Biden says he is 'prepared to negotiate' scope of infrastructure plan and how to pay for it - CNBC

Apr 12, 2021

President Joe Biden said Monday that he is ready to bargain with lawmakers about changes to his more than $2 trillion infrastructure plan.

It's going to get down to what we call infrastructure," the president said ahead of an Oval Office meeting with House and Senate members from both parties.

In a statement following the meeting, the White House said Biden and lawmakers "had a good exchange of ideas, and the President asked for their feedback and follow-up on proposals discussed in the meeting, while underscoring that inaction is not an option."  .

Before the meeting, Biden said water systems and broadband should be considered infrastructure.

GOP lawmakers have also criticized Biden's plan to increase the corporate tax rate to 28% to offset the investments.

Joe Manchin, D-W.V., has urged Biden to raise the corporate rate to 25% rather than 28%