US House Speaker Nancy Pelosi (D-CA) on Wednesday revealed that she is feeling optimistic about passing a bipartisan infrastructure bill that will be aimed at boosting the US economy under Biden.
Earlier, Pelosi had held the meeting with Biden, US Senate Majority Leader Chuck Schumer (D-NY), US Senate Minority Leader Mitch McConnell (R-KY), and US House Minority Leader Kevin McCarthy (R-CA).
— The Hill (@thehill) May 12, 2021
“I felt optimistic about our ability to pass such a bill. I’m very more optimistic now - more optimistic now that being able to do so in a bipartisan way. But we’ll see,” Pelosi told reporters outside of the Capitol following the meeting.
Republican lawmakers have made it known that they do not want to participate in any tax increase, and have argued that the bill is far too expensive. Rep. Scott Perry (R-PA) slammed Democrats during a Wednesday appearance on Fox News, blasting his Democrat colleagues for trying to push the bill through Congress without bipartisan support.
Ahead of the Wednesday meeting, McConnell insisted that the bill should cost no more than $800 billion. Democrats have fought to raise corporate tax rates to 25%, a move which Republicans have strategically opposed. Sen. John Barasso (R-WY) has also pushed back against the child care and senior care package, while saying that Republicans will not budge on any changes to the 2017 tax cut.
Biden is also facing resistance after a disappointing US jobs report showed the US economy was recovering much slower than initially anticipated. Biden will meet with Republican senators on Thursday to discuss more negotiations concerning the price of the infrastructure bill.
