News

White House: Biden meeting this afternoon with GOP on infrastructure

Press Sec. Psaki

  • Pres. Biden meeting this afternoon with GOP on infrastructure
  • Put forth a reasonable counteroffer
  • WH offered a counter proposal on infrastructure from $2.25 trillion to $1.7 trillion
  • Counteroffer reflects the view that Republican offer excludes proposals that are key to US growth
  • Pres. Biden remains opposed to gas tax, user fees, raising taxes on American earning less than 400,000

The White House said that the president will release the details of the proposal later today.

Pres. Biden proposed a $2.25 trillion structure plan. The GOP came back with a $568 million plan.  The plan included raising gas taxes and user fees, which is off the table for Pres. Biden. The president is proposing a rise in the corporate tax rate to pay for the plan.

Invest in yourself. See our forex education hub.

Articles You May Like

Yen Tumbles Broadly, Dollar Digest Gains
EUR/GBP bulls approach 0.8900 with eyes on ECB, BoE announcements
Live Trading (GBPJPY) – $2,333 In 25 Minutes Using Supply & Demand Strategy | FOREX
Forexlive Americas FX news wrap: Bank of England and ECB raise rates by 50 basis points
Ferrari’s profits jump 13% in 2022, supercar maker expects an even better year in 2023

Leave a Reply

Your email address will not be published.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