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Republicans plan to send Biden nearly $1 trillion infrastructure counteroffer this week

Added 05-25-21 07:02:01pm EST - “Hopes for a bipartisan infrastructure deal appeared to dim last week after the Biden administration sent a $1.7 trillion counteroffer.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Republicans plan to send Biden nearly $1 trillion infrastructure counteroffer this week”. Below is an excerpt from the article.

A group of Senate Republicans plans to send President Joe Biden an infrastructure counteroffer this week as the sides consider whether they can bridge an ideological gulf to craft a bipartisan bill.

The proposal could cost nearly $1 trillion, and Republicans aim to offset the spending without increasing taxes. The group of GOP lawmakers aims to deliver the plan as soon as Thursday morning.

Hopes for an agreement between the parties to revamp U.S. transportation and broadband appeared to dim last week. After the White House cut its infrastructure offer to $1.7 trillion from $2.3 trillion, an aide to Sen. Shelley Moore Capito, R-W.Va., said the plan's price tag was "well above the range of what can pass Congress with bipartisan support."

Democrats will have to decide whether they want to chop up their plan enough to win Republican votes, or try to forge ahead on their own using special budget rules. It is unclear if they would consider passing parts of the proposal with GOP support, then moving to approve other pieces on their own.

The Biden administration has said it wants to see whether it can make progress in bipartisan infrastructure talks before Memorial Day.

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