President Joe Biden says an infrastructure deal has been stuck after he met with a bipartisan group of senators. The side will still have to work out the details of the plan. Republicans have said that they will not touch their 2017 tax cuts. President Biden has said that he is against any raise in electric vehicle fees or gas tax.
A bipartisan infrastructure deal could be close as the agreement could be on the floor of the Senate in a week. The bipartisan negotiators are still working on the $1.2T infrastructure deal. That would finally bring the framework into the legislative process. But there are reports that the upper house would go forward with the two-pronged strategy of moving both the bipartisan bill and the budget resolution, moving it through.
Even during the July 4 break, Senators had been negotiating in an attempt to go ahead with the agreement, as announced by President Joe Biden and a group of core negotiators in the Senate last month.
The schedule is sure to be tight. While Charles Schumer, the Majority Leader in the Senate is for bringing up the infrastructure deal and the budget resolution expectedly leading to a separate infrastructure bill worth trillions before the Upper House shuts down.
Infrastructure Deal In Senate Within 2nd Week
The bipartisan infrastructure deal could be on the floor within the 2nd week of the session. Schumer said that the plan is to have both the infrastructure ill and the budget resolution in July itself. He said that one wouldn’t be possible minus the other. The bipartisan is occupied behind the lines to craft it into legislation.
Senator Kyrsten Sinema, Dem., and Rob Portman, Rep., are spearheading efforts to craft the deal into the legislative process which Sinema said would be hopefully lean and effective. Earlier, Rep. Mitch McConnell had promised a stiff fight if the Democrats tried to use the reconciliation process to push through the infrastructure deal along party lines.