Biden Seeks $1T New Spending in Infrastructure Talks
President Joe Biden proposed to set a minimum 15% corporate tax rate to help pay for an infrastructure spending package as an informal counteroffer to Senate Republicans, White House Press Secretary Jen Psaki said Thursday. Biden made the counterproposal during…
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a Wednesday meeting (see 2106020078) with Senate Public Works Committee ranking member Shelley Moore Capito of West Virginia, who's leading GOP negotiators. Biden also asked Republicans to back $1 trillion in new spending. Republicans propose $65 billion for broadband (see 2105270072), a figure the White House is offering to back. Capito’s office confirmed she plans to meet with Biden again Friday. Capito “is encouraged that negotiations have continued,” a spokesperson emailed. Vice President Kamala Harris said Thursday she and Biden “are determined to get to 100%” broadband coverage via an infrastructure package. She helped announce NTIA’s plan to make nearly $1 billion available for tribal broadband (see 2106030065). Lawmakers “worked together” to fund broadband programs via the FY 2021 appropriations and COVID-19 aid packages (see 2012210055) and now “Congress must work together again to bring high-speed Internet to every American,” she said. Other officials emphasized they want talks with Republicans on infrastructure to be completed by when the Senate returns Monday (see 2106010068).