US Senate reaches bipartisan agreement on infrastructure issues | Political News

A bipartisan group of U.S. senators said on Thursday that they have reached an agreement on the framework of a proposed large-scale infrastructure spending plan without requiring significant tax increases.

In a statement, a group of five Republicans and five Democrats said that they are discussing their methods with colleagues and the Biden White House and are optimistic about gaining widespread support.

“Our team… worked in good faith and reached a bipartisan agreement on a realistic, eclectic framework to modernize our country’s infrastructure and energy technology,” said Democrat Kyrsten Sinema and Republican Rob Portman. The team said.

“This investment will be paid in full, excluding tax increases,” they claimed.

The statement did not provide details of the agreement. When the senators hurriedly left Washington for the weekend, Democrats criticized the agreement.

A person familiar with the transaction told Reuters that it will cost US$974 billion in five years and US$1.2 trillion in eight years, including US$579 billion in new expenditures.

U.S. Democratic Senate Majority Leader Chuck Schumer said he is open to considering bipartisan proposals, but hopes to see it in writing-adding that he may also push for a follow-up spending measure that only Democrats support .

“I was told verbally, something; I asked for paper, and I’ll read it,” Schumer said. “But we continue to advance on two tracks. The two-party cooperation track and the reconciliation track, both are moving forward.”

President Joe Biden has pushed A package of 1.7 trillion dollars Renovate roads and bridges, and solve other problems such as education and family health.

Republicans rejected the president’s infrastructure plan, which would address climate change, establish some social projects and pay for themselves by taxing American companies.

Biden proposed reduce His proposal suffered a setback this week. Centrist Democratic Senator Joe Manchin insisted that any infrastructure plan would be supported by both parties and Biden rejected it. A smaller proposal Proposed by Republican Senator Shelley Moore Capito (Shelley Moore Capito).

This provided room for 10 moderate senators from both parties to come up with new ideas that were designed to generate enough support to pass the Senate to get the 60 votes required for the majority of bills. The Senate split between the two parties at a ratio of 50-50.

Republicans said that Senate Republican leader Mitch McConnell also told the organization that he was open to their ideas.

In addition to the cinema and Portman, the 10 senators’ negotiating team also included Democrats Joe Manchin, Jenny Shaheen, Jon Teste and Mark Warner, Republicans Bill Cassidy, Susan Collins, and Lisa Mukoffs. Kee and Mitt Romney.

Manchin told reporters on Thursday, “Things are moving in the right direction.”

Romney said that there is also a “general consensus” on the maximum expenditure figure, but it has not been specifically determined.

He did not specify the figures, but told reporters that the expected package will be paid in part by linking the federal gasoline tax to inflation.

He and Test also talked about a rule that could increase revenue by letting the IRS track tax evasion.

At the same time, infrastructure-related transportation bills have made progress at the congressional committee level.

When Biden was in Europe, White House Communications Director Kate Bedingfield said that the bipartisan negotiations between the House of Representatives and the Senate encouraged government officials.

“We are now seeing progress in many areas,” she told CNN.

“This is how the bill becomes law. This is a process with many steps, and we are encouraged by all the simultaneous progress on these different paths.”

However, the promotion of the two parties has been criticized by some Democrats, who criticized the Republican Party’s approach to narrowing the focus to physical infrastructure and excluding the possibility of raising taxes on companies and the rich.

Source link

Recommended For You

About the Author: Agnes Zang