Major business groups denounced President Joe Biden’s massive infrastructure package, specifically criticizing the plan’s proposed tax increase, but said they were committed to compromise. Business groups took aim at Biden’s $2.3 trillion infrastructure plan, arguing that a corporate tax increase would stunt job growth rather than invigorate the economy. But, the groups expressed a commitment to compromise on infrastructure, which they said was important for the U.S. economy. “To the extent that infrastructure investment, given its unique economic benefits and the need for a rapid recovery from COVID-19, is deficit-funded in the short term, Congress should set a course for steady, reliable funding for infrastructure over the long term,” Business Roundtable President and CEO Joshua Bolten said in a statement prior to Biden’s announcement Wednesday. Business Roundtable members include a range of top U.S. executives, including Amazon CEO Jeff Bezos, American Airlines CEO Doug Parker, IBM CEO Arvind Krishna, JPMorgan Chase CEO Jamie Dimon and many others.