President Joe Biden and fellow Democrats in Congress are pushing hard on a new $2 trillion “infrastructure” proposal that, perhaps unsurprisingly, pays only nominal attention to America’s actual infrastructure needs and instead contains an abundance of liberal agenda items, including massive tax hikes on businesses.
In the eyes of Mitch McConnell (R-KY), it all adds up to a “no” from the GOP. According to the Washington Examiner, the Senate Republican leader said Thursday that as it stands, Biden’s plan “is not going to get support from our side.”
In particular, McConnell took exception to Biden’s hopes of raising the corporate tax rate from 21% to 28%, among other tax increases, which he and other Republicans have argued would be detrimental to the U.S. economy as it seeks to recover from damage caused by the COVID-19 pandemic.
“The last thing the economy needs”
Politico was the first to report that Sen. McConnell had spoken out in opposition to President Biden’s so-called American Jobs Plan.
“That package that they’re putting together now, as much as we would like to address infrastructure, is not going to get support from our side,” McConnell told reporters at an event in his home state of Kentucky. “Because I think the last thing the economy needs right now is a big, whopping tax increase.”
The Senate minority leader went on to say that the manner in which Democrats have been pushing the measure, in comparison to how the GOP has reacted, only “underscores the principal difference between the two parties.”
“You’re either alarmed about the level of national debt and the future impact of that on our children and our grandchildren or you aren’t,” McConnell asserted, according to Politico. “My view of infrastructure is we ought to build that which we can afford, and not either whack the economy with major tax increases or run up the national debt even more.”
“A Trojan horse”
McConnell also issued a statement the day before his talk with reporters condemning the package, which he decried as a “missed opportunity” for Dems to promote bipartisanship.
“Our nation could use a serious, targeted infrastructure plan. There would be bipartisan support for a smart proposal,” McConnell said in his statement. “Unfortunately, the latest liberal wish-list the White House has decided to label ‘infrastructure’ is a major missed opportunity by this Administration.”
The minority leader explained that “[l]ess than 6% of this massive proposal goes to roads and bridges,” and “would spend more money just on electric cars than on America’s roads, bridges, ports, airports, and waterways combined.”
“This proposal appears to use ‘infrastructure’ as a Trojan horse for the largest set of tax hikes in a generation,” McConnell concluded. “These sweeping tax hikes would kill jobs and hold down wages at the worst possible time, as Americans try to dig out from the pandemic.”
According to the Washington Examiner, if Republicans do block the infrastructure measure in the Senate, Democrats still have the option of using the limited parliamentary procedure known as budget reconciliation to overcome the Senate’s 60-vote filibuster-proof threshold.
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