A number of U.S. Republican senators on Thursday (22) announced a $568 billion (about $4.4 trillion), five-year alternative infrastructure program, focusing on traditional infrastructure projects such as building bridges and roads, compared to President Biden’s $2.3 trillion program is greatly “scaled back. White House spokesman Pusaki said that after Biden’s speech to Congress next week, he plans to invite lawmakers to the White House to discuss.
The cost of these alternatives is lower than the $600 billion to $800 billion that Republicans initially projected. The proposal focuses on traditional transportation infrastructure, with $ 299 billion (about HK$ 2.3 trillion) planned to be spent on improving roads and bridges, nearly double the amount of Biden’s investment in this area; another $ 61 billion (about HK$ 475.8 billion) is allocated for public transportation. Republicans oppose raising money with a corporate tax increase, replacing it with a user fee on electric vehicle drivers and instead using federal funds that have been approved by Congress but not spent.
Sen. Moore Capito (R-Fla.), who has a share of the proposal, described it as the most massive infrastructure package, saying he has formally submitted the plan to the White House and hopes Democrats will respond. Psaki called the Republicans’ proposal a starting point for consultation, saying the Democrats welcome any good faith effort, saying Biden will discuss it with members of Congress at the White House next week.
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