Business & Investment

Biden and Capito infrastructure talks end without agreement

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President Joe Biden did not reach an agreement with Republican Senator Shelley Moore Capito on infrastructure planning because he could not reach an agreement on the extent of spending and how to pay it.

The talks ended after a short phone call between the President and the West Virginia Senator. White House spokesman Jen Psaki said in a statement that Biden would instead focus on a group of bipartisan senators working on their infrastructure plans.

“The president has promised to pass an economic bill in parliament this summer and is looking for multiple ways to do so,” Biden said on June 8 in Speaker of the House Nancy Pelosi. He also talked about advancing the bill drafted by the Democratic Party.

According to members, a bipartisan group of 20 senators has not yet signed the proposal. Instead, a small faction led by Utah Republican Mitt Romney and Arizona Democrat Kyrsten Sinequin agreed on spending levels and payment methods, Romney said, but did not provide details. T.

Romney said he and other members of the small group would meet on the evening of June 8 to discuss the proposal.

Biden and Capito canceled or specifically paid for the talks after White House officials refused to allow Republicans and her allies to agree on more new spending on the plan. Details on how. Republicans rejected Biden’s proposal to raise taxes on businesses and high-income Americans.

“Thanks to President Biden for spending a lot of time and effort on these negotiations, but in the end he refused to accept a very robust and targeted infrastructure package and instead gave us a discussion. “We chose to end,” Capito said in a statement. “I was disappointed with his decision after negotiating in good faith and making important steps to get closer to what the president wanted. doing.”

After the June 8 telephone talk between Biden and Capito, a game of blame began between the White House and Capitol Hill.

Senator John Barrasso, the third-largest Republican in the Senate and a member of the team negotiating with Biden, wants to get a deal, both with more spending and ongoing demands for tax increases than the Republicans want. They oppose blaming the White House for creating an important “barrier.”

The White House said Mr Biden’s spending had already been cut by about $ 1 trillion.

Barasso said Biden has agreed to $ 1 trillion in eight years, including the money that Congress has already planned to spend, and will reuse some of the money from the pandemic bailout law under the new administration passed last year. He said he agreed.

White House officials said the president never agreed to support the withdrawal of funds from the pandemic relief package and the $ 1 trillion package. He said he has always made it clear that considerable investment is needed beyond.

— With the help of Eric Wasson

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Biden and Capito infrastructure talks end without agreement Biden and Capito infrastructure talks end without agreement

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