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PBS News Hour

How Biden's infrastructure plan aims to tax offshore profits

One major way that President Joe Biden and his team propose paying for his $2 trillion infrastructure plan is by revamping the way U.S. corporations pay taxes. As Amna Nawaz reports, the plan would both raise tax rates, and go after the ways some large companies record profits overseas. Jesse Drucker covers taxes and tax havens for The New York Times and joins us to discuss.