. White House pares infrastructure proposal to $1.7 trillion, Republicans balk « JO LEE MAGAZINE

Reuters – The White House said on Friday it had pared down its infrastructure bill to $1.7 trillion from $2.25 trillion, with cuts to investments in broadband and roads and bridges, but Republicans dismissed the changes as insufficient for a deal.

The White House plan, which Republicans have decried as too expensive, would seek to address climate change and social issues such as elder care, in addition to revitalizing traditional transportation infrastructure.

It would cover the cost of the investments by raising taxes on U.S. corporations and incomes over $400,000. Top Republican lawmakers have said they would not agree to a tax hike.

Read this entire article at Reuters.

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