President Joe Biden and Sen. Shelley Moore Capito plan to meet again Friday to discuss a possible infrastructure deal.
The talks continue a back-and-forth between the White House and GOP as the parties try to find a path forward on a plan to revamp U.S. transportation, broadband and utilities. Republicans have not backed Biden's proposals to invest in schools, housing, dependent care and green energy as part of a bill, contending it should focus on infrastructure as defined in the past.The president previously trimmed his proposal to $1.7 trillion from $2.3 trillion.
The parties also need to resolve a dispute over how to offset the spending. Biden wants to raise the corporate tax rate to at least 25% from the 21% set as part of the 2017 Republican tax law. He also aims to reduce underpayments by both individuals and companies. Republicans have said they will not revisit their tax legislation. They have instead called to repurpose coronavirus relief money approved earlier this year. The White House has signaled it opposes redirecting funds and has questioned how much of the aid will be left over.
If they cannot reach an agreement with Republicans, Democrats can try to pass an infrastructure bill on their own through budget reconciliation. It would require support from every member of the Senate Democratic caucus in an evenly split chamber.
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