Biden to GOP: “Don’t get in the way” of infrastructure planning | Business

Washington (AP)-President Joe Biden tells Congressional opponents Thursday that the White House will take advantage of unused COVID-19 bailouts from Republican Senators for a more modest investment. He warned against “obstructing” his large-scale infrastructure plans because he considered roads, highways, and other traditional public works projects.

After visiting the Manufacturing Technology Center at Cleveland’s community college, Biden rejected the coronavirus support bill in Washington, but later wrote the name of a Republican who promoted support when he returned home in front of voters. I raised the card. He warned Congress not to play a similar game in promoting this next legislative priority.

“I’m not going to embarrass anyone, but I’ll put the list here,” he said. What we have to do. “

The political debate over Mr. Biden’s ambitious proposal has rapidly evolved into a debate about the size and scope of what all agree that the country’s aging and upgrade to outdated infrastructure is very necessary. doing.

Can he break the bipartisan deal with the Republicans when the president reaches for the soaring legislative outcomes of the $ 1.7 trillion US employment plan and the $ 1.8 trillion US family plan? , Or just the Democratic vote is assessing whether the proposal needs to be pushed through

Republican senators outlined a $ 928 billion infrastructure proposal against Biden on Thursday, adding a new red line to plans to raise corporate taxes from 21% to 28% for new spending. Instead, Republicans want to direct unused COVID-19 relief money to cover the cost, but for many Democrats, this is not the beginning.

Republican senators said their proposal, raised from the original $ 568 billion, would enable Biden to focus on “core infrastructure investment” as an area of ​​potential agreement. About $ 250 billion new. Due to heavy spending, Republican plans remain far from the president’s approach. In previous negotiations, Mr Biden reduced the $ 2.3 trillion bid to $ 1.7 trillion.

“It’s a serious effort to reach a bipartisan agreement,” said Senator Shelley Moore Capito of West Virginia, who is the Republican’s chief negotiator.

When Biden left for Ohio, he called Capito and thanked him for the suggestion, but said he had told her that “this must be done soon.”

Biden toured the same school, Kaiyahoga Community College, which was scheduled to host a campaign rally in March 2020, but was first canceled by a pandemic. He argues for his return as a symbol of how much the country has returned, and argues that abandoning work and family planning will facilitate economic recovery and prepare for the coming decades. did.

“No one intends to punish,” the president said in his tax plan. But it’s time for the wealthy Americans and businesses to help invest in the country’s future, he said.

“Would you like to cut more taxes on the wealthiest people in America? I’m not resenting the money they earned. Start paying a little fair share,” Biden said.

Negotiations to move forward towards a bipartisan agreement are at a crossroads before the Memorial Day deadline. The Democratic president, who has few majority in the House of Representatives and the Senate, faces another hurdle when he abandons talks with the Republicans and tries to unite the whimsical Democrats.

Republican proposals increase spending on roads and bridges by $ 91 billion, water resources by $ 48 billion, and airports by $ 25 billion, according to a one-page summary released by GOP negotiators. right. This will temporarily increase broadband investment to $ 65 billion and $ 22 billion for rail.

Kentucky Senate Republican leader Mitch McConnell is at CNBC when the administration “is calm and realizes it doesn’t have extensive parliamentary authority to do everything it’s trying to do.” Said.

White House spokesman Jen Psaki said Biden and Capito will meet next week during Congress’s holidays.

The White House also “continues to consider other proposals we hope to emerge,” she said. A bipartisan parliamentary group, including Republican Senator Mitt Romney, is also preparing alternatives. doing.

Mr Pusaki has revealed the administration’s concerns about the misuse of pandemic funds. “We are concerned that a significant reduction in the COVID relief fund could jeopardize pending aid to SMEs, restaurants and local hospitals that will use this money to recover after the pandemic collapses,” Pusaki said. Said in a statement.

There remains a fundamental difference between the White House and Republican negotiators when it comes to defining infrastructure, although Republicans stick to traditional investments in roads, bridges, ports and drinking water systems. , Byden has a wider perspective.

Biden’s first proposal includes more than $ 300 billion for major upgrades to public schools, Department of Veterans Affairs hospitals, and affordable homes, and $ 25 billion for newly refurbished child care centers.

Byden’s proposal spends a lot of money on efforts to combat climate change, $ 174 billion to spur the electric vehicle market, including the development of charging stations, floods, hurricanes, wildfires and more We will spend $ 50 billion to cope with natural disasters.

One area of ​​the agreement is about strengthening broadband, but the details are different. Republicans raised their first proposal to $ 65 billion in a previous exchange. Biden wants $ 100 billion.

Republican Senator John Barrasso said Republican’s overall proposal reflects “people at home in Wyoming are thinking of an infrastructure with holes in the road.”

The White House still expressed public expectations for bipartisanism and welcomed the proposal. It is $ 928 billion over eight years and includes $ 257 billion in new funding. That’s more than the $ 225 billion White House stated in its first Republican proposal. But it’s still far less than the White House wanted.

Republican Senator Pat Toomey said there was $ 700 billion in unused COVID-19 aid from the US rescue program, the government’s $ 1.9 trillion response to the coronavirus crisis earlier this year.

Toomey said some of that money could bridge the gap between the amount of income normally collected from transportation taxes and fees and the new spending proposed by Republican Senators.

But a Republican negotiator said, “Every time we talk, it’s very clear that we’re not raising taxes.”

Biden to GOP: “Don’t get in the way” of infrastructure planning | Business

Source link Biden to GOP: “Don’t get in the way” of infrastructure planning | Business

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