'Every step of the way': McConnell pledges battle over Biden infrastructure plan
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
TUESDAY, MAY 24, 2022
TUESDAY, MAY 24, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
'Every step of the way': McConnell pledges battle over Biden infrastructure plan

World+Biz

Reuters
02 April, 2021, 10:10 am
Last modified: 02 April, 2021, 10:14 am

Related News

  • Washington in touch with Dhaka on newly launched IPEF
  • Biden's Asian economic talks include 13 countries, and no China
  • Biden says weighs reducing tariffs on China, asking OPEC to pump more oil
  • Third possible case of monkeypox found in the US
  • Biden, on inaugural Asia visit, says he would be willing to use force to defend Taiwan

'Every step of the way': McConnell pledges battle over Biden infrastructure plan

A day after the Democratic president unveiled his “American Jobs Plan” in Pittsburgh, the Senate’s top Republican said Biden has no public mandate for the proposal and predicted that Republicans would not support it

Reuters
02 April, 2021, 10:10 am
Last modified: 02 April, 2021, 10:14 am
FILE PHOTO: US Senate Majority Leader Mitch McConnell (R-KY) faces reporters with fellow Senate Republicans following their weekly policy lunch on Capitol Hill in Washington, US, January 7, 2020. REUTERS/Leah Millis/File Photo
FILE PHOTO: US Senate Majority Leader Mitch McConnell (R-KY) faces reporters with fellow Senate Republicans following their weekly policy lunch on Capitol Hill in Washington, US, January 7, 2020. REUTERS/Leah Millis/File Photo

President Joe Biden on Thursday faced the prospect of all-out political war with Republicans over his $2 trillion blueprint to revitalize America's infrastructure, with a top Democrat also offering only partial support over how to pay for the package.

A day after the Democratic president unveiled his "American Jobs Plan" in Pittsburgh, the Senate's top Republican said Biden has no public mandate for the proposal and predicted that Republicans would not support it. Biden's plan combines spending on roads and bridges with climate change initiatives and human services like elder care.

"I'm going to fight them every step of the way, because I think this is the wrong prescription for America," Senate Minority Leader Mitch McConnell told a news conference in Owensboro, Kentucky.

"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 added.

Meanwhile, a key House of Representatives Democrat said lawmakers could significantly change the tax proposals included in Biden's plan.

"We will accept some of what he is proposing," said Democratic Representative Richard Neal, who chairs the tax-writing House Ways and Means Committee.

"If we can improve upon the president's proposal, we want to do that," Neal added.

Biden wants to cover the cost of the plan by raising corporate tax rates and making it harder for the companies to use offshore tax shelters. Neal said he would consider bonds and expanded tax credits to pay for it.

Democrats control both chambers of Congress by narrow margins. Passage could be difficult if Republicans line up against the plan.

Some liberal Democrats have said the bill should be dramatically bigger. Moderate Democrats have said it must increase federal tax deductions for state and local taxes, a step that House Speaker Nancy Pelosi said on Thursday she would support.

The scope of the infrastructure package could also give pause to some moderate Senate Democrats.

House Democrats have said they hope to pass Biden's infrastructure package by July 4. Much of the legislation could be written in the first week of May, Pelosi said. The White House said Biden would like to see the plan passed by this summer.

Without Republican support, Democrats might have to resort to a parliamentary procedure that would enable it to pass the 100-seat Senate with a simple majority vote rather than the 60 votes needed to advance most legislation. However, that could require them to drop elements that do not affect taxes and spending, such as provisions that would make it easier for workers to organize labor unions.

Global Economy

Mitch McConnell / Biden Presidency / USA

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The road lanes of the Padma Multipurpose Bridge are scheduled to be inaugurated this year. Photo: Mumit M
    Padma Bridge to be opened to public on 25 June
  • Representational image. Picture: Pixabay
    Govt raises regulatory duty to discourage imports of 130 products
  • Prime Minister Sheikh Hasina. TBS Sketch.
    Prolonged repatriation may push Rohingyas to crimes, PM Hasina tells UNHCR

MOST VIEWED

  • F-35A fighter jets are seen during a military exercise "Elephant Walk" at an airbase, in this handout provided by the South Korean Defense Ministry on March 25, 2022. South Korean Defense Ministry/Handout via REUTERS
    Two Iranian pilots killed after F7 jet crashes
  • A representation of virtual currency Bitcoin and small toy figures are placed on computer motherboard in this illustration taken January 7, 2021. REUTERS/Dado Ruvic/File Phot
    One in ten euro zone households owns crypto-assets: ECB survey
  • An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan January 18, 2019, in this photo taken by Kyodo. Photo :Reuters
    Oil drops on recession fears and China Covid curbs
  • FILE PHOTO: Flood-affected people stand on a road damaged by the flood waters after heavy rains in Nagaon district, in the northeastern state of Assam, India May 19, 2022. REUTERS/Anuwar Hazarika
    Floods kill 25 in India's Assam, displace thousands
  • People visit the congress center, the venue of the upcoming World Economic Forum 2022 (WEF), in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann
    Davos booster for $18 billion fund to fight AIDS, tuberculosis and malaria
  • FILE PHOTO: Ukrainian refugees that were granted free accommodation by the hotel owner Krzystof Ciszewski, are pictured at their room in Bratkowice, Poland April 29, 2022. REUTERS/Kuba Stezycki
    After three months, host cities struggle to find jobs, homes for Ukraine refugees

Related News

  • Washington in touch with Dhaka on newly launched IPEF
  • Biden's Asian economic talks include 13 countries, and no China
  • Biden says weighs reducing tariffs on China, asking OPEC to pump more oil
  • Third possible case of monkeypox found in the US
  • Biden, on inaugural Asia visit, says he would be willing to use force to defend Taiwan

Features

The balcony railings of the Boro Sardar Bari in Sonargaon. Made of cast iron, these railings feature vertical posts with intricate designs on top. Photo: Noor-A-Alam

The evolution of railing and grille designs

4h | Habitat
A Russian army service member fires a howitzer during drills at the Kuzminsky range in the southern Rostov region, Russia January 26, 2022. REUTERS/Sergey Pivovarov/File Photo

3 months of Ukraine war : Miscalculations, resistance and redirected focus

5h | Analysis
Musk is denying the sexual harassment allegation that surfaced this week. Photo: Bloomberg

Elon Musk’s crazily banal week 

23h | Panorama
Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

1d | Brands

More Videos from TBS

The story of an 8 thousand gramophone records collector

The story of an 8 thousand gramophone records collector

1h | Videos
How to maintain a good relationship with colleagues

How to maintain a good relationship with colleagues

5h | Videos
Why are Duranta TV shows popular?

Why are Duranta TV shows popular?

18h | Videos
Donbas is hell, says Zelenskiy

Donbas is hell, says Zelenskiy

19h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

4
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

5
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

6
The reception is a volumetric box-shaped room that has two glass walls on both the front and back ends and the other two walls are adorned with interior plants, wood and aluminium screens. Photo: Noor-A-Alam
Habitat

The United House: Living and working inside nature

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab