NewsUS Republicans unveil infrastructure counteroffer under $1tn

US Republicans unveil infrastructure counteroffer under $1tn

-

Washington, United States: US Senate Republicans on Thursday proposed a $928 billion counteroffer to President Joe Biden’s already pared-down infrastructure plan, as the opposing sides squabble over expanding the funding beyond traditional roads, public transport, and ports.

The negotiations are seen as a crucial nexus for bipartisanship in a deeply divided Washington, with all eyes on whether the White House and Republicans reach a deal or Biden’s Democrats move to pass the huge measure without opposition buy-in.

The White House had proposed reducing the cost of the $2.3 trillion American Jobs Plan to $1.7 trillion by having other bills cover some of the projects it would pay for and cutting out some spending altogether.

Republicans rejected the comedown as insufficient. Their new roadmap is “a serious effort to try to reach a bipartisan agreement,” Senator Shelley Moore Capito told reporters as she introduced her party’s counteroffer.

“We believe that the alternative, which is a partisan reconciliation process, would be destructive to our future bipartisan attempts but also doesn’t serve the American public and wouldn’t get us to an infrastructure package such as the one we believe would serve the American interests.”

Biden’s original plan included expanding broadband to all Americans, and Republicans are on board with internet improvements.

But they balked at other provisions including investing in public housing, modernizing public schools, improving care services under Medicaid, and increasing climate change resiliency through projects like retrofitting more than two million homes.

In a Thursday memo to Biden, Capito and five other Senate Republicans made clear they want to see a narrowing of infrastructure’s scope to include core projects.

“Policies unrelated to physical infrastructure do not fit in this package,” they wrote to the president.

“We simply believe that these policies should be addressed in separate legislation that does not dilute our shared objective of passing this package.”

The infrastructure plan is among two major spending bills Biden is pushing, along with his $1.8 trillion American Families Plan aimed at expanding education and social protections.

Earlier this year Biden won passage of a $1.9 trillion Covid-19 recovery package, a measure paid for by deficit spending.

But he faces pressure to find ways to offset the costs of the new plans.

He has proposed ending tax cuts and loopholes benefiting small businesses to pay for the American Families Plan while hiking the corporate tax rate to pay for infrastructure.

Republicans vehemently oppose changing the 2017 tax law that reduced corporate tax rates, which Democrats objected to as a gift to corporations and the wealthy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

China’s Hou wins first weightlifting gold of Tokyo 2020

Tokyo, Japan: China's Hou Zhihui took the first weightlifting gold of Tokyo 2020 on Saturday as she dashed India's...

Tokyo Olympics rowing rescheduled over tropical storm

Tokyo, Japan: Tokyo Olympic organizers brought forward rowing events as a "protective measure" Saturday as a tropical storm heads...

Lebanon can’t handle next Covid wave: hospital chief

Beirut, Lebanon: Lebanon's deepening economic crisis has piled pressure on hospitals, leaving them ill-equipped to face any new wave...

India rescuers hunt for survivors as monsoon toll hits 76

Mumbai, India: Rescuers in India combed through mud and debris Saturday in a desperate search for survivors as the...

Empty streets as Hanoi goes into lockdown as virus cases soar

Hanoi, Vietnam: Vietnam locked down eight million people in Hanoi on Saturday, the latest attempt to curb a serious...

Mirabai Chanu fetches India Olympic silver in weightlifting

Kolkata, India: Mirabai Chanu won India's first Olympic medal, a silver medal in 49kg weightlifting with a total lift...

Must read

You might also likeRELATED
Recommended to you