Biden infrastructure plan would cost half as much as $1 trillion

8
2 minutes

WASHINGTON, April 27 - A bipartisan group of lawmakers in the U.S. CongressU.S. Congress are working on an alternative to President Joe Biden'sBiden's $2.3 trillion infrastructure plan that would cost roughly half, but spend much more on roads and bridges, said a Democrat senator on Tuesday.

The alternative eight-year plan was discussed by Maryland Governor Larry Hogan and Republicans and Democrats from both the U.S. SenateU.S. Senate and the House of RepresentativesHouse of Representatives last weekend in a meeting that included Louisiana Governor Bill Cassidy and Democrats.

Last week the Senate Republicans unveiled their own five-year, $568 billion infrastructure proposal.

Cassidy said the bipartisan proposal would cost half as much as Biden's and spend three times more to revitalize America's roads and bridges.His description would suggest a traditional figure of just over $ 1 trillion with nearly $300 billion devoted to top infrastructure projects.

He told the package would also include an energy component, but did not elaborate and did not give a timeline for the unveiling of the plan.

And that would be an alternative to the proposition of the President, Cassidy said in a videoconference with Louisiana reporters.

Since it's only half as much, it means that we don't have to raise taxes like the Democrats are, he added.It is a better proposal.

Biden's sweeping plan not only addresses traditional infrastructure and broadband access, but it also seeks to change the course of the U.S. economy by addressing climate change and encouraging social services such as elder care.Biden would pay his plan by lowering the taxes on U.S. corporations.

Biden wants to pass the House Speaker Nancy Pelosi by July.But Republicans and Biden have pushed back, and bipartisan talks have ended in several rounds of bipartisan talks.

On Sunday, the Democratic Senator Joe Manchin, a key Senate swing vote who participated in Wednesday's bipartisan discussions with Biden, said that he would also favor a more targeted approach than Cassidy's plan.I want to read about the recession and what it means for me.

  • Comments
Loading comments...