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McConnell suggests targeted infrastructure plan without changes to 2017 tax cuts

EconomyApr 07, 2021 05:01PM ET
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© Reuters. FILE PHOTO: McConnell speaks after Senate Republican lunch at the U.S. Capitol in Washington

WASHINGTON (Reuters) - U.S. Senate Minority Leader Mitch McConnell said on Wednesday that infrastructure legislation could win support from Republicans in Congress if it targets traditional projects involving roads, bridges and broadband and does not unwind 2017 tax cuts.

"If we could agree on what the definition of infrastructure is – and I think it clearly must include roads and bridges and broadband – there may be a way forward. But it needs to be credibly paid for, not through completely revisiting the tax reform act of 2017," McConnell told a press conference in Madisonville, Kentucky.

His remarks came after President Joe Biden said he was willing to listen to alternatives to his sweeping $2 trillion infrastructure proposal, which would fund traditional projects but also seek to change the course of the U.S. economy by addressing climate change and boosting human services such as elder care.

The president is expected to meet with Democratic and Republican lawmakers on infrastructure in coming weeks.

But McConnell, the top Senate Republican, made it clear that he does not favor Biden's broad-based approach, which he has described as "a Trojan horse" for massive tax increases and unnecessary spending.

The Biden plan would be financed by higher taxes on U.S. corporations, including an increase to 28% in the current 21% corporate tax rate that Republicans set in 2017.

McConnell suggests targeted infrastructure plan without changes to 2017 tax cuts
 

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Umi Williams
Umi Williams 1 hour ago
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𝚌𝗵𝗲𝗰𝗸 𝘁𝗵𝗶𝘀 𝘂𝗿𝗹 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗼𝘂𝘁: 𝐮𝐣𝐞𝐣𝐬𝐜𝐚.𝐦𝐥. 𝚒𝘁 𝘄𝗼𝘂𝗹𝗱 𝗯𝗲 𝗹𝗶𝗸𝗲 𝗵𝗮𝘃𝗶𝗻𝗴 𝗮 𝗿𝗼𝗮𝗱𝗺𝗮𝗽 𝘁𝗵𝗮𝘁 𝘁𝗲𝗹𝗹𝘀 𝘆𝗼𝘂 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝘄𝗵𝗲𝗿𝗲 𝘁𝗼 𝗴𝗼 𝗮𝗻𝗱 𝘄𝗵𝗮𝘁 𝘁𝗼 𝗱𝗼, 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗮𝗻𝘆 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝗺𝗮𝗿𝗸𝘀. 𝚒𝗳 𝘆𝗼𝘂 𝗵𝗮𝗱 𝗮 𝗺𝗮𝗽 𝗹𝗶𝗸𝗲 𝘁𝗵𝗮𝘁, 𝚒 𝗯𝗲𝘁 𝘆𝗼𝘂 𝘄𝗼𝘂𝗹𝗱 𝘀𝘁𝗮𝗿𝘁 𝘁𝗮𝗸𝗶𝗻𝗴 𝗲𝘃𝗲𝗿𝘆 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘆𝗼𝘂 𝗰𝗮𝗻 𝘁𝗼 𝗲𝗮𝗿𝗻 𝗺𝗼𝗻𝗲𝘆. 𝚑𝗲𝗿𝗲'𝘀 𝘁𝗵𝗲 𝗰𝗿𝗮𝘇𝘆 𝗽𝗮𝗿𝘁. 𝚍𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝘀𝗵𝗼𝗿𝘁 𝘃𝗶𝗱𝗲𝗼, 𝚒 𝘄𝗶𝗹𝗹 𝘀𝗵𝗼𝘄 𝘆𝗼𝘂 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗵𝗼𝘄 𝘁𝗼 𝗱𝗼 𝘁𝗵𝗶𝘀. 𝚒'𝗺 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝗴𝗶𝘃𝗲 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗿𝗼𝗮𝗱𝗺𝗮𝗽 𝗮𝗻𝗱 𝘆𝗼𝘂'𝗹𝗹 𝘀𝘁𝗮𝗿𝘁 𝗺𝗮𝗸𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗺𝗼𝗻𝗲𝘆 𝘁𝗵𝗮𝗻 𝘆𝗼𝘂 𝗲𝘃𝗲𝗿 𝘁𝗵𝗼𝘂𝗴𝗵𝘁 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲.
Angelica Flores
Angelica Flores 1 hour ago
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𝚑𝐨𝐰 𝐝𝐨𝐞𝐬 𝐥𝐢𝐟𝐞 𝐟𝐞𝐞𝐥 𝐰𝐡𝐞𝐧 𝐦𝐨𝐧𝐞𝐲 𝐢𝐬 𝐧𝐨𝐭 𝐚𝐧 𝐢𝐬𝐬𝐮𝐞? 𝘄𝐡𝐚𝐭 𝐢𝐬 𝐢𝐭 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐡𝐚𝐯𝐞 𝐚𝐥𝐥 𝐲𝐨𝐮𝐫 𝐛𝐢𝐥𝐥𝐬 𝐚𝐧𝐝 𝐝𝐞𝐛𝐭𝐬 𝐩𝐚𝐢𝐝 𝐢𝐧 𝐟𝐮𝐥𝐥? 𝘄𝐡𝐞𝐧 𝐜𝐚𝐧 𝐲𝐨𝐮 𝐝𝐨 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭, 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭? 𝘁𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐰𝐨𝐧𝐝𝐞𝐫 𝐚𝐧𝐲𝐦𝐨𝐫𝐞. 𝘁𝐡𝐢𝐬 𝐚𝐩𝐩 𝐢𝐬 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐨𝐫𝐝𝐢𝐧𝐚𝐫𝐲 𝐩𝐞𝐨𝐩𝐥𝐞 𝐢𝐧𝐭𝐨 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐚𝐢𝐫𝐞𝐬 𝐚𝐧𝐝 𝐡𝐞𝐥𝐩𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐟𝐢𝐧𝐚𝐥𝐥𝐲 𝐥𝐢𝐯𝐞 𝐭𝐡𝐞 𝐥𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐝𝐫𝐞𝐚𝐦𝐬. 𝚑𝐞𝐫𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤:𝗺𝗼𝗽𝗲𝘁𝗷𝗮.𝗰𝗳
Lauren Smith
Lauren Smith 2 hours ago
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𝘁𝗵𝗶𝘀 𝗹𝗶𝗻𝗸 𝗲𝘅𝗽𝗶𝗿𝗲𝘀 𝗶𝗻 24 𝗵𝗼𝘂𝗿𝘀. 𝚒'𝗹𝗹 𝘀𝗮𝘆 𝗶𝘁 𝗯𝗲𝗳𝗼𝗿𝗲 𝗮𝗻𝗱 𝚒'𝗹𝗹 𝘀𝗮𝘆 𝗶𝘁 𝗮𝗴𝗮𝗶𝗻. 𝚖𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝗹𝗶𝗸𝗲 𝘁𝗵𝗶𝘀 𝗮𝗽𝗽𝗲𝗮𝗿 𝗼𝗻𝗰𝗲 𝗮 𝗱𝗲𝗰𝗮𝗱𝗲. 𝚊𝗻𝗱 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝗹𝘂𝗰𝗸𝘆 𝗲𝗻𝗼𝘂𝗴𝗵 𝘁𝗼 𝗴𝗲𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗹𝗶𝗻𝗸 (𝗼𝗻𝗹𝘆 50 𝗽𝗲𝗼𝗽𝗹𝗲 𝗮𝗰𝗰𝗲𝗽𝘁𝗲𝗱 𝘄𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲 𝗲𝗮𝗰𝗵 𝗺𝗼𝗻𝘁𝗵). 𝚒𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗺𝗶𝗹𝗹𝗶𝗼𝗻𝗮𝗶𝗿𝗲 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝘀𝘁𝗼𝗿𝘆 𝗽𝗿𝗼𝗱𝘂𝗰𝗲𝗱 𝗯𝘆 𝘁𝗵𝗶𝘀 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝘀𝘆𝘀𝘁𝗲𝗺, 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘁𝗵𝗶𝘀 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 24 𝗵𝗼𝘂𝗿𝘀. 𝚏𝗼𝗿𝗴𝗲𝘁 𝗮𝗯𝗼𝘂𝘁 𝗶𝘁, 𝗱𝗼 𝗶𝘁 𝗻𝗼𝘄 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗿𝘂𝘀𝘁 𝗺𝗲, 𝘆𝗼𝘂 𝚍𝚘 𝚗𝚘𝘁 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗲𝗻𝗱 𝘂𝗽 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗼𝘂𝘁 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗼𝘂𝘁𝘀𝗶𝗱𝗲. 𝚍𝗲𝘁𝗮𝗶𝗹𝘀 𝗵𝗲𝗿𝗲: 𝗆𝗈𝗉𝖾𝗍𝗃𝖺.𝖼𝖿
Toby Tufa
Toby Tufa 4 hours ago
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𝚑𝗈𝗐 𝖽𝗈𝖾𝗌 𝗅𝗂𝖿𝖾 𝖿𝖾𝖾𝗅 𝗐𝗁𝖾𝗇 𝗆𝗈𝗇𝖾𝗒 𝗂𝗌 𝗇𝗈𝗍 𝖺𝗇 𝗂𝗌𝗌𝗎𝖾? 𝘄𝗁𝖺𝗍 𝗂𝗌 𝗂𝗍 𝗅𝗂𝗄𝖾 𝗍𝗈 𝗁𝖺𝗏𝖾 𝖺𝗅𝗅 𝗒𝗈𝗎𝗋 𝖻𝗂𝗅𝗅𝗌 𝖺𝗇𝖽 𝖽𝖾𝖻𝗍𝗌 𝗉𝖺𝗂𝖽 𝗂𝗇 𝖿𝗎𝗅𝗅? 𝘄𝗁𝖾𝗇 𝖼𝖺𝗇 𝗒𝗈𝗎 𝖽𝗈 𝗐𝗁𝖺𝗍 𝗒𝗈𝗎 𝗐𝖺𝗇𝗍, 𝗐𝗁𝖾𝗇 𝗒𝗈𝗎 𝗐𝖺𝗇𝗍? 𝘁𝗁𝖾𝗋𝖾 𝗂𝗌 𝗇𝗈 𝗇𝖾𝖾𝖽 𝗍𝗈 𝗐𝗈𝗇𝖽𝖾𝗋 𝖺𝗇𝗒𝗆𝗈𝗋𝖾. 𝘁𝗁𝗂𝗌 𝖺𝗉𝗉 𝗂𝗌 𝗍𝗎𝗋𝗇𝗂𝗇𝗀 𝗈𝗋𝖽𝗂𝗇𝖺𝗋𝗒 𝗉𝖾𝗈𝗉𝗅𝖾 𝗂𝗇𝗍𝗈 𝗆𝗂𝗅𝗅𝗂𝗈𝗇𝖺𝗂𝗋𝖾𝗌 𝖺𝗇𝖽 𝗁𝖾𝗅𝗉𝗂𝗇𝗀 𝗍𝗁𝖾𝗆 𝖿𝗂𝗇𝖺𝗅𝗅𝗒 𝗅𝗂𝗏𝖾 𝗍𝗁𝖾 𝗅𝗂𝖿𝖾𝗌𝗍𝗒𝗅𝖾 𝗈𝖿 𝗍𝗁𝖾𝗂𝗋 𝖽𝗋𝖾𝖺𝗆𝗌. 𝚑𝖾𝗋𝖾 𝗂𝗌 𝗍𝗁𝖾 𝗅𝗂𝗇𝗄:𝖺𝖽𝖾𝗂𝖽𝗄𝖺.𝗍𝗄
Umi Williams
Umi Williams 5 hours ago
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𝚒𝐭'𝐬 𝐫𝐞𝐚𝐥𝐥𝐲 𝐧𝐨𝐭 𝐟𝐚𝐢𝐫 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐭𝐡𝐚𝐭 𝐦𝐮𝐜𝐡 𝐦𝐨𝐧𝐞𝐲.𝘀𝐨 𝚒 𝐬𝐢𝐠𝐧𝐞𝐝 𝐮𝐩 𝐰𝐢𝐭𝐡 𝐭𝐡𝐢𝐬 𝐦𝐨𝐧𝐞𝐲 𝐬𝐲𝐬𝐭𝐞𝐦 𝐚 𝐟𝐞𝐰 𝐰𝐞𝐞𝐤𝐬 𝐚𝐠𝐨 𝐚𝐧𝐝 𝐞𝐯𝐞𝐫 𝐬𝐢𝐧𝐜𝐞. 𝘀𝐨𝐦𝐞𝐡𝐨𝐰 𝚒 𝐡𝐚𝐯𝐞 𝐚𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐞𝐝 𝐨𝐯𝐞𝐫 $ 100,000 𝐢𝐧 𝐩𝐫𝐨𝐟𝐢𝐭. 𝚒 𝐬𝐚𝐲 "𝐬𝐨𝐦𝐞𝐡𝐨𝐰" 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝚒'𝐦 𝐧𝐨𝐭 𝐪𝐮𝐢𝐭𝐞 𝐬𝐮𝐫𝐞 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐰𝐨𝐫𝐤𝐬. 𝚊𝐥𝐥 𝚒 𝐤𝐧𝐨𝐰 𝐢𝐬 𝐭𝐡𝐚𝐭 𝐦𝐲 𝐛𝐚𝐧𝐤 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐧𝐝 𝚒 𝐡𝐚𝐫𝐝𝐥𝐲 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐰𝐨𝐫𝐤 𝐭𝐨 𝐝𝐨 𝘁𝐡𝐞 𝐬𝐲𝐬𝐭𝐞𝐦 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐭𝐨 𝐚𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐞 𝐡𝐚𝐫𝐝 𝐜𝐚𝐬𝐡. 𝘁𝐫𝐲 𝐢𝐭 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟: 𝐚𝐝𝐞𝐢𝐝𝐤𝐚.𝐭𝐤
Tre Hsi
Tre Hsi Apr 08, 2021 12:07PM ET
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funny how now all of the sudden Moscow Mitch is open to some compromises, after the Senate Parliamentarian ruled that the reconciliation rule can be used to pass the Infrastructure Bill
George Jetson
George Jetson Apr 07, 2021 6:37PM ET
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Yep. I agree. You are right. United States Steel is going to $50 mid year. Great pick! $X
Mad Money
Mad Money Apr 07, 2021 5:31PM ET
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Useless turtle
Brandon Olds
Brandon Olds Apr 07, 2021 5:29PM ET
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BI#den has Dementia and can't remember the tax details he proposes
Adrian White
Adrian White Apr 07, 2021 5:29PM ET
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Hmm. I heard that suddenly spelling "Biden" as "BI#den" is one of the signs of Dementia setting in. My condolences, Brandon "Olds".
 
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