Bipartisan Group of Senators Reaches Agreement on Infrastructure Proposal

WASHINGTON—Members of a bipartisan group of senators said they had reached an agreement on an infrastructure proposal that would be fully paid for without tax increases, pitching the plan to other lawmakers and the White House as they try to craft compromise legislation on the issue.

While the group of 10 senators didn’t reveal details of the plan in its statement, people familiar with the plan said it called for $579 billion above expected future federal spending on infrastructure. The overall plan would spend $974 billion over five years and $1.2 trillion if it continued over eight years, according to some of the people.with Senate Republicans over an infrastructure plan, instead pivoting his focus to the talks among the group of five Republicans and five Democrats.

“We are discussing our approach with our respective colleagues, and the White House, and remain optimistic that this can lay the groundwork to garner broad support from both parties and meet America’s infrastructure needs,” said the group, which includes Sens. Kyrsten Sinema , Rob Portman and Joe Manchin .

The new proposal is also expected to be paid for in part by repurposing funds from previous Covid-aid packages, said Sen. Shelley Moore Capito , who led the last round of negotiations with Mr. Biden and has talked with members of the bipartisan group. Mr. Biden last week indicated he would be open to using about $75 billion of Covid aid passed during the Trump administration, but administration officials said he wouldn’t siphon any funds from the $1.9 trillion

Remind me, weren't republicans aiming for around this figure in the first place. This ain't a compromise, its submission to republicans.

Rich people got way richer. Trickle down economics is a lie. Charge these rich guys accordingly. Like in the 50s there was very high marginal tax rate.

Middle / working class will pay VAT, sales tax increases, whatever they can squeeze out of them

What happened to Mitch Mcconnell come on tell us !

Pie in the sky

I don’t get this. We have a massive wealth disparity where the rich are overpaid and not paying taxes. There’s a phucking middlex age crisis supply chain phucktwad whose name is Bezos who paid nothin. And raising taxes on the rich is a saving Grace? Eff off.

Tax. The. Rich.

So is the Federal Reserve MONETIZING the debt again? Creating MORE inflation and STEALING wealth from the poorest in society?

Taxing under 400k, i see

If every City in the USA would provide Stake Pool operations this would produce passive income and building upon the Cardano blockchain would provide huge efficiency and liquidity from stranded assets we all take for granted.

Who cares about taxes when the Fed has the printing press!

Russian money?

So complete shit.

Not going anywhere. Window dressing. Lipstick on a pig.

Interesting. Bill started with 'We will make rich pay their fair share' and ends with 'We are raising more debt and public will eventually pay for it.

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