Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

President Joe Biden visited Pittsburgh on March 31, 2021, where he discussed his administration's American Jobs Plan. (Photo: Jim Watson/AFP via Getty Images)

President Joe Biden discusses his administration's American Jobs Plan in Pittsburgh on March 31, 2021. (Photo: Jim Watson/AFP via Getty Images) 

Nearly Two-Thirds of US Voters Back Corporate Tax Hike to Fund Biden Infrastructure Plan

Support for the American Jobs Plan's proposed 7% corporate tax increase ranged from 42% among Republicans to 85% of Democrats.

Brett Wilkins

Roundly rejecting Republican and conservative Democratic lawmakers who oppose President Joe Biden's proposed corporate tax increase to fund the American Jobs Plan, a poll published Wednesday revealed nearly two-thirds of U.S. voters favor higher taxes on businesses to pay for the administration's $2.25 trillion infrastructure and employment legislative proposal.

"On a broad level, nearly three-quarters of voters agree that corporations should pay higher taxes, including 85% of Democrats and 59% of Republicans."
—Morning Consult

Morning Consult pollsters surveyed nearly 2,000 registered voters and found that 65% of respondents somewhat or strongly support funding the American Jobs Plan (AJP) through 15 years of higher corporate taxes, compared with just 21% who somewhat or strongly oppose the move. 

Among Democratic voters, 85% support—62% of them strongly—the tax hike, with only 15% against the increase. Sixty percent of independents and 42% of Republicans favor funding the AJP through higher corporate taxes, with 47% GOP voters opposing the proposed policy.

"On a broad level, nearly three-quarters of voters agree that corporations should pay higher taxes, including 85% of Democrats and 59% of Republicans," said Morning Consult. 

According to an analysis published Wednesday by the Penn Wharton Budget Model, Biden's proposal—under which the corporate tax rate would rise from 21% to 28%—would increase government revenue by $891.6 billion between 2022 and 2031, and by nearly $1.49 trillion between 2022 and 2036. 

The Wharton analysts further forecast that overall, the AJP would generate $2.1 trillion in tax revenue, while spending $2.7 trillion, between 2021 and 2030. The higher corporate tax rate, combined with improved U.S. infrastructure, is expected to decrease the nation's debt by 6.4% and its GDP by 0.8% in 2050. 

A separate poll published Tuesday by Invest in America and Data for Progress found that a bipartisan majority of U.S. voters—73% overall, 93% of Democrats, 67% of independents, and 57% of Republicans—support the AJP in general.  

The Morning Consult poll found even higher overall support for the plan when the proposed corporate tax hike is withdrawn, with approval rising to 83% among all voters. 

While support for the AJP's corporate tax increase is strongest among progressives—whose biggest complaint about the plan is that it doesn't do enough—prominent capitalists and financial institutions have also said they favor the measure.

On Wednesday, International Monetary Fund officials endorsed Biden's proposal, with Vitor Gaspar, the organization's fiscal affairs director, telling reporters that "the IMF has been calling for a minimum global corporate income tax rate as a way to interrupt the race to the bottom in corporate income taxation."

Jeff Bezos, the outgoing CEO of Amazon and the world's wealthiest person, said Tuesday that "we recognize this investment will require concessions from all sides—both on the specifics of what's included as well as how it gets paid for," adding, "we're supportive of a rise in the corporate tax rate." 

On the other hand, Republicans in Congress and conservative Democrats—led by Sen. Joe Manchin (W.Va.)—strongly oppose the corporate tax increase component of the AJP.


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

'Infuriating Disappointment': Biden DHS Ramping Up Deportations to Haiti

"It is unconscionable for the Biden administration to resume deportation flights to Haiti, despite the country's ongoing political, economic, and environmental disasters."

Jessica Corbett ·


Architect of Texas Abortion Ban Takes Aim at LGBTQ+ Rights While Urging Reversal of Roe

"Make no mistake, the goal is to force extreme, outdated, religious-driven values on all of us through the courts."

Jessica Corbett ·


Ahead of Canadian Election, Bernie Sanders and Rashida Tlaib Endorse NDP

"Bernie, you have fought courageously for public healthcare, affordable medication, making the rich pay their fair share, and tackling the climate crisis," said party leader Jagmeet Singh. "We're doing the same here."

Jessica Corbett ·


US Urged to End Drone Strikes After Pentagon Says Killing 10 Afghan Civilians Was 'Horrible Mistake'

"That was not a 'mistake,'" said journalist Anand Giridharadas. "War crimes are not oopsies."

Brett Wilkins ·


40+ NYC Activists Arrested for Protests Against Banks Fueling Climate Emergency

"We're sending a message loud and clear that the little action that politicians and greenwashing CEOs have taken so far does not begin to deal with the magnitude of this crisis."

Jessica Corbett ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo