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PBS Newshour

How Biden's infrastructure plan aims to tax offshore profits

Season 2021 Episode 98 | 5m 37s

One major way that President Joe Biden and his team propose paying for his $2 trillion infrastructure plan is by revamping the way U.S. corporations pay taxes. As Amna Nawaz reports, the plan would both raise tax rates, and go after the ways some large companies record profits overseas. Jesse Drucker covers taxes and tax havens for The New York Times and joins us to discuss.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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