Since the corporation tax measure isn’t a gamechanger, there’s little reason to do it now, when the economy is still depressed. By presenting the infrastructure bill as an item which comes alongside a hike in corporation tax, Biden has enabled Republicans to accuse him of forcing them to choose between public and private investment. With a recession still underway, the obvious alternative is to pursue both paths at once, and to raise taxes only when the economy is fully recovered and inflation becomes a pressing concern. While it’s true that Biden may struggle to raise rates after the mid-terms, he is more likely to lose the mid-terms if he undermines the recovery with a tax hike. The hike also makes it more difficult to pass the infrastructure spending, as Republicans–and even some Democrats–are more bothered by the rate hike than they are upset by the scale of the spending.