Senate Minority Leader Mitch McConnell (R-KY) confirmed on Monday that Republicans are open to discussion on a $600 billion infrastructure bill — because it would end any possibility of Democrats meddling with Donald Trump’s highly successful 2017 tax bills.
“We are not going to revisit the 2017 tax bills,” McConnell said. “We are happy to look for traditional infrastructure pay-fors, which means the users participate.”
“We’re happy to look for traditional infrastructure pay-fors, which means the users participate,” McConnell says. “We’re open to doing a roughly $600 billion package which deals with what all of us agree is infrastructure.”
— Sahil Kapur (@sahilkapur) May 3, 2021
The president’s American Jobs Plan requests more than $2.2 trillion to improve infrastructure.
Biden is also pushing efforts to pass a $1.8 trillion American Families Plan. The legislation would provide free pre-school and community college, among other benefits.
To finance the multi-trillion dollar plans, the president wants to increase taxes on households making more than $400,000 per year and raising the corporate tax rate from 21 to 28 percent.
The newly proposed Republican plan suggests a more modest plan. “It sets aside $299 billion for roads and bridges, $61 billion for public transit, $65 billion for broadband and $44 billion for airports,” according to The Washington Times.
The competing plans will face ongoing discussion. The Senate filibuster will likely require concessions by both sides in order for a form of the legislation to pass.