Biden infrastructure plan talks end with no deal
(KYMA, KECY/ CNN) - President Joe Biden s infrastructure talks with a Senate GOP group led by West Virginia Republican Shelley Moore Capito broke down on Tuesday.
The two sides have been trying to come to an agreement with major disputes on the cost of the plan and how to pay for it.
The White House is now pivoting to a forthcoming proposal from a bipartisan Senate group led by Democratic Senator Joe Manchin.
The decision to shift focus away from the negotiations with Republicans follows a quick, five minute phone call between Biden and Capito.
Ocasio-Cortez Criticizes SALT Cap Repeal Effort: Stimulus Update Bloomberg 9 hrs ago Bloomberg News
(Bloomberg) Representative Alexandria Ocasio-Cortez criticized calls by a group of House members to repeal the $10,000 cap on deductions for state and local taxes, saying it would be a “giveaway to the rich.” Senate Finance Committee Chairman Ron Wyden separately said it’s “unreasonable” for Republicans to demand that corporations should not pay for roads, bridges and port upgrades.
Meantime, a group of Republican senators said they’ll prepare a counteroffer to President Joe Biden’s $2.25 trillion infrastructure-and-tax plan, without indicating its size or how they’d pay for it. Senator Chris Coons, a key Biden ally, said he’s talking with GOP counterparts about potentially splitting off a bipartisan package of measures from the giant program the White House has pitched.