White House: Biden meeting this afternoon with GOP on infrastructure

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.

News

Articles You May Like

Dow Jones Industrial Average plunges 400 points after Wednesday’s US PMI miss
ForexLive Asia-Pacific FX news wrap: USD/JPY lower
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
How would the bond and FX markets react to Biden dropping out of the race?
Nasdaq fills the gap (well almost) and bounces off 38.2% retracement on the first look

Leave a Reply

Your email address will not be published. Required fields are marked *