Politics

Watch Live: Biden Provides Notes on the $ 2 Trillion Infrastructure Plan

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President Joe Biden will comment on his more than $ 2 trillion infrastructure package on Wednesday afternoon. Vice President Kamala Harris is also expected to be present.

The address comes a week after Biden launched the plan to invest in transportation infrastructure, water systems, broadband access, power grids, vocational training and other regulations. The bill would raise the corporate tax rate to 28% to offset the expense.

In his speech, the president plans to put pressure on Congress to work with it on legislation, defend the corporate tax hike and address criticism that the bill goes beyond traditional infrastructure, according to a White House official.

Senate Minority Chairman Mitch McConnell, R-Ky., Said Friday the GOP would likely reject the package because of the tax hike and price tag.

A spokesman for Senate Majority Leader Chuck Schumer, DN.Y., said Monday that the chamber’s parliament-ruled lawmakers could use budget voting to re-enact laws by simple majority. The move means Democrats could try to pass the legislation without a Republican vote. Democrats hold a slim majority in the Senate, with the chamber split between 50 and 50 and the vice president binding the votes.

The infrastructure plan marks the next legislative priority for the Biden administration after signing the $ 1.9 trillion Covid stimulus package in March.

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