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Bipartisan lawmakers prep $878B infrastructure plan as White House-GOP negotiations drag
Biden lowers infrastructure spending plan to $1.4T
Brian Babin on infrastructure spending.
A group of bipartisan, bicameral lawmakers are preparing to reveal a roughly $878 billion infrastructure proposal, to be paid for over the next five to eight years.
Republicans' offer to the White House was a $1.1 trillion offer over eight years. Lawmakers involved in the $878 billion plan include Sens. Joe Manchin, D-W.Va., Kyrsten Sinema, D-Ariz., Mitt Romney, R-Utah, Susan Collins, R-Maine, and Rob Portman, R-Ohio, plus Reps. Josh Gottheimer, D-N.J., and Brian Fitzpatrick, R-Pa. There are still unresolved questions about the amount of new spending, and whether it would be better suited for an eight-year plan rather than the original five.
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One of the pay-fors would be a carbon pricing proposal as a revenue generator: $24 per metric ton, which actually exceeds the standard of the Paris climate accord.
Manchin said Republicans' negotiations with the White House are "moving in the right direction" on "Fox News Sunday."