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Republicans May Support a Much Smaller Infrastructure Plan
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Republicans may be ready to support limited infrastructure funding in President Joe Biden’s spending proposal, which would require scaling back the $2.25 trillion plan by more than two-thirds, a senior GOP senator said.
With Biden’s “Americans Jobs Plan” on the table for less than a week, administration officials and Senate Republicans took to the Sunday news shows to lay out opposing positions. As Biden faces calls from parts of the Democratic Party to go bigger, Republicans are focusing their opposition on a corporate-rate increase they say will hold back job creation.
Brian Deese, a key adviser who heads Biden’s National Economic Council, said the plan is a “one-time, eight-year capital investment” that tackles classic infrastructure projects like repairing bridges, and also includes investments aimed at promoting long-term job growth.
President Biden Seeks Immediate Help For Millions As Big Stimulus At Risk
Brian Deese
“It’ll expand our economy’s potential,” Deese said on “Fox News Sunday,” adding that “we have a long way to go” to restore U.S. employment to pre-pandemic levels in the shorter term.
Senator Roy Blunt, a Missouri Republican, said he could envisage bipartisan support on improving facilities like roads and airports, and possibly water systems and expanding broadband access -- if the administration pared the package to something like $615 billion.
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With Biden’s “Americans Jobs Plan” on the table for less than a week, administration officials and Senate Republicans took to the Sunday news shows to lay out opposing positions. As Biden faces calls from parts of the Democratic Party to go bigger, Republicans are focusing their opposition on a corporate-rate increase they say will hold back job creation.
Brian Deese, a key adviser who heads Biden’s National Economic Council, said the plan is a “one-time, eight-year capital investment” that tackles classic infrastructure projects like repairing bridges, and also includes investments aimed at promoting long-term job growth.
President Biden Seeks Immediate Help For Millions As Big Stimulus At Risk
Brian Deese
“It’ll expand our economy’s potential,” Deese said on “Fox News Sunday,” adding that “we have a long way to go” to restore U.S. employment to pre-pandemic levels in the shorter term.
Senator Roy Blunt, a Missouri Republican, said he could envisage bipartisan support on improving facilities like roads and airports, and possibly water systems and expanding broadband access -- if the administration pared the package to something like $615 billion.
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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