Biden and Republicans can’t agree on infrastructure spending

Republicans propose to the US president to significantly reduce the appropriations for these purposes.

US President Joe Biden rejected a new proposal from Republican Senator Shelley Moore Capito, who proposed adding another $ 50 billion in infrastructure investment, in addition to the previously proposed $ 928 billion.

Biden rejected the proposal, saying it “does not meet his goals of developing the economy, overcoming the climate crisis and creating new jobs.”

Initially, the president’s infrastructure plan proposed spending $ 2.25 trillion. The Biden administration’s latest negotiating offer is estimated at $ 1.7 trillion and includes federal spending on projects that go beyond the traditional definition of infrastructure, such as home-based care for the elderly.

According to White House Press Secretary Jen Psaki, Biden will continue to negotiate with some senators from both parties,” White House Press Secretary Jen Psaki said in a statement.

According to media reports, during the talks, Biden also proposed to abandon his plan to raise corporate tax rates to 28%, replacing it with a minimum tax rate of 15%, aimed at ensuring that all companies pay taxes.

Several Democrats criticized Biden for trying to find a compromise with the Republicans. On Friday, a group of young activists from the Sunrise Movement, which fights global climate change and calls for creating jobs, protested outside the White House. “We demand that Biden stop cooperating with the Republican Party, that he meet with us instead, and that he accepts the largest package of financial investments in infrastructure,” said Ellen Sciales, one of the participants in the Sunrise Movement.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
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