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Rep. Peter DeFazio (D., Ore.), the chairman of the House Transportation and Infrastructure Committee, said he didn’t think paying for the full cost of the plan through tax increases was necessary. Mr. DeFazio said he would support an increase in the gas and diesel tax to pay for the new investments over time, as well as more borrowing to cover part of the cost. …
Rep. Josh Gottheimer (D., N.J.) said he wanted to see the Biden administration consider alternatives to the corporate tax increases to try to court Republican support. ‘I think on the corporate piece, if it’s a nonstarter for the Republicans and it means we can’t get bipartisanship, I’m eager to hear their other ideas,’ he said, listing user fees as one possibility.
Mr. Gottheimer and other lawmakers from the New York area have also insisted that Congress restore the deduction for state and local taxes, which was capped at $10,000 in the 2017 tax law. [House speaker Nancy Pelosi] said she was sympathetic to that idea, while the White House has said lawmakers should propose a way for paying for the deduction.
Source: The Guardian
Keyword: Biden faces Democratic and Republican hurdles over $2tn infrastructure plan – live | US news