McConnell says GOP won't support Biden's infrastructure plan, vows to fight Democratic agenda [View all]

[DonViejo]

Source: CNBC


PUBLISHED THU, APR 1 20211:35 PM EDT

Jacob Pramuk
@JACOBPRAMUK

Kevin Breuninger
@KEVINWILLIAMB

KEY POINTS

Senate Minority Leader Mitch McConnell said he sees Republican opposition to President Joe Biden’s infrastructure plan, and vowed to fight the broader Democratic agenda.

The comment all but assures Democrats would have to pass a more than $2 trillion infrastructure proposal on their own, unless they make major changes to win Republican support.

The proposal outlined Wednesday invests in roads, bridges, airports, electric vehicles, broadband and water systems, and raises the corporate tax rate to 28% to offset the spending.

Any hopes that Washington could scrape together a bipartisan infrastructure package took a hit Thursday.

Senate Minority Leader Mitch McConnell, R-Ky., told reporters the more than $2 trillion plan the White House unveiled Wednesday “is not going to get support from our side.” The proposal would invest in roads, bridges, airports, broadband, water systems, electric vehicles and job training programs, and raise the corporate tax rate to 28% to offset the spending.

The Republican also vowed to oppose the broader Democratic agenda under Biden, who passed his first major initiative this month in the $1.9 trillion coronavirus relief package.

“I’m going to fight them every step of the way, because I think this is the wrong prescription for America,” McConnell said at a news conference in Kentucky.



Read more: https://www.cnbc.com/2021/04/01/mcconnell-says-gop-will-oppose-biden-infrastructure-plan.html