ROAD - White House lowers cost of infrastructure proposal to win GOP support

Looking to get some bipartisan support, the Biden administration has reduced the size of its infrastructure proposal to $1.7T from $2.25T. Funding for the package would remain the same - raising the tax rate on wealthy Americans and large companies that can "afford a modest increase to pay for middle-class jobs." The counter-offer is still about triple a competing proposal from Senate Republicans, which recently offered a plan to spend $568B over five years."In our view, this is the art of seeking common ground," White House Press Secretary Jen Psaki told reporters before the weekend. "This proposal exhibits a willingness to come down in size, while also staying firm in areas that are most vital to rebuilding our infrastructure and industries of the future, and making our workforce more competitive with China."What changed? The Biden administration agreed to cut the funding request for broadband to match the Republican offer and

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White House lowers cost of infrastructure proposal to win GOP support