WASHINGTON (AP) – President Biden began persuading the United States on Thursday that it needed $ 2.3 trillion in infrastructure by planning a five-person “job cabinet” to help with the effort. But the magnitude of his task was clear, as Senate Minority Leader Mitch McConnell promised to oppose the “every step” plan.
Speaking in Kentucky, McConnell said he personally liked Biden, they had been friends for a long time. But the president will not cooperate with the GOP, which opposes raising corporate taxes in the program, saying they would undermine America’s ability to compete in the global economy.
“We have great philosophical differences, it will make it more and more difficult for us to reach bilateral agreements,” the Republican leader said.
White House Chief of Staff Ron Klein said the key to any awareness is that the ideas for the proposal are already known. He says Americans want smooth roads, safe bridges, reliable public transit, electric cars, drinking water, new schools, and investment in production.
“We kind of think that’s right,” Klein told Politico in a television interview. “But we’re happy to talk to people about a lower price, more about what elements should be in the program that people think are missing.”
Those rumors could be limited to Democrats, as McConnell stated. “I will fight them at every step.”
Biden told his cabinet at his first meeting that he was involving several of them to help. Minister of Transport Pete Butigig, Minister of Energy Enn Jennifer Granholm, Secretary of Housing and Urban Development Marcia Fadge, Minister of Labor Marty Walsh and Minister of Commerce Inina Raimondo.
“Working with my team here at the White House, each member of the Government will represent me in Congress, engage the public in selling the plan, help organize the details as we improve, and move forward,” Biden said.
The issue will involve a big sale for the Legacy Act, which Biden announced in a speech on Wednesday.
His administration must influence Congress. It should gather the voters. He appeals to foreign economists to hold back the plan.
It controls Wall Street for any celebrations or shocks. It forms alliances with attorneys, while dealing with critics of the program’s corporate tax-raising: program details. According to the program, the Biden administration intends to try to stop other countries from cutting their own tax rates on what was going downwards in order to attract and maintain multinational businesses.
Biden’s vehicle is the main dividing line for financing its infrastructure projects. Republicans oppose raising the corporate tax rate from 21% to 28%, which is one of many changes to business tax financing infrastructure. Republicans cut the corporate interest rate from 35% in 2017, which was a major achievement of Donald Trump’s presidency.
Inside Washington’s corporate governance chambers, the administration engages in its own assessment and reprimand section.
In Biden’s own party, the Liberal Democrats in Congress want him to grow. And Democrats in high-tax states want to repeal a 2017 tax code that limits state-local tax deductions for individuals.
House Speaker Nancy Pelosi did not comment on the scope of the proposal.
“It was the American tradition to think big,” Pelosi told a news conference on Thursday. “And now, in this century, President Biden is doing something about the tradition of thinking, of transforming, of creating jobs for America.”
While many leading business groups oppose higher taxes, some large companies are optimistic about the innovations encouraged by the program.
Ford, General Motors and Toyota have endorsed the general concept of Biden’s plan to build 500,000 electric vehicle charging stations by 2030, away from gasoline-powered vehicles.
But some environmentalists say removing the program from fossil fuels that caused climate change is not significant enough.
“Instead of the Marshall Plan approach, which shifts our economy to renewable energy, which includes retail subsidies for carbon capture, it would be fantastic if the free market would save us, fail to take decisive, ambitious steps toward phasing out fossil fuels,” he said. Hartl. , Director of Government Affairs at the Center for Biological Diversity. “Biden has promised to reduce carbon emissions by 50% and demine our electricity sector, but this offer will not even come.”
However, for each critique of the details of the program, there were reasons for its broader approach.
Harvard University economist Larry Summers, the former secretary of the Treasury, endorsed Biden’s plan, previously criticizing the $ 1.9 trillion coronavirus aid program for its debt-based funding.
He underestimated any risk associated with raising corporate taxes, as low interest rates mean that capital gaining costs are already low for many companies.
“I’m excited,” Summers said on Twitter. “Economic capacity will increase.”
The program also has a political dimension, as organized labor is mobilized to adopt the package, which may be a boost given the steady gains of recent Republicans among working-class voters. Biden’s program, which focuses on jobs in the construction and manufacturing industries, has the potential to turn the tide, with unions supporting him in 2020 pledging to help secure infrastructure.
“Our members are an army of half a million people who will call, visit members of Congress, and come together to do a good job of building our country’s infrastructure,” said Terry O’Sullivan, president of the International Workers’ Union of North America. the largest construction unions. “We did it with our shoes on the ground to elect President Biden.”
AP reporters Darlene Superville, Matthew Daley և Tom Krisher contributed to this report.