Bipartisan infrastructure deal stalls as bigger plan gains

Bipartisan infrastructure deal stalls as bigger plan gains


WASHINGTON (AP) — A $1 trillion bipartisan infrastructure deal senators struck with President Joe Biden is at risk of stalling out as Republicans mount stiff resistance over ways to pay for it and momentum shifts to a more robust Democratic proposal that could come into focus as soon as Tuesday.

Biden's big infrastructure proposals are moving on parallel tracks in Congress in a race against time and political headwinds to make a once-in-a-generation investment in the nation. Senators from both groups are huddling privately again Tuesday to shore up their proposals. But opposition to the smaller bipartisan package is emerging from business leaders, outside activists and GOP senators, potentially denying it the support that's needed for passage.

“I’m going to take this day by day and participate in the process and see where we end up,” said Sen. Jerry Moran, R-Kan., who was part of the bipartisan group of 21 senators but is not fully committed to the plan.

Paying for the new infrastructure was always going to be a challenge, which is partly why public works investments have lagged over time. Biden has proposed raising taxes on corporations and wealthy Americans earning more than $400,000 a year, which would cover not only the nearly $1 trillion proposal, but also the broader Democratic plan that is now swelling beyond $3.5 trillion. Republicans reject that approach.

Instead, the bipartisan group of senators is racing to salvage its plan, straining to come up with other revenue streams to fund the $1 trillion package, which includes about $579 billion in new spending beyond regular expenditures.

One proposal to go after taxpayers who skip out on income taxes initially had potential bipartisan appeal, but now is being lambasted by the outside groups as a way to enable the IRS to snoop around Americans' personal...

Full Article