President Joe Biden offered to narrow his $1.7 trillion infrastructure package in a concession to Republicans. Biden put forth a new $1 trillion proposal to Sen. Shelley Moore Capito, R-W.Va., who is leading the Senate Republicans’ negotiations with Biden on the deal.
Biden initially proposed a $2 trillion package that included two parts — the American Jobs Plan and the American Families Plan — to focus on modernizing transportation infrastructure, including roads, bridges and airports. He also sought to boost the electric vehicle market, expand broadband Internet access, upgrade schools and affordable housing, increase job training, and care for elderly and disabled Americans. He sought to pay for the package by raising the tax rates on corporations and wealthier Americans, however Republicans have countered with narrower proposals.
Biden’s new proposal is half what he originally sought to pass, but still includes nearly four times the new spending Republicans wanted in their own counteroffer. Capito and Biden were expected to speak again Friday.
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