The world's largest business organization, which has existed since 1912, added that is "strongly" opposes "the general tax increases proposed by the administration which will slow the economic recovery and make the USA less competitive globally - the exact opposite of the goals of the infrastructure plan".
"Our infrastructure is crumbling", the president said during a speech in Pittsburgh, the second most-populated city in the state of Pennsylvania, which has emerged from the downfall of the domestic steel industry.
"In fact, it's the largest American jobs investment since World War II".
"No one making under $400,000 will see their federal taxes go up, period".
"This is not to seek retribution".
He proposed to fund it by raising taxes on companies and rich Americans whom he said don't pay their fair share.More news: Biden's dog bites another White House employee
Conservative lawmakers and lobbyists are anxious that the business community opposition to the proposed tax increases, which include a 21% minimum tax on global corporate earnings, won't be as strong as the campaign to support the 2017 Republican tax overhaul that lowered the corporate rate, according to a conservative tax lobbyist who asked not to be named discussing the situation.
"I have nothing against millionaires and billionaires". And it won't cost you a single solitary penny.
The coming months will test the negotiating skills of Biden, a veteran Washington dealmaker, to the limit, and the chances of his infrastructure plan becoming law remain uncertain.
"Our nation could use a serious, targeted infrastructure plan", he said in a statement.
Congressional Democrats say they are ready to deliver on Biden's agenda, but they also note that a two-part, sweeping $4 trillion-plus proposal will be received in a very different manner than Biden's first significant legislative victory.
Business groups blasted Mr. Biden's intention to have them fund it.More news: Suspect in Colorado shooting bought gun legally
The US Chamber of Commerce backed the infrastructure push, but said Biden's proposal was "dangerously misguided" over how to fund it.
For example, technology companies are more likely to oppose the 15% minimum tax on book income in Biden's plan, the person said - especially a company like Amazon.com Inc, that's both a tech company with research-and-development investment and a company that owns retailers like Whole Foods Market Inc with brick-and-mortar stores.
"I want everyone to do well", said Biden.
"I don't think you'll find a Republican today in the House or Senate. who doesn't think we have to improve our infrastructure".
"We will have a good-faith negotiation", he said.
"Americans don't need a lot of selling to know that we've got to do big things when it comes to our infrastructure".More news: Police release video showing man attacking Asian American woman as witnesses watch