeholders from the House and Senate to seek a path forward on an infrastructure bill. The administration said it will release a full budget proposal in late spring that will tie together the preliminary proposal and the AJP.