White House: Biden meeting this afternoon with GOP on infrastructure

News

Press Sec. Psaki

  • Pres. Biden meeting this afternoon with GOP on infrastructure
  • Put forth a reasonable counteroffer
  • WH offered a counter proposal on infrastructure from $2.25 trillion to $1.7 trillion
  • Counteroffer reflects the view that Republican offer excludes proposals that are key to US growth
  • Pres. Biden remains opposed to gas tax, user fees, raising taxes on American earning less than 400,000

The White House said that the president will release the details of the proposal later today.

Pres. Biden proposed a $2.25 trillion structure plan. The GOP came back with a $568 million plan.  The plan included raising gas taxes and user fees, which is off the table for Pres. Biden. The president is proposing a rise in the corporate tax rate to pay for the plan.

Invest in yourself. See our forex education hub.

Articles You May Like

Greenback Drops Ahead of Consumer Data, Risk Sentiment in Focus
Walmart’s worst week since 2022: Retailer’s former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong
Buffett says Berkshire will continue to increase investment in Japan trading houses
Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025
Lutnick says ‘its time for copper to come home’ – no exemptions, no exceptions

Leave a Reply

Your email address will not be published. Required fields are marked *