Politics Bipartisan Senate Group Reaches Deal on Infrastructure to Present to Biden

02:50  11 june  2021
02:50  11 june  2021 Source:   nationalreview.com

Where do infrastructure talks go from here now that Biden's negotiations with Republicans collapsed?

  Where do infrastructure talks go from here now that Biden's negotiations with Republicans collapsed? As new infrastructure talks begin, old differences with Republicans have already emerged.Weeks of negotiations resulted in little headway, with major differences on costs and taxes going unreconciled. Republicans accused the president of changing his demands and being unwilling to compromise on his insistence on "social infrastructure" while the White House said the Republicans' offers didn't meet America's needs.

A bipartisan group of ten senators reached a deal on an infrastructure plan on Thursday to present to the Biden administration for further negotiations.

a man standing in front of a building © Jonathan Ernst/Reuters

The plan includes about $579 billion in new spending and, including expected future spending, would cost $974 billion over five years or $1.2 trillion over eight years, multiple outlets reported. The ten senators said there would be no tax increases.

“Our group — comprised of 10 Senators, 5 from each party — has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation’s infrastructure and energy technologies. This investment would be fully paid for and not include tax increases,” the group said in a statement.

The group includes Republican senators Mitt Romney, Susan Collins, Lisa Murkowski, Bill Cassidy, and Rob Portman. Democrats in the group are Kyrsten Sinema, Joe Manchin, Jeanne Shaheen, Mark Warner, and Jon Tester.

The announcement comes after President Biden cut off negotiations with Senator Shelley Moore Capito (R., W.Va.) on an infrastructure plan. White House press secretary Jen Psaki said Biden expressed “disappointment” that Republicans were not willing to raise their offer by more than $150 billion, after the president indicated he could reduce the plan by over $1 trillion.

After 1st round fails, where do infrastructure talks stand?

  After 1st round fails, where do infrastructure talks stand? Almost as soon as infrastructure talks died, they were resurrected under new leadership. © Samuel Corum/Getty Images While President Joe Biden jets off to Europe to attend to international matters, a coalition of Senate Democrats and Republicans are huddled up at the Capitol charting what they hope will be a new path forward on infrastructure. New negotiations bring a whole new host of questions about how a deal on what has become a politically divisive package might be struck and what that deal might look like. Wait. Aren't infrastructure talks over? Think again.

Biden announced a roughly $2 trillion plan in April that would fund upgrades for highways, bridges, and other U.S. infrastructure as well as provide funding toward a national network of charging stations for electric vehicles. Republicans have opposed the price tag of the effort, with Senate Minority Leader Mitch McConnell (R., Ky.) warning against “whack[ing] the economy with major tax increases or run up the national debt even more.”

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Biden's high-wire act on infrastructure is at a critical moment .
President Joe Biden has entered a critical moment where the decisions he makes will dictate the success of his sweeping $4 trillion legislative agenda -- and potentially his first term in office. © Evan Vucci/AP President Joe Biden speaks as he commemorates the 100th anniversary of the Tulsa race massacre, at the Greenwood Cultural Center, Tuesday, June 1, 2021, in Tulsa, Okla. (AP Photo/Evan Vucci) On its face, that may appear hyperbolic, just four months into Biden's presidency.

usr: 0
This is interesting!