Bipartisan groups prepare to provide backup infrastructure as White House negotiations stagnate

A bipartisan senator group is preparing a secondary infrastructure proposal as negotiations between the White House and several Republican senators appear to be stalled.

The small bipartisan group consists of about six senators, including Republican senators Mitt Romney, Rob Portman, Susan Collins, Lisa Murkowski, Democratic senators Kyrsten Cinema, and Joe Manchin. I am. Romney told reporters Tuesday that his group had “confirmed” the details of the proposal and would soon submit it to the G-20, a group of 20 Senators from both parties. He said.

“At this stage, we were waiting to see if we were interested in our proposal,” Romney said. Republican Senator Shelley Moore Capito, who is negotiating with the White House, said on Tuesday. We will discuss the Republican proposal again with President Biden, but the outlook seems dim. Romney’s group is working on an alternative to the proposal by Capito’s team in preparation for a meeting with the founders of the White House. Romney told reporters Monday that his group was “on spending levels.” He said he was “almost agreed” and had a “list of rewards”.

Financing has been a challenge in ongoing negotiations between the Republicans and the White House. Mr Biden proposed raising the corporate tax rate from 21% to 28%, but was completely rejected by Republicans who were reluctant to touch the 2017 tax cuts signed by former President Trump. Republican groups have proposed using funds from previous coronavirus bailouts to pay the bill, but the White House has refused and opposes the idea of ​​user fees.

Biden and Capito met twice last week, and Capito’s group offered $ 928 billion over five years and a new $ 257 billion. The president previously offered $ 2.3 trillion to one. It had been reduced to $ 1.7 trillion. Capito proposed an additional $ 50 billion in a conversation with Biden on Friday. President refused..

“The president thanked her for her efforts and goodwill, but also showed that the current proposal did not meet his goals of economic growth, tackling the climate crisis and creating new jobs. He has shown to Senator Kapito that he will continue to be involved and hopes to achieve a more substantive package, “Whitehouse spokesman Jen Saki said last week.

The president met with Capito directly at the White House on Wednesday Emphasized some of the plans to be covered by corporate taxFor example, the most profitable companies in the country are taxed at least 15%. However, while this approach may leave the 2017 tax cuts intact, it may not be enough to satisfy Republican lawmakers.

“The ongoing negotiations with the White House on infrastructure have posed a serious obstacle,” Republican Senator John Barrasso said at a press conference Tuesday. But Senator Roger Wicker, who belongs to the same group, told reporters Tuesday that negotiations with the White House should continue.

“We need to keep talking,” Wicker said. But he added that it was unreasonable for the White House to expect a deal by this week.

Bipartisan groups prepare to provide backup infrastructure as White House negotiations stagnate

Source link Bipartisan groups prepare to provide backup infrastructure as White House negotiations stagnate

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