‘We Have a Deal’: President Biden announces group of Republicans and Democrats have agreed to a $1.2 trillion infrastructure plan – paid for with unused unemployment insurance and going after tax cheats

President Joe Biden stepped out onto the White House driveway Thursday afternoon and announced ‘we have a deal’ on an infrastructure package. ‘We had a really good meeting and to answer your direct question, we have a deal,’ the president told reporters. ‘I think it’s really important, we’ve all agreed that, none of us got all what we wanted, I clearly didn’t get all I wanted, they gave more than I think maybe they were inclined to give in the first place.’ The White House said the deal will include $1.2 trillion in infrastructure spending over an eight year period. Over a five-year period there will be $973 billion in infrastructure spending. The proposal would be paid for by reducing the IRS tax gap – essentially going after tax cheats – as well as redirecting unemployment insurance relief funds and repurposing unused funds from the 2020 relief legislation. ‘We made serious compromises on both ends,’ Biden said. ‘This reminds me of the days we used to get an awful lot done in Congress,’ the president also said. Biden was surrounded by a bipartisan group of senators led by Democratic Sen. Kyrsten Sinema and Republican Sen. Rob Portman. Sen. Susan Collins, a moderate Republican from Maine, said the two parties agreed on the ‘price tag, the scope and how to pay for it.’

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SOURCE: Daily Mail

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