President Joe Biden will meet with a group of bipartisan lawmakers on Monday to discuss his proposed $ 2.3 trillion infrastructure plan, as he stumbles upon a resistance. from Republicans and even some Democrats.
The president’s plan will pump money into transportation, water and broadband projects, as well as into home and community health services. The government’s definition of the infrastructure
has disappointed some Republicans, who say the proposal is too large and should focus on things like bridges and roads.
Meanwhile, at least one key Democrat has said that the proposal to raise the corporate tax rate to 28% to pay for the plan is unacceptable. West Virginia Sen. Joe Manchin has said that he can favor the 25% rate.
Biden and Vice President Kamala Harris are scheduled to meet with four Democrats and four Republicans on Monday to discuss the proposals. Feeling Democracy. Maria Cantwell of Washington and Alex Padilla of California will be in attendance, as well as the GOP Sens. Nebraska’s Deb Fischer and Mississippi ‘Roger Wicker.
From the House of Representatives, Republican House Representatives Garret Graves of Louisiana and Don Young of Alaska will join the meeting alongside Democratic Representatives Donald Payne Jr. of New Jersey and David Price of North Carolina.
The White House said the meeting would focus on “the once-daring, once-in-a-lifetime investment need in America to bring millions of people to work.”
Biden said he is willing to listen to comments on the plan, including how to pay for it, but not taking action on infrastructure is not an option. Democrats could once again use a quick procedure known as mediation to pass the infrastructure proposal in the Senate with 51 votes, although Biden has hinted that he wants a bipolar deal. party.
“We are going to have a goodwill negotiation with any Republican wanting to help get this done,” the president said in a March 31 speech in Pittsburgh. “But we have to get it done.”
Trading lower on a moderate Monday early in the week will see an informal start to first quarter earnings, mentioned by some of the nation’s largest banks.