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Republicans May Back as Much as $900 Billion in Infrastructure Spending
Posted
April 26, 2021
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0:45Now PlayingRepublicans may be ready to back as much as $900 billion in infrastructure spending, according to a senior senator, though that would still be less than half of President Joe Biden’s proposal.
“There’s a deal to be done on infrastructure, I think,” South Carolina Senator Lindsey Graham said on “Fox News Sunday.”
Rather than an increase in the corporate tax rate to 28% that Republican flatly reject, he suggested “to not pay for some of the infrastructure spending, because I think it over time pays for itself.”
Democrats and Republicans are laying down markers while sounding out bipartisan approaches to Biden’s $2.25 trillion plan before it’s taken up by Congress. The administration needs every Democratic vote in a Senate split 50-50.
The president plans to address Congress on Wednesday night, a speech likely to focus on a second, longer-term economic recovery plan that goes beyond projects regarded as quintessential “infrastructure” to expanding social safety-net programs.
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