President Joe Biden took on Republican criticism of his $2.3 trillion infrastructure plan on Wednesday, defending plans that go way beyond repairing roads, bridges, and airports.
He warned the United States risks falling behind China if it does not invest now in the sort of technology that would keep the nation innovating.
Critics have accused him of driving business out of the country with plans for an increase in corporate tax rates and say he is using the term “infrastructure” to include a grab bag of liberal priorities.
But Biden said infrastructure had always been an evolving word and that at 28%, his tax increase meant corporations merely would be paying their fair share.
“Do you think China is waiting around to invest in its digital infrastructure or research and development?” he said.
“I promise you, they are not waiting,” the president said. “But they’re counting on