{"id":127819,"date":"2021-06-06T19:58:10","date_gmt":"2021-06-06T19:58:10","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127819"},"modified":"2021-06-06T19:58:10","modified_gmt":"2021-06-06T19:58:10","slug":"bipartisan-lawmakers-prep-878b-infrastructure-plan-as-white-house-gop-negotiations-drag","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/bipartisan-lawmakers-prep-878b-infrastructure-plan-as-white-house-gop-negotiations-drag\/","title":{"rendered":"Bipartisan lawmakers prep $878B infrastructure plan as White House-GOP negotiations drag"},"content":{"rendered":"
Brian Babin on infrastructure spending.<\/p>\n
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.<\/p>\n
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.<\/p>\n
BIDEN'S MINIMUM CORPORATE TAX RATE PLAN COULD BOOMERANG FOR US<\/strong> <\/strong><\/p>\n 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.<\/p>\n Manchin said Republicans' negotiations with the White House are "moving in the right direction" on "Fox News Sunday."<\/p>\n