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Saturday, May 15, 2021

Rep. Jim Banks concerned about price tag of President Biden's 'Build Back Better' plan

Credit: WFFT
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Rep. Jim Banks concerned about price tag of President Biden's 'Build Back Better' plan
Rep. Jim Banks concerned about price tag of President Biden's 'Build Back Better' plan

On Wednesday, President Joe Biden announced the first part of his new $2 trillion Build Back Better plan: the American Jobs Plan.

But some Republicans in Congress are concerned about the cost.

We're taking a live look at the white house ...earlier today president joe biden traveled from washington d-c to pittsburgh, pennsylvania to announce his plans for more than two-trillion dollar infrastructure proposal.mary moloney explains how biden use the money.

3 president joe biden making his pitch to fix some of the country's most pressing problems.president biden: "it is a once-in-a-generation investment in america."a more than 2-trillion dollar investment to rebuild america's airports --ports -- railways --and roads.president biden: "unlike anything we've seen or done since we built the interstate highway system and the space race decades ago."it's not just investing in infrastructure -- the sweeping american jobs plan dedicates billions of manufacturing -- while also providing money to care for aging americans -- build or renovate schools and housing units --upgrades to water systems --and access to high speed internet.the president pledges his proposal will create green jobs --while reducing climate change.

President biden: "the american jobs plan will lead to a transformational progress in our effort to tackle climate change"to pay for the plan -- president biden wants to raise taxes on businesses -- including increasing the corporate income tax rate -- and the minimum tax foramerican companies that acquire or merge with foreign businesses.the tax hikes -- turning off republicans.sen.

Ted cruz / -r- texas: "the only thing it appears they are in favor of is more government spending, more taxes, and more government power over your lives"the bill's passage in the evenly split senate --is far from certain.president biden: "it's big, yes, it's bold, yes, and we can get it done"in washington --i'm mary moloney.

While joe biden is all in on his 2-trillion dollar build back better plan... some republicans are concerned about the price tag.

Indiana's district 3 representative jim banks says the national debt is already at a crisis point and he's worried this new package plus the 1-point-9 trillion dollar american rescue plan would push the economy past recovery.

D banks also says some elements of the plan... like affordable accessible broadband... have bipartisan support.he says he hopes republicans can be included in negotiations to find a plan that could have more support from

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