Schumer hopes for July vote for bipartisan infrastructure bill
Reuters
Published Jun 15, 2021 03:13PM ET
WASHINGTON (Reuters) - U.S. Senate Majority Leader Chuck Schumer said on Tuesday he hoped to have a July vote on a bipartisan infrastructure bill, but a second measure would be needed to incorporate climate and human infrastructure measures.
The top Senate Democrat told reporters there are many in his caucus who think the bipartisan proposal is a good start but does not do enough.
Democrats and Republicans in the 50-50 split Senate have been negotiating behind the scenes on a potential $1 trillion bipartisan infrastructure bill, with slightly more than half of that plan consisting of new funding. The rest would come from already approved money for COVID-19 relief and other programs.
But President Joe Biden and his fellow Democrats in Congress want a much larger effort that not only invests in traditional infrastructure such as road and bridge-building, but in significantly reducing carbon emissions and helping the elderly and others receive home healthcare.
"In order to move forward on infrastructure, we must include bold action on climate," Schumer told reporters.
Senate Republican leader Mitch McConnell said he was hopeful of passage of a bipartisan bill but reiterated that any such measure must not undo any of the 2017 tax law that gave substantial breaks to corporations and the wealthy.
A second, Democrats'-only bill, if there is one, likely would advance this fall.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.