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Politics Psaki says Biden will NOT support a gas tax

19:05  21 june  2021
19:05  21 june  2021 Source:   dailymail.co.uk

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Jen Psaki, Joe Biden are posing for a picture: MailOnline logo © Provided by Daily Mail MailOnline logo

White House press secretary Jen Psaki said Monday morning that President Joe Biden 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.'

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Jen Psaki holding a sign: ( © Provided by Daily Mail (

Senators continued haggling over a $1.2 trillion infrastructure package, with socialist Bernie Sanders laying out red lines on tax and Republican Lindsey Graham 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 and conservatives in 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 with White House backing.

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'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 Fox News Sunday.

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.

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'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.'

Read more

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.

usr: 1
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