Home Business News US Senator Capito expects Republican infrastructure proposals in the coming days

US Senator Capito expects Republican infrastructure proposals in the coming days

© Reuters. FILE PHOTO: Senate Environment and Public Works Committee holds a hearing on Regan being nominated as an EPA administrator on Capitol Hill in Washington

WASHINGTON (Reuters) – US Senate Republicans could make their own “concept” objection to the President’s $ 2.3 trillion dollar infrastructure plan Joe Biden over the weekend, a lawmaker who is helping to lead the effort said Tuesday.

After discussing infrastructure with the White House, Sen. Shelley Moore Capito told reporters that the Republican Party’s plan will include projects and means to pay for them and provide reciprocity. opposed to Biden’s far-reaching proposal that the Republicans opposed because of its size and proposed a corporate tax increase.

“We need to tackle a kind of conceptual idea and hopefully we’ll do it in the next few days,” said the Republican West Virginia member. “Hopefully, at the weekend.”

Capito, the top Republican on the Senate’s Environment and Public Works Committee, gave no details about her White House discussions.

Biden proposed an infrastructure plan covering roads, bridges and ports projects as well as addressing broadband access, climate change and human services including care. old age. He will pay the price for this plan by increasing the US corporate income tax rate from 21% to 28%.

The president and his staff held numerous discussions with bipartisan lawmakers’ groups, including Capito, in hopes of gaining Republican support and asking Republicans to come up with a Proposed protest in mid-May.

Republicans support a smaller, narrower bill that covers traditional infrastructure projects plus broadband and will pay for it with usage fees and possibly tax incentives. Last week, Capito said there could be bipartisan support for a Republican bill between $ 600 billion and $ 800 billion.

“The fact that he asked for something in mid-May is a good signal that he is ready to start participating,” Capito said.

Biden may need Republican support to move the law through the Senate and House of Representatives, where Democrats have a low majority.

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