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

99% Accurate Price Action Trading System | Technical Analysis Trading | Forex Trading Techniques
Swiss Franc Staying the Strongest, Dollar and Loonie Competing for Second
Forexlive Americas FX news wrap: Dollar and bonds go for a wild ride
USD/JPY: All techs point higher with H&S target at 145.18 but beware of a July dip – BofA
OPEC+ oil boost likely not much help to high gasoline prices