© Reuters. FILE PHOTO: U.S. President Biden holds coronavirus response meeting with members of Congress at the White House in Washington


By Jarrett Renshaw

WASHINGTON (Reuters) – U.S. President Joe Biden is scheduled to meet on Monday with a bipartisan group of lawmakers who have all previously served as governors or mayors, as the White House seeks a deal on his more than $2 trillion jobs and infrastructure proposal.

The group is made up of five Democrats, four Republicans and one independent. Senators include John Hickenlooper (D-Colo.), John Hoeven (R-N.D.), Angus King (I-Maine), Mitt Romney (R-Utah), and Jeanne Shaheen (D-N.H.) House Reps. Emanuel Cleaver (D-Mo.), Charlie Crist (D-Fla.), Carlos Giménez (R-Fla.), Kay Granger (R-Texas) and Norma Torres (D-Calif.) will also attend.

Notably, Giménez voted against certifying the 2020 presidential election results after the Jan. 6 storming of the U.S. Capitol by supporters of then-President Donald Trump.

Monday’s meeting will be the second time that Biden will host a bipartisan group of lawmakers to try to craft an infrastructure bill both parties will support. The White House’s welcoming Monday of a lawmaker who tried to block Biden’s presidency outright highlights the hurdles to doing so.

While fixing the country’s crumbling roads and bridges, and asking companies to pay the bill is popular with U.S. voters, Republicans in Congress say the bill Biden has proposed is too big and mostly oppose raising corporate taxes.

Last week, Biden met with eight members of Congress in the Oval Office for nearly two hours; afterwards, Republicans indicated little signs of support.

Biden is pushing a more than $2 trillion jobs-and-infrastructure proposal, branded the American Jobs Plan, that calls for spending on traditional infrastructure projects like roads and bridges alongside other priorities like addressing climate change and expanding access to home and community-based care.

The money allocated would be spent over eight years and be paid for by increasing the corporate tax rate from 21% to 28% and by limiting the ability of American firms to avoid taxes by shifting profits overseas.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link