GOP senators have a counteroffer on Biden's infrastructure plan. Here's what's in it

we're trying to get to that common goal of reaching a bipartisan infrastructure agreement that we talked about in the Oval office with the President several weeks ago, and I talked with him even previous to that we believe that this counter offer delivers on what President biden told us in the Oval Office that day. And that is to try to reach somewhere near a trillion dollars over an eight year period of time that would include our baseline spending. Uh We have achieved that goal with this counter offer, but we've also I think done something that um has stayed true to what our beliefs are when we very first started this um this endeavor and that is sticking to the core physical infrastructure. And so I think that shows that there's a real hunger for bipartisanship in the United States Senate. There's a real ability to achieve that. And we're hoping that uh this moves the ball forward. We believe that the alternative, which is a partisan reconciliation process, would be destructive to our future bipartisan attempts, but also doesn't serve the american public and wouldn't get us To an infrastructure package such as such as the one We believe would serve the american interests, but also controlling spending to the areas of core physical infrastructure that is so important to this country. The second thing that we've been very, very clear on every single time we've had a discussion is that we're not raising taxes. This is a real offer. This is a substance and significance, what we're bringing forth today and it's what people at home in Wyoming think of as infrastructure, it's, you know, roads with potholes that need to be fixed.

Republican senators outlined a $928 billion infrastructure proposal Thursday, a counteroffer to President Joe Biden's more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.The Republican offer would increase spending by $91 billion on roads and bridges, $48 billion on water resources and $25 billion on airports, according to a one-page summary released by the GOP negotiators. It also would provide for one-time increases in broadband investments, at $65 billion, and $22 billion on rail.Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs."It's a serious effort to try to reach a bipartisan agreement," said Sen. Shelley Moore Capito of West Virginia, the lead GOP negotiator.The Republican senators said their offer delivers on "core infrastructure investments" that Biden has focused on as areas of potential bipartisan agreement. But their overall approach is likely to be met with skepticism by Democrats and the White House.With about $250 billion in new spending, their plan falls short of the more ambitious proposal outlined in the president’s American Jobs Plan. In earlier negotiations. Biden reduced his $2.3 trillion opening bid to $1.7 trillion.Investing in infrastructure is a top legislative priority for Biden. Talks are at a crossroads before a Memorial Day deadline to make progress toward a bipartisan deal. The White House is assessing whether the president can strike the contours of an agreement with Republicans or whether he will try to go it alone with Democrats if no progress is made in the coming days.

Republican senators outlined a $928 billion infrastructure proposal Thursday, a counteroffer to as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.

The Republican offer would increase spending by $91 billion on roads and bridges, $48 billion on water resources and $25 billion on airports, according to a one-page summary released by the GOP negotiators. It also would provide for one-time increases in broadband investments, at $65 billion, and $22 billion on rail.

Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.

"It's a serious effort to try to reach a bipartisan agreement," said Sen. Shelley Moore Capito of West Virginia, the lead GOP negotiator.

The Republican senators said their offer delivers on "core infrastructure investments" that Biden has focused on as areas of potential bipartisan agreement. But their overall approach is likely to be met with skepticism by Democrats and the White House.

With about $250 billion in new spending, their plan falls short of the more ambitious proposal outlined in the president’s American Jobs Plan. In earlier negotiations. Biden reduced his $2.3 trillion opening bid to $1.7 trillion.

Investing in infrastructure is a top legislative priority for Biden. Talks are at a crossroads before a Memorial Day deadline to make progress toward a bipartisan deal. The White House is assessing whether the president can strike the contours of an agreement with Republicans or whether he will try to go it alone with Democrats if no progress is made in the coming days.

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