Washington (AP) — President Joe Biden convinces the United States that a $ 2.3 trillion infrastructure plan is needed and sets out to represent a five-member “employment cabinet” to support its efforts. doing. But the enormousness of his mission is clear after Senate minority leader Mitch McConnell vowed to oppose the plan “at every stage of the road.”
McConnell, who spoke in Kentucky on Thursday, said he personally liked Biden and they had been friends for a long time. But the president will not get help from the Republicans. Republicans oppose the planned corporate tax hike and say it will undermine America’s ability to compete in the global economy.
“We have some big philosophical differences and it will make it more and more Difficult to reach bipartisan agreement“The Republican leader said.
White House Chief of Staff Ron Klain said the key to any outreach was that the proposed idea was already popular. Americans want to invest in smooth roads, safe bridges, reliable public transport, electric cars, drinking water, new schools and manufacturing. Among the many components of the plan, He said.
“We think it’s just right,” Klein said in a television interview with news agency Politico. “But I’m happy to be able to talk more with people about what they should be, not about price tags. In a plan where people think they’re missing.”
These conversations may be limited to Democrats, as McConnell declared:
Biden told the Cabinet at the first meeting that he had some of them involved to support the push: Secretary of Transportation Pete Butigeg, Secretary of Energy Jennifer Granholm, Secretary of Housing and Urban Development Marty Walsh, Labor. Secretary Marty Walsh, Secretary of Commerce Gina Raimondo.
“Working with my team here at the White House, each minister represents me in dealings with Congress, involves citizens in the sale of the plan, and organizes the details as we refine and move it forward. I’ll help you do that, “said Biden.
This mission includes many of the salesmanships of the heritage-building bill that Biden announced in his speech Wednesday.
His administration needs to shake Congress. You need to gather voters. We also look forward to outside economists to support the plan.
We monitor Wall Street for celebrations and jitter. It is forming an alliance with its supporters, addressing critics about the plan’s corporate tax hike and project details. The Biden administration, which was planned to be a race to the bottom to attract and retain multinationals, will encourage other countries to stop lowering their tax rates.
The means of funding Biden’s infrastructure planning is an important boundary. Republicans oppose raising the corporate tax rate from 21% to 28%. This is one of many changes for business tax to fund infrastructure. The Republican Party cut its enterprise rate from 35% in 2017. This is a characteristic policy outcome of President Donald Trump.
In Washington and the corporate board room, the administration is gaining a share of praise and condemnation for his proposal.
In Biden’s own party, a Liberal Democratic member of Congress wants him to grow bigger. Democrats representing high-tax states also want to remove the 2017 tax law amendments that limit individual state and local tax deductions.
Speaker of the House Nancy Pelosi expressed no dissatisfaction with the scope of the proposal.
“Thinking big was an American tradition,” Pelosi said at a press conference Thursday. “And now, this century, President Biden is working on something in the tradition of thinking big, transforming, and creating jobs for America.”
While many major business groups oppose tax increases, some large companies are optimistic about the innovations encouraged by the plan.
Automakers Ford, General Motors and Toyota have approved the general concept of Biden’s plan to build 500,000 electric vehicle charging stations by 2030 in the transition from petrol vehicles.
However, some environmentalists said the shift in plans from fossil fuels that cause climate change was not substantive enough.
“Brett Hartle, Director of Government for the Center for Biodiversity, said:” Biden has promised to reduce carbon emissions by 50% and decarbonize the electricity sector. , This proposal does not come true.
The White House quickly responded to climate change concerns. Climate adviser Gina McCarthy said the government will include Biden’s commitment to set national standards in its infrastructure package that require utilities to produce 100% carbon-free electricity by 2035. He said he was expecting it.
McCarthy said the proposed power standard “will be fairly robust and comprehensive.” “I think we can get the results we are looking for in a variety of ways. If we can achieve clean energy standards, we should.”
There was also praise for its broader approach to any criticism of the details of the plan.
Harvard economist and former Treasury Secretary Larry Summers approved Biden’s plan after previously criticizing the $ 1.9 trillion coronavirus rescue program for its size and debt-based financing.
He downplayed the risks of raising corporate taxes, as low interest rates mean that the cost of capital acquisition is already low for many companies.
“I’m excited,” Summers said on Twitter. “The economic capacity will increase.”
The plan also has a political side, as organized workers are mobilized to pass the package. Biden’s plans focus on construction and manufacturing work, which could reverse some of its slides. The union that helped him in 2020 promises to help vote for infrastructure.
“Our members are a powerful army of 500,000 people who call, visit parliamentarians and come together for a good job of building the country’s infrastructure,” said the United Nations of North American Workers. Governor Terry O’Sullivan said. “We did that with ground boots to elect President Biden,” said the largest construction union.
AP reporters Darlene Superville, Matthew Daly and Tom Krisher contributed to this report.