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Infrastructure divide with White House widens, GOP says

(Bloomberg) – Senate Republicans criticized President Joe Biden’s $ 1.7 trillion reduced infrastructure proposal on Friday, saying the revised offer suggested the two sides were even further apart than lawmakers did. had thought. The Republicans in the White House and the Senate when it comes to defining infrastructure, the scale of proposed spending and how to pay it, ”said Kelley Moore, spokesperson for West Virginia Senator Shelley Moore Capito, the lawmaker leading the GOP effort. Friday’s offer reduced the size of its infrastructure and jobs plan by about a quarter, but it’s still much higher than what Republicans suggested they could support. White House Press Secretary Jen Psaki said she exemplifies “the art of finding common ground.” The proposal – presented to Republican senators on an afternoon call – was a response to a GOP counter-offer earlier this week, a modified version of their original $ 568 billion launch. While the cancellation of negotiations was discussed among GOP members, most preferred to give the talks an extra week, according to a person familiar with the Republicans’ point of view. “Based on today’s meeting, the groups appear more distant after two meetings with White House staff than they were after a meeting with President Biden,” Moore added. Still, Republicans will continue their conversations with the administration and consider different aspects of the offer, Moore said in a statement. Although Biden’s new proposal is $ 550 billion less than the original plan for the US $ 2.25 billion job, Psaki explained that the administration would always do so. continue much of what has been deleted, through other legislative instruments. The plan also retains $ 400 billion in elderly and disabled care that Republicans say doesn’t count as infrastructure. create an infrastructure bank, which the Republicans had asked for. Lawmakers and Republican staff felt the latest proposal was different from what had been discussed with the president himself, and felt that Biden was not in charge of the talks, the person familiar with the point said. view of the GOP. The Republican group was frustrated that they only saw the White House memo after it was released to the media and to see Psaki characterize the offer even as the appeal progressed, the person said. in the hopes of trying to move the negotiations forward, a White House official said, speaking on condition of anonymity. The Republicans, led by West Virginia Senator Shelley Moore Capito, did not significantly expand their initial $ 568 billion proposal, a person familiar with the talks said. the affair was possible. Senate Minority Leader Mitch McConnell had suggested a compromise figure as high as $ 800 billion, still well below Biden’s new revenue. The White House has pledged to shift spending from manufacturing, supply chains, small business and research and development to other legislation. The administration’s plan doesn’t abandon Biden’s priorities, including spending on clean energy, railways, workforce training, the so-called care economy. and other areas that Senate Republicans omitted from their initial offer, according to the memo. Funding QuestionBiden is hoping to see Republicans act on some of these issues, just as he has compromised on some of theirs, the White House official said. to oppose user fees as a fundraising mechanism, as some Republicans have proposed. Biden will not give in to his obligation not to raise taxes for Americans earning less than $ 400,000, the note showed. It would also rule out a gas tax hike. Biden last week welcomed a group of Senate Republicans to the White House to step up efforts for a bipartisan compromise, and the two sides have continued talks since. then. stressed that it would aim to pursue social spending and tax measures separately if they were not included in any compromise. Republicans have stressed they will not consider going back on the tax cuts they enacted in 2017. Biden also released a separate $ 1.8 trillion “ US plan for families. ” dollars, made up of social spending and an increase in taxes on the rich. week, she saw more than a 50% chance of reaching an agreement with the president. The overall process still has months to go, she said, with a bill that is not expected to wipe out both houses of Congress by July 4, a deadline proposed by House Speaker Nancy. Pelosi (updates with context of the Republican backlash, starting at fourth paragraph). More stories like this are available at bloomberg.com Subscribe now to stay ahead with the most trusted source of business news. © 2021 Bloomberg LP

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