The White House has been holding talks on an infrastructure proposal with Republican Senator Shelley Moore Capito.
Biden initially proposed spending of $2.3 trillion on infrastructure but later reduced the proposal to $1.7 trillion. Republicans sent the White House a $928 billion counteroffer last week, according to CNBC.
There is also disagreement over how it will be paid for, with Biden favoring an increase in the corporate tax rate from 21 percent to at least 25 percent and reduce underpayments. Republicans instead want to repurpose COVID-19 relief funds. On Wednesday, Biden had a"constructive and frank conversation" with Capito and"the two agreed to reconnect on Friday," according to a White House statement.on Sunday an agreement was possible.
"I think we can get to real compromise, absolutely, because we're both still in the game," Capito said."We realize this is not easy. I think we bring every idea that's on the table into the negotiations to see how we can achieve this and get it across the threshold." Democrats could potentially pass an infrastructure bill through budget reconciliation - the same process they usedNewsweekSenator Bernie Sanders talks to reporters in the Senate subway on his way to the fourth day of the Senates second impeachment trial of former President Donald Trump at the U.S. Capitol on February 12, 2021 in Washington, DC. Sanders has said Democrats should pass an infrastructure bill without Republican support.
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