Senate Minority Leader Mitch McConnell (R-KY) said that Republicans won’t go along with President Joe Biden’s infrastructure plan, a roughly $2 trillion proposal Biden proudly declared would be the largest “investment in American jobs” in over seven decades.
McConnell, speaking at an event in Kentucky, emphasized concerns with the amount of spending that would be required to finance the plan, according to POLITICO. “That package that they’re putting together now, as much as we would like to address infrastructure, is not going to get support from our side. Because I think the last thing the economy needs right now is a big, whopping tax increase,” remarked McConnell.
“You’re either alarmed about the level of national debt and the future impact of that on our children and our grandchildren or you aren’t,” he said. “My view of infrastructure is we ought to build that which we can afford, and not either whack the economy with major tax increases or run up the national debt even more.”
According to the US National Debt Clock, the national debt is more than $28 trillion.
McConnell’s comments come less than 24 hours after Biden outlined his infrastructure plan — his second major legislative initiative — and declared that it would create millions of “good-paying jobs” and grow the economy. Although Biden promised to work with Republicans, his last trillion-dollar plan, notably, passed with no support from Republican lawmakers. One Democrat did, however, defect from it.
Biden’s infrastructure plan would allocate $621 billion for transportation-related infrastructure, $300 billion for drinking water-related infrastructure, broadband and electric grids, $300 billion for affordable housing and upgrading schools, and $580 billion for domestic manufacturing, job training, research and development. Another $400 billion would go to caring for elderly or disabled Americans.
“I’m proposing a plan for the nation that rewards work, not just rewards wealth. It builds a fair economy that gives everybody a chance to succeed, and it’s going to create the strongest, most resilient, innovative economy in the world,” said the president. “It’s not a plan that tinkers around the edges; it’s a-once-in-a-generation investment in America, unlike anything we’ve seen or done since we built the interstate highway system and the space race decades ago. In fact, it’s the largest American jobs investment since World War II.”
“It will create millions of jobs — good-paying jobs — will grow the economy, make us more competitive around the world, promote our national security interests, and put us in the position to win the global competition with China in the upcoming years,” said Biden.
“It’s big, yes. It’s bold, yes. And we can get it done,” he added.
Biden said that another plan, focusing on American families, would be released in the coming weeks, and suggested that both plans together constitute his economic vision for the United States. It’s not clear whether Biden wants the two plans to pass together as part of the same package.
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