Senators will meet with Biden after a potential
breakthrough on a bipartisan infrastructure bill.
https://www.nytimes.com/live/2021/06/24/us/joe-biden-news
White House
negotiators and a group of senators reached a tentative agreement Wednesday
evening on the contours of what would be a bipartisan infrastructure agreement,
with lawmakers set to brief President Biden on Thursday as details were filled
in.
The
framework is expected to increase federal spending by nearly $600 billion to
invest in roads, broadband internet, electric utilities and other federal
infrastructure projects. It is expected to be paid for with a suite of revenue
increases that do not violate either Mr. Biden’s pledge not to raise taxes on
the middle class or Republicans’ red line of not reversing business tax cuts
passed under President Donald J. Trump in 2017, though the details of the
revenue sources have not yet been finalized.
The
senators are scheduled to meet with Mr. Biden and Vice President Kamala Harris
at 11:45 a.m.
Those
revenue increases, which have been a major sticking point in negotiations, are
expected to include heightened enforcement efforts by the Internal Revenue
Service to reduce tax evasion by corporations and high earners, which many
economists say could yield a significant increase in tax collections over time.
They most likely will not include any increases in the tax rates corporations
pay, as Mr. Biden had proposed, or so-called user fees, as Republicans had
proposed.
“There’s a
framework of agreement on a bipartisan infrastructure package,” Senator Susan
Collins, Republican of Maine, told reporters as she left negotiations in the
Capitol. “There’s still details to be worked out.”
“We also
have to brief our respective caucuses,” she added. “But I’m optimistic that
we’ve had a breakthrough.”
The White
House press secretary, Jen Psaki, said in a statement on Wednesday evening that
“White House senior staff had two productive meetings today with the bipartisan
group of senators who have been negotiating about infrastructure.”
“The group
made progress toward an outline of a potential agreement,” she added, “and the
president has invited the group to come to the White House tomorrow to discuss
this in person.”
White House
officials told Senate negotiators on Wednesday that Mr. Biden was prepared to
support the framework once it was finalized with details, according to a person
familiar with the discussions who spoke on condition of anonymity. A White
House spokesman declined to comment beyond Ms. Psaki’s statement.
Sealing a
bipartisan deal would put Mr. Biden firmly on the path to a piecemeal approach
to passing his $4 trillion economic agenda, with a first step focused on a
large-scale investment in the nation’s aging public works system. Senators
refused to disclose details, but a framework previously endorsed by the five
Republicans and five Democrats would provide for $579 billion in new spending
as part of an overall $1.2 trillion package distributed over eight years.
But it
would leave large swaths of the president’s economic proposals — including much
of his spending to combat climate change, along with investments in child care,
education and other types of what administration officials call “human
infrastructure” — for a potential future bill that Democrats would try to pass
through Congress without any Republican votes using a procedural mechanism
known as reconciliation.
— Emily Cochrane and Jim Tankersley
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