Financial news

Trump and Democrats agreed $2 trillion is needed for infrastructure, Chuck Schumer says

By  | 

Via Yahoo Finance

President Donald Trump and leading Democratic lawmakers agreed that $2 trillion were needed for a plan to overhaul U.S. infrastructure, Senate Minority Leader Chuck Schumer, D-N.Y., said Tuesday.

“We agreed on a number, which was very, very good,” Schumer said.

Rebuilding the country’s aging infrastructure is one of the few bipartisan issues in American politics. Democrats and Republicans alike have stressed the importance of repairing and modernizing U.S. transportation, broadband, water and power projects, and both parties have submitted separate funding proposals to achieve those goals.

Yet the issue has languished on Capitol Hill — and the Trump administration’s repeated attempts to refocus lawmakers through the label of “infrastructure week” have become a running joke in Congress.

Ahead of the meeting between Trump and the two Democratic leaders, a coalition of multiple groups of Democrats in the House unveiled an infrastructure road map stating that the majority of funding for any bill should come from the federal government.

Trump’s plan, however, would aim to use $200 billion in federal funds to spur a total of $1 trillion in spending from state and local governments, as well as private partners. That proposal, an earlier form of whic

Despite their differences, Pelosi, Schumer and a raft of Democratic lawmakers met with Trump and members of his team at the White House Tuesday morning to discuss infrastructure.

“Our message is, let’s work together,” Pelosi said Monday. “The American people understand the need to build the infrastructure of our country. Let’s find a solution.”

White House acting chief of staff Mick Mulvaney appeared much less optimistic about the meeting. At the Milken Institute Global Conference in Beverly Hills on Tuesday, Mulvaney reportedly groaned when whether he believed infrastructure reform would pass.

READ ALSO  FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

Ben White TWEET

House Minority Leader Kevin McCarthy, R-Calif., also cast doubt on the success of the meeting.

“I don’t think their meeting will go very well,” McCarthy said minutes before the talks were scheduled to start.

No matter what you do on infrastructure you have to have a bipartisan,” McCarthy said. “And they’re walking into a meeting today saying you have to change the tax cuts to the American public and raise taxes on the American public if they were to go along with an infrastructure bill. I think that’s a loss.”

Neither Mulvaney nor McCarthy were listed as attendees for the talks.

Here’s who is attending the meeting, according to the White House:

The White House
President Donald J. Trump
Ivanka Trump, Advisor to the President
Larry Kudlow, Assistant to the President and Director of the National Economic Council
Shahira Knight, Assistant to the President and Director of the Office of Legislative Affairs
Sarah Sanders, Assistant to the President and Press Secretary
Russ Vought, Acting Director of the Office of Management and Budget
Pat Cipollone, Assistant to the President and Counsel to the President
Kellyanne Conway, Assistant to the President and Senior Counselor

Trump Administration
Secretary Elaine Chao, Department of Transportation
C.J. Mahoney, Deputy United States Trade Representative

Members of Congress
Speaker Nancy Pelosi (CA-12)
Rep. Steny Hoyer, House Majority Leader (MD-05)
Rep. James Clyburn, House Majority Whip (SC-06)
Rep. Ben Ray Lujàn, House Assistant Speaker (NM-03)
Rep. Richard Neal, House Ways and Means Committee Chairman (MA-01)
Rep. Peter DeFazio, House Transportation and Infrastructure Committee Chairman (OR-04)
Sen. Charles Schumer, Senate Minority Leader, New York
Sen. Richard Durbin, Senate Minority Whip, Illinois
Sen. Patty Murray, Senate Assistant Democratic Leader, Washington
Sen. Debbie Stabenow, Senate Chairwoman of Policy & Communications Committee, Michigan
Sen. Ron Wyden, Senate Finance Committee Ranking Member, Oregon
Sen. Tom Carper, Senate Environment and Public Works Committee Ranking Member,Delaware

This is breaking news. Please check back for updates.

READ ALSO  Brits unwittingly spend £520m on Christmas presents that end up re-gifted




Print Friendly, PDF & Email

Hold dit netværk orienteret