Republicans Unveil $928 Billion Infrastructure Counteroffer To Biden

By Staff Reporter
Posted on 05/27/21 | News Source: CNBC

Senate Republicans unveiled their $928 billion infrastructure counteroffer to President Joe Biden on Thursday, as the sides see whether they can bridge an ideological gulf to strike a bipartisan deal.

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The plan includes:

• $506 billion for roads, bridges and major infrastructure projects
• $98 billion for public transit systems
• $72 billion for water systems
• $65 billion for broadband
• $56 billion for airports
• $46 billion for passenger and freight rail systems
• $22 billion for ports and waterways
• $22 billion for water storage
• $21 billion for safety efforts
• $20 billion for infrastructure financing

Biden’s latest offer to Republicans came in at $1.7 trillion — $600 billion less than his original plan.

Republicans and the White House have moved closer to agreement on an infrastructure plan but still need to resolve fundamental issues about the scope of a package and how to pay for it.

Read more at CNBC.