Politics Psaki says Biden will NOT support a gas tax
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Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! © Provided by Washington Examiner DOE Header 2020 FIRST IN DAILY ON ENERGY...CHENEY’S NEPA BILL: GOP Rep. Liz Cheney of Wyoming is introducing legislation today to preserve the Trump administration’s reforms of the National Environmental Policy Act, or NEPA.
press secretary Jen Psaki said Monday morning that President will not support a gas tax to pay for the $1.2 trillion infrastructure bill.
'We need a few more details about the deal and about the proposal, including specifics about how to pay for it,' Psaki said on CBS This Morning.
Psaki was speaking about a compromise package that's supported by a group of 21 senators from both parties.
'An idea that's been floating around that certainly the president would not support is a gas tax which would raise taxes on people making less than $400,000 a year,' she continued. 'We're just not going to stand for that, and we're not going to accept that.'
Gas tax pitch sits uneasily next to GOP's new working-class appeal
President Joe Biden wants to pay for a new infrastructure plan by taxing corporations, but Republicans would prefer to use gasoline tax revenues — a stance that some say sits uneasily with their pitch as a working-class party. © Provided by Washington Examiner Biden’s original proposal was to raise the corporate tax rate from 21% to 28%, but Republicans have said that is a nonstarter. GOP lawmakers have instead floated indexing the federal gas tax to inflation, which would raise it over time. Sen.
Senators continued haggling over a $1.2 trillion infrastructure package, with socialistlaying out red lines on tax and Republican telling President Biden a deal was there for the taking.
The wrangling illustrates just how hard it will be for President Biden to bring along progressives andin a bipartisan deal to deliver one of his biggest legislative priorities.
Sanders said he would not support using gas taxes or fees on electric vehicles which would not spread the burden fairly - while Graham challenged Biden to get on with agreeing to a deal.
Graham said he was hopeful that the bipartisan negotiation would be successful withbacking.
Biden and his aviators greet queen on a sunny afternoon
WINDSOR, England (AP) — President Joe Biden and his aviator sunglasses met Queen Elizabeth II on bright Sunday afternoon. The queen hosted the president and first lady Jill Biden at Windsor Castle, her royal residence near London. Biden flew to London after wrapping up his participation in a three-day summit of leaders of the world's wealthy democracies in Cornwall, in southwestern England. He arrived at the castle aboard the presidential helicopter and was ferried to the queen in a black Range Rover.
'President Biden, if you want an infrastructure deal of a trillion dollars, it's there for the taking. You just need to get involved and lead,' Graham told.
His intervention illustrates the pressure on Biden as Democrats continue to weigh going it alone with an expansive $6 trillion proposal.
In the meantime, some 21 senators, including 11 Republicans, have signed up to a $1.2 trillion plan to invest in roads, bridges and other construction projects - rather than the broader infrastructure definition unveiled by Biden, that included work on climate change and spending on child care.
That is about a quarter of Biden's original vision but the haggling over how to pay for it continues.
Graham warned Biden against jettisoning Republican support and trying to push a bigger package through the congressional process of 'reconciliation' which would avoid the filibuster.
Biden-Putin summit live updates: 'I'm always ready,' Biden says
President Joe Biden will meet face-to-face with his Russian counterpart, Vladimir Putin, in Switzerland on Wednesday amid rising tensions between the two countries.The two men will face off inside an 18th-century Swiss villa in Geneva, situated alongside a lake in the middle of the Parc de la Grange. The fifth American president to sit down with Putin, Biden has spoken with him and met him before, in 2016.
'President Biden, you've got a party that's divided, you've got a Republican Party that's willing to meet you in the middle for a trillion dollars of infrastructure that could fundamentally change the way America does business in roads, ports, and bridges and accelerate electrical vehicles,' he said.
'You've got to decide what kind of president you are and what kind of presidency you want.'
The bipartisan plan offers a deal worth about $973 billion over five years, rising to $1.2 trillion over eight years. It includes $579 billion in new spending, funded in part by unspent COVID relief funds and a surcharge on electric cars.
As haggling continues, some Democrats are continuing to work on their own plan, intent on working climate change mitigation into any spending package.
And many Republicans are wary of any legislation they deem too broad.
At the same time Sanders, who chairs the Senate Budget Committee and who is working on the $6 trillion proposal, said he would not accept 'regressive' tax measures.
'Nobody really knows what is going to be in this bipartisan agreement, and how it is going to be paid for,' he told NBC's Meet the Press.
'So if it is roads and bridges, yeah, of course we need to do that and I support that.
'If it is regressive taxation - you know, raising the gas tax or a fee on electric vehicles, or the privatization of infrastructure - no, I wouldn't support it.'
Biden's corporate tax hike is bad for growth — try a carbon tax instead .
A carbon tax is superior economic policy to the president’s corporate tax agenda, especially for infrastructure spending.Under Biden's proposal, the corporate tax rate would rise to 28 percent, ending the competitive advantage that U.S. businesses gained as a result of Republicans' 2017 Tax Cuts and Jobs Act (TCJA). The TCJA brought the U.S. corporate rate below the average rate among Organization for Economic Co-operation and Development (OECD) countries. Biden's plan would put the U.S. back to the highest combined (state and federal) statutory corporate tax rate among all OECD nations. Even compromises to hike the U.S.