Politics Biden called McConnell about $2 trillion infrastructure plan after weeks of silence
Joe Biden’s coming infrastructure push, explained
Biden’s massive infrastructure plan is also a climate plan.Shortly after passing his $1.9 trillion Covid-19 relief package, President Joe Biden is preparing to unveil his “Build Back Better” plan Wednesday during a public address in Pittsburgh, Pennsylvania. The White House discussed an approximately $3 trillion infrastructure package on a call last week with Senate Democrats, but the price tag and final details are still under discussion, a person familiar with the plan told Vox.
President Joe Biden called Senate Minority Leader Mitch McConnell Tuesday to detail his infrastructure plan, the Kentucky Republican told supporters, a week after charging that the two had not spoken since Biden took office.
"He called me about it yesterday," McConnell said Wednesday of the, which includes spending to rebuild the country's transportation, industrial and modern infrastructures, among other investments.
Speaking at an event in Kentucky, McConnell likened the bill to a "Trojan horse" and suggested he was unlikely to support it.
Biden to propose $2 trillion infrastructure, jobs plan funded by corporate tax hike
The White House is comparing President Joe Biden's infrastructure proposal to the construction of interstate highways and the Space Race.The White House is billing the proposal, dubbed the American Jobs Plan, as a domestic investment not seen in the U.S. since the construction of the interstate highways in the 1950s and the Space Race a decade later.
"This is not going to be apparently an infrastructure package. It's like a Trojan horse. So it's called infrastructure, but inside the Trojan horse is going to be more borrowed money and massive tax increases," he said.
Biden is proposing to finance the bill, the first installment in his "Build Back Better" agenda, with an increase to the corporate tax rate to 28% and a minimum global tax. The Trump administration's 2017 tax law slashed the corporate tax rate from 35% to 21%.
McConnell said on Wednesday that he is "not likely" to back a final bill that includes a tax hike or deficit spending, regardless of whether it boosts infrastructure projects and jobs in Kentucky.
AOC leads left's claim $2 trillion infrastructure bill is NOT enough
WASHINGTON (AP) - President Joe Biden wants $2 trillion to reengineer America´s infrastructure and expects the nation´s corporations to pay for it.The'This is not nearly enough,' Ocasio-Cortez lamented on Twitter.
Biden's plan includes "not only significantly more borrowing but raising taxes on the most productive parts of our economy," McConnell said, adding lawmakers are not in a "very bipartisan period."
The White House has begun some outreach to Republicans in a bid to draw bipartisan support, declined to detail a legislative strategy for the bill, which would need 10 Republican votes in the Senate to pass by regular legislative means.
Biden officialswith the $1.9 trillion coronavirus package before passing the bill using reconciliation, a budget tool that allows some legislation to bypass the usual 60-vote threshold.
Democrats have conceded that a final bipartisan infrastructure bill remains unlikely.
"This is not just about infrastructure, but it's about creating more jobs and more industrial strength here in the United States," a senior administration official said of the bill on Tuesday.
On The Money: Breaking down Biden's infrastructure plan | Biden eyes tax hikes on corporations, households left alone
Happy Infrastructure Week and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.See something I missed? Let me know at email@example.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.Write us with tips, suggestions and news: firstname.lastname@example.org, email@example.com and firstname.lastname@example.org. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.
McConnell and Biden have long maintained a strong relationship in the Senate, but it under strain at Democrats press for changes to the filibuster, to which McConnell has vowed a “scorched earth” response if Democrats fully eliminate it.
White House press secretary Jen Psaki this month disputed McConnell's claim Biden had not spoken to him since the inauguration.
Psaki told reporters that Biden had a "long friendship" with the Kentucky senator and that the two speak "regularly."
"We're obviously not going to read out all of those calls," she said.
McConnell had suggested hours earlier that this was not the case while speaking to Fox News.
"I don't believe I have spoken with him since he was sworn in," McConnell said at the time. "We had a couple of conversations before then."
After the interview, McConnell's office admitted that he had misspoken and that the two had spoken but not about either official's legislative goals.
In the last weeks of the Obama administration, McConnell praised his working relationship with Biden in remarks on the Senate floor.
Biden plan spends billions to 'redress historic inequities'
Joe Biden's $2.3 trillion infrastructure plan includes $12 billion for workforce development in underserved communities, and targets green jobs to women and people of color. President Biden is calling on Congress to also specifically target funding to workers facing some of the greatest challenges,' the plan says.All of it would move in the large $2.3 trillion package – with Senate Democratic leaders hinting they may seek to move it under new 'reconciliation' instructions to protect it from a likely GOP filibuster.
“He doesn’t waste time telling me why I am wrong. He gets down to brass tacks, and he keeps in sight the stakes. There’s a reason ‘Get Joe on the phone’ is shorthand for ‘Time to get serious’ in my office,” McConnell said at the time.
In a subsequent interview with Louisville Courier-Journal writer Scott Jennings, a Republican strategist and former McConnell aide, the GOP leaderand said he was the only Senate Republican to attend the funeral of Biden's son Beau.
Biden is set to introduce his jobs and infrastructure package Wednesday in Pittsburgh.
Tags:, , , , , , ,
Derek Chauvin trial, COVID-19 vaccine side effects, FLOTUS agenda: 5 things to know Wednesday .
The Derek Chauvin trial will continue with more expert testimony, a study on COVID-19 vaccine side effects is out and more news to start your Wednesday.Start the day smarter. Get all the news you need in your inbox each morning.