Politics Bipartisan Senate Group Reaches Deal on Infrastructure to Present to Biden
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.
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,reported. The ten senators said there would be no tax increases.
INBOX: Senators involved in the bipartisan group discussing infrastructure have reached a bipartisan agreement per statement. “This investment would be fully paid for and not include tax increases,” statement reads.
After crafting $1.2 trillion infrastructure deal, bipartisan group of senators start lobbying White House, colleagues
The deal would not raise the corporate tax rate, which Biden had proposed. And it wouldn't hike the 18.4-cent federal per-gallon gas tax.The deal, reported by several media outlets and confirmed by a Senate source familiar with the deal, would focus on traditional transportation programs such as rail, bridges and waterways. It would not include "soft" infrastructure such as climate change and housing, which Biden had called for in his original $2.25 trillion American Jobs Act.
— Jack Turman III (@jackturmanIII)
“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 Bidenwith 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?
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.)against “whack[ing] the economy with major tax increases or run up the national debt even more.”
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