Biden rejects GOP counteroffer amid infrastructure spending negotiations

For the past several weeks, President Joe Biden has engaged in negotiations on infrastructure spending with certain Republican lawmakers, such as Sen. Shelly Moore Capito (R-WV), and while both sides have made some concessions in search of agreement, there remains a wide gulf between them.

On Friday, the White House revealed that Biden had rejected Capito’s latest counteroffer as it did not increase spending over the GOP’s initial offer as much as he had wanted, Breitbart reported.

The first major sticking point holding up negotiations is the fact that Democrats want a massive spending bill covering a wide range of issues while Republicans prefer a smaller bill focused more narrowly on traditional infrastructure. The other hold-up is how to pay for it all, as the GOP has balked at Biden’s proposed tax hikes.

Still no agreement

According to a statement from White House press secretary Jen Psaki, Biden spoke with Capito and listened to her latest offer that included an additional $50 billion in spending on top of what had previously been put forward.

“The President expressed his gratitude for her effort and goodwill, but also indicated that the current offer did not meet his objectives to grow the economy, tackle the climate crisis, and create new jobs,” Psaki said.

She added that Biden had made it clear he was open to a continuation of negotiations on an infrastructure package and that the president and senator were scheduled to speak again Monday.

GOP nearly doubled counteroffer proposals

Last week, Capito’s office shared a news article tracking the ongoing negotiations on infrastructure spending which showed that, prior to the latest offer of an extra $50 billion, Republicans put forward an eight-year plan costing taxpayers an estimated $928 billion.

That was a substantial increase over an initial GOP counteroffer of a five-year $568 billion plan, but still not to Biden’s liking.

Biden, meanwhile, has put forward some concessions of his own, as he has reduced his initial demand of $2.3 trillion down to $1.7 trillion.

Tax increases

CNBC reported Friday that the president has also relented somewhat in his demand for a rollback of some of the 2017 tax cuts to help pay for the exorbitant spending, particularly with regard to his proposed increase of the corporate tax rate from 21% to 28%, something that Republicans have stridently opposed.

Biden has suggested a smaller increase of the corporate tax rate to 25% — which Republicans still oppose — as well as a proposal of creating a 15% minimum rate for corporations that would eliminate various loopholes some corporations are able to exploit to avoid the 21% rate.

Negotiations are expected to continue next week, and Biden has made it clear that he will settle for nothing less than at least $1 trillion in new spending with some tax hikes, perhaps around the margins, in order to pay for it. It remains to be seen if either side will be willing to make any further concessions.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

14 Responses

    1. I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online by follow instruction on

      the given website…………….

      1. What does any of these posts have to do with the article dealing with the debate about spending for infastructure? Delete everyone of them.

  1. a month online. It’s enough to comfortably replace my old jobs income, especially considering I only work about 11 to 12 hours a week from home. I was amazed how easy it was after I tried it…GOOD LUCK..
    HERE ➤➤W­W­W.P­A­Y­B­U­Z­Z­1.C­O­M

  2. You Might Like
  3. I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,

    Here is I started.…………… https://www.CashApp1.Com

  4. A divorced mother with 4 children lost her job in the pandemic, but with an online study she found on the internet, Biden to win & gift the jobs for house Wife, she managed to stay at the top by continuously banking $ 15,000 a week. It’s easy, just follow the instructions on the home page, read carefully from beginning to end Check Details….

  5. Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home.HKJ I have joined this action 2 months back and I have earned $31547 in my first month from this action. I can say my life is improved completely!
    Take a gander at it what I do…..

  6. Here is Job opportunity for everyone! Because of Corona Work from comfort of your home, on your computer And you can work with your own working hours. You can work this job As part time or As A full time job. You can Earns up to $1000 per Day by way of work is simple on the web. It’s easy, just follow instructions on home page,

    read it carefully from start to finish Check The Details……

  7. It would seem to me that Biden and his people (handlers ) only want it their way no compromise’s.

  8. $16,000 or even more is very simple and easy to earns while staying and working online. start receiving paychecks every month simply by doing work online. i recently received $17493 in my bank of my last month’s working. i just gave this job 2 hours maximum from my day. simple and easy home based job. go here for info >……………………………………..

  9. I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,
    Here is I started.…………… https://WWW.CashApp1.Com

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Posts