McConnell calls 2017 tax law changes a ‘red line’ after Biden meeting
Washington – Senate Minority Leader Mitch McConnell said he and House Minority Leader Kevin McCarthy told President Biden at their Tuesday afternoon meeting that changing the era’s tax law Trump in raising taxes was a “red line” when it came to the President’s decision..
“We are not interested in reopening the 2017 tax bill. We have both made it clear to the President. It is a red line,” McConnell told reporters after meeting with Mr Biden, McCarthy , Speaker of the House Nancy Pelosi and the Senate. Majority Leader Chuck Schumer.
The White House said the president “appreciated welcoming President Pelosi, Chief Schumer, Chief McConnell and Chief McCarthy, and spent nearly two hours working with them to identify areas in which they could collaborate. , especially with regard to infrastructure, on which leaders agreed there was a need for investment. “
Pelosi said in a statement after the meeting that he had been “constructive and encouraging.”
“There is a bipartisan recognition of the need not only for repairing infrastructure, but also for new investments in infrastructure. The meeting was a good first step, which I hope will lead us towards President Biden’s big and bold vision, which Congressional Democrats share, as soon as possible, ”Pelosi said.
The meeting, Mr. Biden’s first with key congressional leaders since his inauguration, took place as negotiations over the president’s multibillion-dollar infrastructure program continue, and two hours after Republicans the House expelled Representative Liz Cheney from the leadership by voice vote. McCarthy, speaking to reporters at the White House after the meeting, claimed no one was still trying to plead the 2020 presidential election, although the ex-president continues to claim he was rigged.
“I don’t think anyone is questioning the legitimacy of the president’s election. It’s over,” McCarthy said.
McCarthy backed up, pushing her out. At the top of the meeting, Biden said he was happy to welcome the leaders to see if they could reach a “consensus” on infrastructure. When asked by a reporter if he could trust McCarthy and work with him after what the GOP leader did to Cheney, the president seemed to laugh and say “yes.”
The meeting with was to focus on Mr Biden’s $ 4 trillion two-pronged plan, which is split between a $ 2.3 trillion proposal on physical infrastructure and jobs and a measure of 1,800. billion dollars in health care, education and child care.
“At the end of the day, we’ll see if we can come to a consensus on a compromise… we’re going to talk a lot about infrastructure,” the chairman said at the top of the meeting, before reporters were escorted out of the chamber. .
The meeting started shortly after 11:00 a.m. and ended around 12:45 p.m.
Republicans opposed Mr Biden’s proposal, questioning both the price and the inclusion of provisions seemingly unrelated to “traditional” infrastructure such as roads, bridges, transportation and expansion broadband. They also oppose Mr Biden’s plan to pay for his infrastructure package, which would include raising the corporate tax rate from 21% to 28% and negotiating a new global minimum tax for them. multinational companies.
Democratic Senator Joe Manchin has proposed raising the corporate tax rate to 25% instead, but it is not clear whether that would garner sufficient support from Republicans.
A group of Republican senators presented alast month, led by Senator Shelley Moore Capito. The GOP’s proposal includes $ 299 billion for roads and bridges, $ 65 billion to expand broadband, $ 61 billion for transit systems and $ 20 billion for railways, as well as ” funding to reorganize the country’s ports, airports and water infrastructure.
Capito said on Friday that the $ 568 billion plan “is not our final offer.” McConnell toothat he would be ready to consider a package between 600 and 800 billion dollars, signaling a certain openness to negotiation between Republicans.
Mr Biden has met with a number of lawmakers from both sides in recent days. On Thursday, he will meet with a group of Republicans who helped shape the Republican counter-offer, including Capito and Senators John Barrasso, Roy Blunt, Mike Crapo and Roger Wicker. But Senator John Thune, the Republican Whip, told reporters on Tuesday that it was not enough just to meet with GOP lawmakers.
“I would like to see the president sit down and express more than just a willingness to listen, but a willingness to take action to work in a bipartisan way to try to strike a deal,” Thune said.