Senate Minority Leader Mitch McConnell said on Monday during a press conference what was on the minds of all Americans when it comes to President Joe Biden’s outrageous $4 trillion spending plans. That neither plan will have any Republican support in the senate.
“If they can’t get all their ducks in a row, to use reconciliation again they’ll have to have every single Democrat in the Senate, all of them, in line, in lockstep, in order to do that. A number of them are saying they agree with us,” McConnell said at a press conference. “I think it’s worth talking about, but I don’t think there’ll be any Republican senators, none, zero, for the $4.1 trillion grab bag, which has infrastructure in it, but a whole lot of other stuff.”
“We’re not willing to pay for it by undoing the 2017 bill,” McConnell responded referring to the piece of legislation that lowered the corporate tax rate to 21 percent.
“We’re open to doing a roughly $600 billion package which deals with what all of us would agree is infrastructure and to talk about how to pay for that in any way other than reopening the 2017 tax reform bill, which I believe – and all of my members believe – is what created, as of February 2020, the best economy in 50 years,” McConnell told reporters.
Senator Shelley Moore Capito and a collection of moderate Republican senators have called for an infrastructure project that would cost $568 billion. “White House Press Secretary Jen Psaki signaled that proposal was the ‘beginning of a discussion” on bipartisan legislation.”
Last week, Biden laid out two of his plans to create major investments in key areas. The final version of both pieces of legislation “are estimated to cost about $4 trillion combined” as our national debt currently sits at $28 trillion.
In a statement on the plan, the White House said, “this is no time to build back to the way things were. This is the moment to reimagine and rebuild a new economy. The American Jobs Plan is an investment in America that will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China.”
