MCYR
2021-06-03
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Biden’s Latest Infrastructure Offer: $1 Trillion
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Capito but negotiators remain far apart\nPresiden","content":"<p>President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a73000e49cd3c2a78cd0b5221f09e96f\" tg-width=\"1260\" tg-height=\"840\"><span>President Biden signaled he remained committed to paying for the infrastructure plan with corporate tax increases.</span></p>\n<p>WASHINGTON—President Biden told a top Senate Republican that he wants $1 trillion in new spending in infrastructure legislation, according to people briefed on the matter, a proposal that still leaves the president far apart from GOP lawmakers.</p>\n<p>During a Wednesday afternoon White House meeting with Sen. Shelley Moore Capito (R., W.Va.), Mr. Biden laid out his $1 trillion proposal and signaled he remained committed to paying for the plan with corporate tax increases, the people said. Any new spending would be on top of a $400 billion baseline over five years, one of the people said, referring to projected federal spending if current programs continued.</p>\n<p>Previously, Mr. Biden had proposed a $1.7 trillion offer, all of which was above baseline levels. Congress will need to set new baseline spending by the end of this fiscal year.</p>\n<p>Senate Republicans unveiled a plan last week to spend $928 billion over eight years to update roads, bridges, rail and transit systems. That offer is an increase from the GOP’s original five-year $568 billion proposal, but only about $257 billion of their latest proposal is above baseline levels, according to the Republicans.</p>\n<p>Mrs. Capito and other Senate Republicans working on the compromise infrastructure legislation are discussing making a counteroffer to the White House on Friday, when Mr. Biden and Mrs. Capito are planning to speak again.Politico first reported Mr. Biden’s offer.</p>\n<p>Biden administration officials have said infrastructure talks need to show a clear direction toward an agreement by the time Congress returns from its recess on June 7. Another group of lawmakers, including Sens. Mitt Romney (R., Utah) and Joe Manchin (D., W.Va.), have been holding their own discussions on infrastructure, preparing a plan to release if the talks between Republicans and the White House fall apart.</p>\n<p>Some Democrats urged Mr. Biden to move forward without Republicans.</p>\n<p>“If Republicans don’t want to cooperate and help us seriously address the many crises we’re facing today, then, yes, we have to move forward without them,” Sen. Bernie Sanders (I., Vt.) tweeted Wednesday. Mr. Sanders is the chair of the Budget Committee which would be involved in any effort to pass the bill along party lines.</p>\n<p>Under the reconciliation process, lawmakers pass a budget resolution that then provides committees with instructions to craft legislation meeting the budget’s target. That process allows lawmakers to pass bills in the Senate with just a simple majority, rather than the 60 votes most bills require.</p>\n<p>The Senate is split evenly between Democrats and Republicans. Top Democrats have said they are open to using reconciliation, though the entire party would need to be on board. Vice President Kamala Harris could act as the tiebreaking vote.</p>\n<p>Democrats already used reconciliation to pass a $1.9 trillion coronavirus relief package earlier this year using the budget tied to fiscal year 2021, which ends Sept. 30. Although the Senate parliamentarian, the nonpartisan official who gives guidance about what is permitted, has indicated that lawmakers could technically use the same budget resolution to pass additional legislation, her subsequent guidance has indicated that could be cumbersome and run into procedural challenges, according to a copy of the ruling viewed by The Wall Street Journal.</p>\n<p>Democrats have indicated they will likely try to pass a fiscal year 2022 budget resolution that could be used for passing additional legislation under reconciliation. Mr. Biden released a $6 trillion budget request to Congress Friday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden’s Latest Infrastructure Offer: $1 Trillion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden’s Latest Infrastructure Offer: $1 Trillion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 21:20 GMT+8 <a href=https://www.wsj.com/articles/bidens-latest-infrastructure-offer-1-trillion-11622725783?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart\nPresident Biden signaled he remained committed to paying for the infrastructure plan with corporate tax ...</p>\n\n<a href=\"https://www.wsj.com/articles/bidens-latest-infrastructure-offer-1-trillion-11622725783?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/bidens-latest-infrastructure-offer-1-trillion-11622725783?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101812999","content_text":"President floated proposal in meeting with GOP Sen. Capito but negotiators remain far apart\nPresident Biden signaled he remained committed to paying for the infrastructure plan with corporate tax increases.\nWASHINGTON—President Biden told a top Senate Republican that he wants $1 trillion in new spending in infrastructure legislation, according to people briefed on the matter, a proposal that still leaves the president far apart from GOP lawmakers.\nDuring a Wednesday afternoon White House meeting with Sen. Shelley Moore Capito (R., W.Va.), Mr. Biden laid out his $1 trillion proposal and signaled he remained committed to paying for the plan with corporate tax increases, the people said. Any new spending would be on top of a $400 billion baseline over five years, one of the people said, referring to projected federal spending if current programs continued.\nPreviously, Mr. Biden had proposed a $1.7 trillion offer, all of which was above baseline levels. Congress will need to set new baseline spending by the end of this fiscal year.\nSenate Republicans unveiled a plan last week to spend $928 billion over eight years to update roads, bridges, rail and transit systems. That offer is an increase from the GOP’s original five-year $568 billion proposal, but only about $257 billion of their latest proposal is above baseline levels, according to the Republicans.\nMrs. Capito and other Senate Republicans working on the compromise infrastructure legislation are discussing making a counteroffer to the White House on Friday, when Mr. Biden and Mrs. Capito are planning to speak again.Politico first reported Mr. Biden’s offer.\nBiden administration officials have said infrastructure talks need to show a clear direction toward an agreement by the time Congress returns from its recess on June 7. Another group of lawmakers, including Sens. Mitt Romney (R., Utah) and Joe Manchin (D., W.Va.), have been holding their own discussions on infrastructure, preparing a plan to release if the talks between Republicans and the White House fall apart.\nSome Democrats urged Mr. Biden to move forward without Republicans.\n“If Republicans don’t want to cooperate and help us seriously address the many crises we’re facing today, then, yes, we have to move forward without them,” Sen. Bernie Sanders (I., Vt.) tweeted Wednesday. Mr. Sanders is the chair of the Budget Committee which would be involved in any effort to pass the bill along party lines.\nUnder the reconciliation process, lawmakers pass a budget resolution that then provides committees with instructions to craft legislation meeting the budget’s target. That process allows lawmakers to pass bills in the Senate with just a simple majority, rather than the 60 votes most bills require.\nThe Senate is split evenly between Democrats and Republicans. Top Democrats have said they are open to using reconciliation, though the entire party would need to be on board. Vice President Kamala Harris could act as the tiebreaking vote.\nDemocrats already used reconciliation to pass a $1.9 trillion coronavirus relief package earlier this year using the budget tied to fiscal year 2021, which ends Sept. 30. Although the Senate parliamentarian, the nonpartisan official who gives guidance about what is permitted, has indicated that lawmakers could technically use the same budget resolution to pass additional legislation, her subsequent guidance has indicated that could be cumbersome and run into procedural challenges, according to a copy of the ruling viewed by The Wall Street Journal.\nDemocrats have indicated they will likely try to pass a fiscal year 2022 budget resolution that could be used for passing additional legislation under reconciliation. Mr. Biden released a $6 trillion budget request to Congress Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":9,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/118815753"}
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