The Republicans' forthcoming $1 trillion proposal counters Biden's climbdown to $1.7 trillion, but the sides appear no closer to agreeing on taxes.
This week will see the first meeting between Biden and the "big four" of Pelosi, Schumer, McConnell, and McCarthy. Joe Manchin will also get involved.
Democrats say they're skeptical that Republicans truly intend to cut a deal on infrastructure. The GOP's counter was about a quarter of Biden's plan.
Republicans suggested raising the gas tax or implementing a vehicle mileage tax on electric cars to pay for an infrastructure overhaul.
The bank finds the US more reliant on tax revenue from personal income and property, while Biden is "sick and tired of ordinary people being fleeced."
Biden insisted the meeting with both Republican and Democratic lawmakers wasn't just "window dressing" and that he's willing to talk size and scope.
Sen. Roger Wicker says Republicans oppose repealing parts of their 2017 tax law. Biden wants to fund his massive jobs plan with corporate tax hikes.
The package, which included direct payments and funding for state and local governments, did not receive a single GOP vote in the House or Senate.
The legislation authorizes direct payments for most taxpayers, renews unemployment benefits, and provides funding for vaccine distribution.
On Tuesday, voters in Mississippi cast ballots to elect two US senators in the same year. Republican Roger Wicker was projected to win the race at the top of the ballot. And a special election to fill the last two years of retiring Sen. Thad Cochran’s term is headed for […]