Republicans Planning to Send President a Nearly $1T Infrastructure Counteroffer

According to an article by CNBC, a group of Senate Republicans intend on sending the Biden administration an infrastructure counteroffer worth close to $1 trillion as early as Thursday. This comes after the White House sent the GOP a $1.7 trillion proposal — $600 billion less than the original proposal.

“Hopes for an agreement between the parties to revamp U.S. transportation and broadband appeared to dim last week,” wrote Jacob Pramuk of CNBC. “After the White House cut its infrastructure offer to $1.7 trillion from $2.3 trillion, an aide to Sen. Shelley Moore Capito, R-W.Va., said the plan’s price tag was ‘well above the range of what can pass Congress with bipartisan support.'”

The Biden administration has made it known that it wants to further bipartisan conversations before the Memorial Day weekend.

“I think that we’ve got good momentum, but we’ll see what [the White House’s] reaction is,” Capito told CNBC on Tuesday.

The parties must workout fundamental topics to come to bipartisan agreement, including what should count as infrastructure, as the Democratic push features policies that include care for elderly and disabled Americans.

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.