Biden Plan to Raise Corporate Taxes ‘Concerns’ CTA, Says Shapiro

CTA agrees with “elements” of President Joe Biden’s infrastructure plan, including its efforts to update U.S. broadband (see 2103310064), “which we need now more than ever,” said CEO Gary Shapiro Thursday. “Rebuilding our infrastructure will better position the U.S. to compete with our biggest innovation rivals including China,” he said. “Extending apprenticeships -- critical to creating more pathways into tech and advancing diversity -- will strengthen the American workforce.” But CTA has “concerns” about the proposal’s plan to pay for infrastructure reforms by raising the corporate tax rate, said Shapiro.