GOP Counters Biden With $568 Billion Infrastructure Plan
- Plan focuses more on roads, opposes corporate tax hikes
- Electric vehicles, unspent money targeted to pay for plan
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Senior Senate Republicans offered a $568 billion counter to President Joe Biden’s $2.25 trillion jobs package Thursday, one that’s focused on more traditional infrastructure like roads and bridges and doesn’t have the corporate tax hikes that Democrats are seeking.
The five-year plan more than doubles the Biden proposal for roads and bridges -- to $299 billion -- and spends the rest on items including transit, rail, airports, water projects and broadband. It offers few specifics on how to pay for the spending beyond references to taxing electric cars and repurposing unspent funds. It specifically opposes rolling back any of the 2017 GOP tax cuts or adding to the national debt.