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'Green New Deal in Disguise': Republicans Question Massive Scope and Cost of Biden's So-Called Infrastructure Plan

'Green New Deal in Disguise': Republicans Question Massive Scope and Cost of Biden's So-Called Infrastructure Plan Read Transcript


- It's still too early to tell

if both sides can strike a deal.

This week, the president is meeting

with senators from both parties.

Still he's pushing the definition

of what's considered infrastructure.

- It's about investing in infrastructure

not for the 20th century,but the 21st century.

- [Jenna] The president says he's sincere

about reaching a compromise onhis expensive spending plan.

As the administration makesits latest attempt to broaden

what's traditionally beencalled infrastructure.

- I think broadband is infrastructure.

It's not just roads,bridges, highways, et cetera.

That's what we're gonna talk about

and I'm confident everything'sgonna work out perfectly.

- [Jenna] And talkingdirectly to Americans

by releasing fact sheets

that define infrastructurein 12 categories.

It grades all 50 States andthe District of Columbia

and argues how each would benefit.

- We're willing to negotiatea much smaller package.

- Republicans though say the price tag

on the president's $2.3trillion plan is way too high

and have deep-seateddoubts about its scope.

Senator Roger Wicker ofMississippi voiced his concerns

before Monday's meetingwith the president.

- You got a proposalhere of $2.3 trillion,

70% of which cannot, by anystretch of the imagination,

be called infrastructure.

That's on top of $1.9trillion a few weeks ago.

Most of which was not COVID related.

We're told another 2trillion is on the way

and that's on top of this

$1.5 trillion skinny federal budget

that the president rolledout just this past week.

- [Jenna] And an editorial today

from the Wall StreetJournal argues Biden's bill

is actually a plan to remake the economy

and "contains enough spendingand industrial planning

that it amounts to theGreen New Deal in disguise."

It's true just a fraction of the bill

would go to traditional infrastructure.

Broken down by Politico's estimate,

only around 37% of themeasure or about $820 billion

would be used for transportation,electricity, and internet.

Republicans and some Democrats also oppose

the plan's proposed corporatetax hike from 21 to 28%.

This all coming as the U.S. deficit

jumps to a record $1.7 trillion

for just the first sixmonths of this budget year,

nearly double the previous record,

and with more Democraticspending bills still to come.

- This is a massive socialwelfare spending program

combined with a massive tax increase

on small business job creators.

I can't think of a worst thing to do.

- And the president'smeetings with lawmakers

will continue through this week.

He says he hopes to have progress made

on his infrastructureplan by Memorial Day.

In Washington, Jenna Browder, CBN news.

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