Republicans dangle 'easy' win for trimmed Biden plan
Apr 06 2021
Biden pushed back at Republican criticism that the president's $2.3 trillion American Jobs Plan is filled with items that are unrelated to infrastructure.
The spending would take place over the course of eight years and would be paid for by increasing the corporate tax rate to 28 percent from 21 percent.
Biden's predecessor, Donald Trump, and Republican lawmakers cut the corporate rate to 21% in 2017 from 35%.
Trump repeatedly promised to tackle the nation's crumbling infrastructure during his presidency but never delivered on that.
The White House conceded on Monday that Senate Democrats such as Sen.
"The net effect is 'that $1 increase in federal investment reduces investment by states, localities, and private entities by one-third of a dollar.' In other words, when the federal government invests $1, nonfederal sources reduce their investment by $0.33, which leaves a net investment of $0.67, not the full $1", the Tax Foundation announcement asserted. "That's why he felt it was a responsible proposal to make", Psaki said of Biden. "That will all need to be weighed ... with leaders in Congress".
Republican Senator Roger Wicker of MS joined others in his party in trying to cast Biden's plan as a tax hike rather than an effort to fix and rebuild the country's transportation, communications, water and electrical networks.
"I've spoken to the White House several times and said, 'You have an easy bipartisan win here if you keep this package focused on practically the infrastructure", said the Republican official on the network's program. "Everybody else in the rest of the world is investing in infrastructure and we're going to do it here". He listed clean water, school and high-speed rail as key items that also counted as infrastructure, in addition to more traditional projects such as bridges, highways and roads.
Granholm said Biden would prefer that his plan have Republican backing but, if that does not work, he would likely support using a procedural strategy called reconciliation to allow Democrats to pass it in the Senate.
Blunt, a senior member of Senate leadership team, struck a more conciliatory tone than the chamber's Republican leader Mitch McConnell, who had earlier vowed to fight the Biden plan "every step of the way".
President Biden has argued that the infrastructure plan aims to create millions of jobs.
Sen. Ron Wyden, a Democrat from OR and chairman of the Senate Finance Committee, said in a statement Monday: "I'm pleased by the parliamentarian's ruling that budget resolutions can be revised, allowing us to consider moving additional bills through the reconciliation process".