Biden will press U.S. companies to pay ‘acceptable’ level of tax

U.S. President Joe Biden will sharpen arguments for his $2 trillion-plus new spending proposal in a speech on Wednesday, challenging those who oppose his plan and the taxes that would be raised to pay for it.

Biden faces stiff opposition from Republicans, companies and even some in his own Democratic Party to key elements of the proposal he laid out a week ago, which must be approved by Congress to become a reality.

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