Biden Open to Options on Infrastructure, Families Plans as Congress Takes Over

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  • Bloomberg Quicktake: Now published this video item, entitled “Biden Open to Options on Infrastructure, Families Plans as Congress Takes Over” – below is their description.

    President Joe Biden’s $4 trillion vision of remaking the federal government’s role in the U.S. economy is now in the hands of Congress, where both parties see a higher chance of at least some compromise than for the administration’s pandemic-relief bill.

    The president at this point is open to various possibilities to pass his proposals, including breaking them into multiple bills, according to a White House official speaking on condition of anonymity. While the “American Families Plan” that twins social spending with individual tax hikes is a non-starter for Republicans, parts of the infrastructure-focused “American Jobs Plan” have been embraced by the GOP.

    Biden’s planning to host top congressional leaders from each party at the White House on May 12, something he didn’t do for the $1.9 trillion Covid-19 relief package that passed with no Republican support. Whether a bipartisan deal can be done on a portion of his plans may hinge on whether the GOP abandons the comprehensive obstructionist model it used against President Barack Obama.

    Any bipartisan deal would likely be limited to spending items, with Republicans widely panning the tax increases the White House has pushed for companies and wealthy Americans. GOP members haven’t proposed any specific funding measures.

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    In This Story: Barack Obama

    Barack Obama is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and an Illinois state senator from 1997 to 2004.

    Obama left office in January 2017 and continues to reside in Washington, D.C.

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