Xinhua | Updated: 2021-05-03 20:27 Share CLOSE US President Joe Biden addresses to a joint session of Congress in the House chamber of the US Capitol in Washington, US, April 28, 2021. [Photo/Agencies]
WASHINGTON - US President Joe Biden s $4 trillion spending plans may be a tough sell in Congress, as tax hikes proposed to offset the cost have prompted backlash from Republican lawmakers, and even raised eyebrows among moderate Democrats.
Biden unveiled a $1.8 trillion spending proposal for childcare and education on Wednesday night, when addressing a joint session of Congress, just weeks after putting forward a $2.3 trillion infrastructure plan.
Urging corporate America and the wealthiest 1 percent of Americans to pay their fair share, Biden said his tax policies, which include raising the corporate rate (from 21 percent to 28 percent), the top personal income tax rate (from 37 percent to 39.6 percent) and the capital gains ra
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McConnell shot back at the Democrats’ scheme, “Less than six percent goes to roads and bridges. It’s not remotely targeted towards what Americans think they are getting when politicians campaign on infrastructure.”
“This plan would impose one of the biggest tax hikes in a generation when workers need an economic recovery,” he continued. “It would gut right-to-work protections for blue collar workers. It would throw hundreds of billions to far left’s green fads.”
“They even want to include a special state and local tax provision, designed to overwhelmingly benefit wealthy residents of blue states,” McConnell said.
“But instead of coming up with a better bill, Democrats have decided it’s the English language that needs to change. They are embarking on an Orwellian campaign to convince everybody that any government policy whatsoever can be labeled infrastructure,” McConnell said in earnest.