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President Joe Biden will deliver his statements Wednesday afternoon on his more than $ 2 trillion infrastructure package. Vice President Kamala Harris is also expected to attend.
The address comes a week after Biden introduced the plan, which would invest in transportation infrastructure, water systems, broadband access, power grids, job training and other provisions. The bill would raise the corporate tax rate to 28% to offset the expense.
The president, in his speech, plans to increase pressure on Congress to work with him on legislation, defend corporate tax hikes, and address criticism that the bill goes beyond the scope of the bill. traditional infrastructure, according to a White House official.
Senate Minority Leader Mitch McConnell, R-Ky., Said Friday that the Republican Party would likely oppose the package because of the tax hike and price.
A spokesman for Senate Majority Leader Chuck Schumer, DN.Y., said Monday that the House MP ruled that lawmakers could use budget reconciliation to pass simple majority legislation once again. The move means Democrats could try to pass legislation without Republican votes. Democrats have a narrow majority in the Senate with the 50-50 House split and the vice president’s tiebreaker vote.
The infrastructure plan marks the next legislative priority for the Biden administration after the $ 1.9 trillion Covid stimulus package was signed into law in March.