Bipartisan Senate group strikes early $1.2 trillion infrastructure agreement as Democrats grow impatient
- A group of 10 senators on Thursday announced an early
- The package does not include tax hikes, and only a fraction of it is new spending.
- It is unclear whether the
White Housewill support the measure.
A bipartisan group of senators announced Thursday evening that they had struck an early infrastructure deal, though it faces major political hurdles in the evenly divided chamber.The faction includes Republican Sens. Mitt Romney of Utah, Rob Portman of Ohio, Bill Cassidy of Louisiana, Lisa Murkowski of Alaska, and Susan Collins of Maine as well as Democratic Sens. Joe Manchin of West Virginia, Kyrsten Sinema of Arizona, Jeanne Shaheen of New Hampshire, Mark Warner of Virginia, and Jon Tester of Montana.
They added that they were "optimistic" they could lay the groundwork to attract major support in
While it would not increase the gas tax, it would index it to inflation, a measure floated by Romney earlier in the day. That's projected to raise $30 billion to $35 billion over 10 years, per Seth Hanlon, a tax expert at the left-leaning Center for American Progress.But the early outlines of the deal faced a steep climb to secure votes in both parties, and it is unclear whether Biden will ultimately support it. "The president appreciates the senators' work to advance critical investments we need to create good jobs, prepare for our clean-energy future, and compete in the global
Congressional Democrats in both the House and the Senate are already setting the stage to use reconciliation, a tactic to approve some bills with only a simple majority. Some were starting to lose patience with the crawling pace of the discussions with Republicans."I don't understand why these [Democrats] want to give away the store when there are only five Republican votes to gain," one Democratic aide, granted anonymity to speak candidly, told Insider. "That's a completely useless number of votes."
The package may also omit a significant chunk of climate priorities sought by many Democrats, imperiling its chances of passing. Biden's two-part economic package includes an array of measures like support to build a network of electric-vehicle charging stations, research in clean energy, and funds to retrofit homes into energy-efficient units.
Several Senate Democrats, including Ron Wyden of Oregon, the chair of the Senate Finance Committee, are threatening to withhold their support from a bipartisan deal if it doesn't sufficiently address the climate crisis. "On a big infrastructure bill, to pass on climate altogether? No way," Wyden told Insider. "Think I'm blunt enough? No way."
- Delhi reports its lowest daily COVID-19 cases in 104 days, records 213 single day COVID-19 cases
- Here’s how to recharge your Reliance Jio on WhatsApp
- India may classify Bitcoin as an asset class, but that may not solve the underlying problem
- Facebook rolls out new chat themes and payment options in Messenger app for US users
- Dodla Dairy's ₹520 crore IPO isn't to expand into new markets but to strengthen its foothold where it already exists