Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessSenate Republicans propose counteroffer close to $1 trillion on infrastructure

Senate Republicans propose counteroffer close to $1 trillion on infrastructure

Add to Favorite
Added to Favorite

 

The back and forth between the White House and Senate Republicans is like an interesting tennis match with a medium volley between the two opponents the Democrats and the Republicans as of now. Initially President Biden announced a $ 2.25 trillion infrastructure package as a strong serve to the Republican court, but this was lobbed back by the Republicans to the White House with a low $568 billion dollar one. Then Biden sent the next proposal as a weaker lobby with a less strong offer of $1.7 trillion but this is also being sent back to the White House with a proposal that is reported to be just under a trillion dollars. This new offered will be lobbed to the White House by the Republicans on Thursday.

 

Senator Shelley Moore Capito, a West Virginia Republican and leader of the infrastructure negotiations Republican team, told reporters that a new offer will be put forth on Thursday morning.

 

Senator Roger Wicker, a Mississippi Republican told reporters that the new offer was a good one and that they would hit a figure that would be very close to what the president said that he would accept. It would be close to a trillion dollars.

 

He also said that there would hardly be any user fee to pay for the bill. However, Wicker mentioned that the bill proposed by the Republicans in the senate that it would not affect the tax cut bills that were signed by former President Donald Trump in 2017, which lowered corporate tax to 21 percent.

 

Corporations have gained trillions of dollars during the pandemic. The group, Patriotic Millionaires have offered support to President Biden’s proposal of raising the corporate tax to 28 percent to partly pay for the huge infrastructure bill, which will improve roads, highways, broadband, clean energy and much more in the nation.

 

Whether the infrastructure proposal may end with a “Deuce” where it will be passed with bipartisan support or an “Ace” from the White House and the Democrats if the proposal is passed without support from Senate Republicans remains to be seen.

Subscribe to get Latest News Updates

Latest News

You may like more
more

KULR Technology Group’s Recent Achievements and Market Performance

Benchmark upgraded KULR (AMEX:KULR) to a "Buy" rating, reflecting...

Conagra Brands, Inc. (NYSE:CAG) Surpasses Earnings Estimates

Conagra Brands, Inc. (NYSE:CAG) reported an EPS of $0.70,...

FactSet Research Systems Inc. (FDS) Surpasses Earnings and Revenue Estimates

Earnings Per Share (EPS) of $4.37, surpassing both the...