- President Biden introduced a new plan to pay for parts of the $2 trillion infrastructure plan. The plan keeps the corporate tax rate at 21 percent for companies earning more than $5 million a year, rather than increasing it to 26.5 percent. The administration is also reviving the idea of a minimum corporate tax rate, similar to the 15 percent rate Biden had proposed earlier this year, and considering a new billionaires’ tax that would impact fewer than 1,000 Americans. (Article here)
- The White House released its plan to vaccinate children between the ages of five and 11, pending the FDA authorizing the first COVID-19 shot for that age group. The White House said it has secured enough vaccine supply to equip more than 25,000 pediatric and primary care offices, hundreds of school and community health clinics, as well as tens of thousands of pharmacies, to administer the shots. (Articles here, here, here, here, and here)
October 21, 2021
D.C. News