Reps Keller, Thompson cool to Biden spending plan

President Joe Biden speaks about the March jobs report in the State Dining Room of the White House Friday

Biden has proposed funding the package by raising the tax rate on US corporations to 28% from 21% and making it harder for companies to use offshore tax shelters and other methods to reduce their tax burdens.

In the House of Representatives, the Democratic majority is slightly more comfortable, and if there aren't any major defections, Speaker Nancy Pelosi hopes to pass the Biden plan in early July. Biden claimed that the massive investment in U.S. infrastructure will create 19 million jobs in the country which is now suffering from a surge in unemployment caused by the pandemic.

The president also pushed back at Senate Minority leader Mitch McConnell's claim of fighting the Biden infrastructure plan at every step of the way.

Biden's comments came after the group "Business Roundtable" recently condemned the tax hikes for infrastructure, saying it will reduce their opportunities to grow, slow the creation of new jobs and drag on GDP growth.

"My view about infrastructure is, we ought to build that which we can afford and not either whack the economy with major tax increases or run up the national debt", he said.

Like with the $1.9 trillion COVID-19 relief package, Biden indicated he's betting on support from Republican voters, not politicians.

"American rescue plan is starting to make a real difference in the economy".

So far, the Republicans have so been the main critics of the plan to boost corporation tax from 21 percent to 28 percent. "Ordinary Americans", he said.

The Democrat president condemned critics of his plans, suggesting that the GOP should not stand in the way of projects whereby hospitals receive investment or the water systems in American cities are fixed, omitting the fact that the Republicans only oppose the means of paying for these changes.

"I'm going to fight them every step of the way, because I think this is the wrong prescription for America", the Senate's top Republican said during a press conference in his home state of Kentucky. "We need to finish this job", he said.

"I think that package that they're putting together now as much as we would like to address infrastructure is not going to get support from our side", McConnell said Thursday. "This is what "building back better" is all about", Casey said. "We've got a little bit more time here to work and have discussions with members of both parties".



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