"It's not phony": Biden hungry for a jobs deal with Republicans

The White House views Sen. Shelley Moore Capito’s (R-W.V.) counteroffer to their own proposal as a constructive step towards a bipartisan deal. Should negotiations move forward, the remaining priorities within Biden’s roughly $4 trillion spending plans that are not included in a bipartisan compromise — from funding for home health care to expanded childhood education, family tax credits and increased taxes on those earning more than $400,000 — would likely be pushed through a separate budget reconciliation bill with only Democratic support. There is no expectation of Republican cooperation on those aspects of President Joe Biden’s proposal. Despite Biden’s recent comments stressing that every part of the plan should be paid for, the White House is not unbending on that front. Lawmakers and other stakeholders who have recently met either with the president or top members of his team say the White House is more focused on getting Biden’s priorities into a legislative package than drawing a hard line on deficit spending. Biden has publicly stressed his desire to avoid deficit spending. But a White House official said the only two things that the president would absolutely not consider were inaction and increased taxes on those with incomes below the $400,000 threshold. The official did not cite deficit neutrality as a red line. “He’s put his plan forward … [including] how he believes we should pay for it,” the official said of Biden. “If there are other suggestions, he’s willing to compromise.”
Advertisement

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement