Senate Minority Leader Mitch McConnell (R., Ky.) indicated that congressional Republicans would not support the Biden administration’s $2 trillion infrastructure plan, in comments to reporters on Thursday.
The proposal “is not going to get support from our side,” McConnell said. “My view of infrastructure is that we ought to build that which we can afford and not either whack the economy with major tax increases or run up the national debt even more.”
“I’m going to fight them every step of the way,” he added.
Republicans have criticized the plan’s increase of the corporate tax rate from 21 to 28 percent. The administration is reportedly considering other tax increases to fund the plan, including higher taxes on Americans making over $400,000 a year.