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Politics Biden to meet with congressional leaders as infrastructure talks continue

16:15  12 may  2021
16:15  12 may  2021 Source:   cbsnews.com

Sunday shows - Biden economic agenda dominates

  Sunday shows - Biden economic agenda dominates President Biden's economic agenda dominated the Sunday morning political talk shows.Aides to the president signaled that he is open to negotiations with Republicans, while GOP senators pushed back on the legislation for reasons ranging from provisions not traditionally considered infrastructure to a proposed increase on corporate taxes.Read The Hill's complete coverage below.Biden wants to get GOP support for infrastructure 'if possible,'Aides to the president signaled that he is open to negotiations with Republicans, while GOP senators pushed back on the legislation for reasons ranging from provisions not traditionally considered infrastructure to a proposed increase on corporate taxes.

Washington — President Biden will meet with the top four leaders in Congress on Wednesday as negotiations over the president's multi-trillion dollar infrastructure agenda continue. This is Mr. Biden's first meeting with the leaders as a group since he was inaugurated in January.

Joe Biden wearing a suit and tie: President Biden Delivers Remarks On Economy © Bloomberg President Biden Delivers Remarks On Economy

The meeting with Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell and House Minority Leader Kevin McCarthy is expected to focus on Mr. Biden's $4 trillion two-pronged plan, which is divided between a $2.3 trillion proposal on physical infrastructure and jobs and a $1.8 trillion measure on health care, education and child care.

Republicans and Democrats agree we need an infrastructure bill. That’s about all they agree on.

  Republicans and Democrats agree we need an infrastructure bill. That’s about all they agree on. Republicans say a path to a bipartisan infrastructure deal exists — it’s just not the deal Democrats want.Of course, they differed with Biden and Democrats over the scope of what should be included in the bill and how to pay for it.

Republicans have pushed back against Mr. Biden's proposal, questioning both the price tag and the inclusion of provisions apparently unrelated to "traditional" infrastructure such as roads, bridges, transportation and broadband expansion. They also oppose Mr. Biden's plan to pay for his infrastructure package, which would include raising the corporate tax rate from 21% to 28% and negotiating a new global minimum tax for multinational corporations.

Democratic Senator Joe Manchin has floated raising the corporate tax rate to 25% instead, but it's unclear whether this would garner sufficient support from Republicans.

A group of Republican senators introduced a $568 billion counteroffer last month, spearheaded by Senator Shelley Moore Capito. The GOP proposal includes $299 billion for roads and bridges, $65 billion to expand broadband, $61 billion for public transit systems and $20 billion for railroads, as well as funding to revamp the nation's ports, airports and water infrastructure.

Buttigieg on $2.3T infrastructure plan: 'Doing nothing is what's truly unaffordable'

  Buttigieg on $2.3T infrastructure plan: 'Doing nothing is what's truly unaffordable' "We're either going to pay now or we're going to pay a lot more later," Buttigieg told ABC News. Buttigieg retuned to Pittsburgh, where the plan was first announced by President Joe Biden in March, to get an up-close look at some of the nation's aging bridges, locks and dams.

Capito said on Friday that the $568 billion plan "is not our final offer." McConnell also said Monday that he would be willing to consider a package between $600 and $800 billion, signaling some openness to negotiation among Republicans.

Mr. Biden has met with a number of lawmakers from both parties in recent days. On Thursday, he will meet with a group of Republicans who helped formulate the Republican counteroffer, including Capito and Senators John Barrasso, Roy Blunt, Mike Crapo and Roger Wicker. But Senator John Thune, the Republican whip, told reporters on Tuesday that it was not enough to simply meet with GOP lawmakers.

"I would like to see the president sit down and express more than just a willingness to listen, but a willingness to take action to work in a bipartisan way to try and get a deal," Thune said.

The meeting with Mr. Biden also comes amid a major shakeup in House Republican leadership. There will be a vote to recall Representative Liz Cheney as GOP conference chair on Wednesday, after Cheney repeatedly criticized former President Trump and cautioned Republicans against downplaying the violent attack on the U.S. Capitol on January 6 by a mob of Trump supporters.

On Sunday, McCarthy publicly backed Congresswoman Elise Stefanik of New York, who is vying to be Cheney's replacement, to join House GOP leadership. The move has earned some criticism from Senate Republicans, but McConnell has largely remained silent on the issue.

Next week will be a major test in Biden’s quest for a bipartisan infrastructure deal .
The bipartisan infrastructure deal that President Joe Biden hopes to reach with Republicans gained steam this week. Biden displayed willingness to narrow the scope of the bill to traditional infrastructure items, and to compromise on various ways to pay for them. The White House expects a Republican counter proposal by Tuesday. © Provided by CNBC U.S. President Joe Biden gestures toward Senator Shelley Capito (R-WV) during an infrastructure meeting with Republican Senators at the White House in Washington, May 13, 2021.

usr: 6
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