Biden reduces Infrastructure Plan to USD 1.7 Trillion; GOP Wants More Cuts
Biden reduces Infrastructure Plan to USD 1.7 Trillion; GOP Wants More Cuts

WASHINGTON: In a counterproposal to Senate Republicans on Friday, the White House reduced the overall price tag of President Joe Biden's USD 2.3-trillion infrastructure plan to USD 1.7 trillion.

The latest offer would cost USD1.7 trillion over a decade, according to a memo from the White House to Republican Sen. Shelley Moore Capito, of West Virginia, who is spearheading negotiations for the GOP.

The original proposal, dubbed the American Jobs Plan, includes USD621 billion to improve transportation infrastructure, such as roads, bridges and airports, USD300 billion to revitalize US manufacturers and small businesses, USD213 billion for housing infrastructure, as well as USD180 billion to boost the country's research and development, as per reports..

Biden's proposal is widely welcomed by Democrats, but Republicans have lashed out at the plan, arguing that it consists of numerous "far-left demands," and is not targeting actual infrastructure. The counterproposal shifts investment in research and development, supply chains, manufacturing and small businesses, out of the negotiations and into other proposed legislations, White House Press Secretary Jen Psaki said at a press briefing Friday.

Meanwhile, the latest plan also lowers Biden's request on transportation infrastructure and digital infrastructure, which includes funding for broadband, Psaki said, noting that the revised figure would come closer to what was proposed by Republican Senators.

Joe Biden Appoints Sung Kim to Serve As Special Envoy To North Korea

Pakistan-China relations growing day by day: PM Imran Khan

U.S, European Union working to resolve aircraft dispute by July 11


Join NewsTrack Whatsapp group
Related News