Portman Statement on Biden Administration’s Infrastructure Proposal
CINCINNATI, OH – U.S. Senator Rob Portman (R-OH) issued the following statement in response to the Biden Administration’s infrastructure proposal announced today:
“I support improving America’s aging roads, bridges, ports, and other infrastructure. And we can do so in a bipartisan way. Last Congress, the Senate Environment and Public Works Committee approved bipartisan infrastructure legislation by a vote of 21-0, but the hard work on how to pay for it remains. This bipartisan approach last Congress totaled $287 billion, yet the Biden plan introduced today costs more than $2 trillion. At its core, the president’s plan calls for a $620 billion investment in transportation infrastructure. However, the total soars to $3 trillion with its inclusion of these broad policy priorities that are a far cry away from what we’ve ever defined as infrastructure. The Biden Administration’s plan redefines infrastructure to include hundreds of billions of dollars of spending on priorities like health care, workforce development, and research and development.
“To pay for part of this massive new spending package, President Biden proposes steep new taxes on businesses which will hurt working families and last more than a decade. This is the wrong approach, and will only undermine our economy at a time when we are beginning to recover. The pro-growth policies put in place by Congress through the Tax Cuts and Jobs Act in 2017, which provided middle-class tax relief to families and made our tax code more competitive for our businesses and workers, led to one of the best economies in our nation’s history. It resulted in 19 straight months of wage growth over three percent for the first time in over a dozen years. The U.S. hit a 50-year low in unemployment and the national poverty rate was the lowest ever recorded since the statistic started being tracked more than 60 years ago. We can work together to find common-sense ways to pay for real infrastructure legislation without resorting to partisan tax hikes that will hurt our economy.”