GOP senator says Republicans will have infrastructure counteroffer by the end of week
CBSN
Republican senators may unveil their counteroffer to President Biden's infrastructure proposal by the end of this week, Senator Shelley Moore Capito said Tuesday, while the president continues to solicit bipartisan opinions on the massive package.
Republicans have concerns about Mr. Biden's $2 trillion proposal, arguing that it contains too many provisions that are unrelated to traditional forms of infrastructure, such as funding for home care for the elderly and disabled and electric cars. Republicans are also balking at Mr. Biden's proposed method of paying for the package — a corporate tax rate from 21% to 28%, as well as a new global minimum tax for multinational corporations. Capito, a Republican from West Virginia, told reporters at the Capitol that Republicans would present their counter-proposal within "several days" and "hopefully by the end of the week." She said that "lines of communications are open" between Republican senators, and that she and a group of ten other Republicans would likely "settle on a conceptual sort of idea" for their proposal.
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