In wake of numerous cyberattacks, GStephanopoulos presses Commerce Sec. Gina Raimondo on whether the government should do more to force businesses to protect themselves and their customers: 'It is clear that the private sector needs to be more vigilant.'
Also causing friction is how to pay for it all. Biden has sidestepped his initial call for raising the corporate tax rate to 28% and proposed creating a minimum 15% corporate tax rate. Republicans want it to be funded with user fees, but the White House has said they would not agree to do that.
If Democrats do push this forward on their own, they could face resistance from moderate Democratic Sens. Joe Manchin and Kyrsten Sinema, who oppose using the reconciliation process -- a procedural tool that could allow them to bypass minority opposition -- to get infrastructure passed. Pressed by Stephanopoulos if she's confident they will come around if bipartisan talks break down, Raimondo said,"I think they will."As Biden pushes his infrastructure plan, hiring in the U.S. remains sluggish. Following the Maythat was released on Friday, the president signaled that some extended unemployment benefits should expire in September and Stephanopoulos pushed Raimondo on whether those benefits have held Americans back from seeking employment.
"We hear it anecdotally, but I would say there's no evidence that they have significantly held back hiring," she said."Make no mistake about it though, they were necessary and they were a lifeline for Americans for the past several months during this pandemic." There were 559,000 jobs added in May and the unemployment rate is 5.8%, according to the Bureau of Labor Statistics.
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