President Joe Biden says his American Rescue Plan can be funded if multi-millionaires "pay their fair share" in taxes. "My Republican friends had no problem voting to pass a tax proposal that expires in 2025 that cost two trillion dollars," said Biden Wednesday at the White House. "None of it paid for, increased the deficit by two trillion dollars, gave the overwhelming percentage of those tax breaks to people who didn't need it, the top one tenth of one percent," he said. Biden has said his proposal for an aggressive series of infrastructure investments would require $2.3 trillion in spending over eight years. It would rebuild roads and bridges, bolster public education, create more than a million new jobs and would be funded by higher corporate taxes. Republican lawmakers have doubts about the scope of the proposed package and its tax hikes. "I'm open to compromise and yes, it doesn't have to be exactly what I say, but to suggest that which some of the folks are suggesting, I'm going to meet with the Republicans next week when they come back and seriously meet with them," said Biden. "I'm willing to compromise, but I'm not willing to not pay for what we're talking about. I'm not willing to deficit spend, they already have is two trillion in the hole," he said. The Biden administration hopes for a vote on the jobs plan later this summer. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake