{"id":111015,"date":"2021-03-31T17:00:21","date_gmt":"2021-03-31T17:00:21","guid":{"rendered":"https:\/\/fin2me.com\/?p=111015"},"modified":"2021-03-31T17:00:21","modified_gmt":"2021-03-31T17:00:21","slug":"sen-mitch-mcconnell-slams-tax-hikes-in-bidens-2-trillion-infrastructure-bill-says-he-is-unlikely-to-support-it","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/sen-mitch-mcconnell-slams-tax-hikes-in-bidens-2-trillion-infrastructure-bill-says-he-is-unlikely-to-support-it\/","title":{"rendered":"Sen. Mitch McConnell slams tax hikes in Biden&#x27;s $2 trillion infrastructure bill, says he is unlikely to support it"},"content":{"rendered":"<ul>\n<li>Senate Minority Leader Mitch McConnell, R-Ky., signaled early opposition to President Joe Biden&#x27;s $2 trillion infrastructure overhaul plan, saying it&#x27;s &quot;not likely&quot; he would support it.<\/li>\n<li>&quot;It&#x27;s like a Trojan horse,&quot; McConnell told reporters in Kentucky. &quot;It&#x27;s called infrastructure, but inside the Trojan horse it&#x27;s going to be more borrowed money, and massive tax increases on all the productive parts of our economy.&quot;<\/li>\n<li>McConnell also said that Biden called him on Tuesday to brief him about the proposal.<\/li>\n<\/ul>\n<p>Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday took an early swipe at President Joe Biden&#x27;s soon-to-be-announced infrastructure overhaul, decrying the &quot;massive&quot; tax increases in the roughly $2 trillion plan and fretting about its impact on the national debt.<\/p>\n<p>McConnell, who has opposed prior administrations&#x27; attempts to pass new infrastructure spending through the Senate, said he was unlikely to support Biden&#x27;s ambitious new proposal.<\/p>\n<p>&quot;It&#x27;s like a Trojan horse,&quot; McConnell told reporters in Erlanger, Kentucky. &quot;It&#x27;s called infrastructure, but inside the Trojan horse it&#x27;s going to be more borrowed money, and massive tax increases on all the productive parts of our economy.&quot;<\/p>\n<h2>CNBC Politics<\/h2>\n<p>Read more of CNBC&#x27;s politics coverage:<\/p>\n<ul>\n<li>Here are the details of Biden&#x27;s $2 trillion infrastructure plan<\/li>\n<li>Senate Democrats are pushing for recurring stimulus checks<\/li>\n<li>GOP Rep. Matt Gaetz investigated for alleged sex trafficking of girl<\/li>\n<\/ul>\n<p>The Republican leader said that if the plan is &quot;going to have massive tax increases and trillions more added to the national debt, it&#x27;s not likely&quot; he would support it.<\/p>\n<p>McConnell also said that Biden called him on Tuesday to brief him about the plan. It&#x27;s the second time the two men have spoken since Biden&#x27;s inauguration, according to NBC News.<\/p>\n<p>Biden on Wednesday afternoon is set to travel to Pittsburgh, known as &quot;the Steel City&quot; for its once-towering status as a leading manufacturing hub, to detail his plan to update U.S. infrastructure and create jobs.<\/p>\n<p>The White House says the legislation is just the first part of a double-barreled, multitrillion-dollar economy recovery plan. The second leg of the plan, which will involve huge investments in U.S. health care and child care, is likely to be revealed later in April.<\/p>\n<p>Biden&#x27;s speech is scheduled to start at 4:20 p.m. ET.<\/p>\n<p><strong>This is developing news. Please check back for updates.<\/strong><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/03\/31\/mcconnell-calls-bidens-2-trillion-infrastructure-plan-a-trojan-horse-slams-tax-hikes-.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Minority Leader Mitch McConnell, R-Ky., signaled early opposition to President Joe Biden&#x27;s $2 trillion infrastructure overhaul plan, saying it&#x27;s &quot;not likely&quot; he would support [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":111014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sen. 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