• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
PoliticsU.S. Politics

Democrats are eyeing a $6 trillion infrastructure plan that focuses on Medicare, immigration reform

By
Lisa Mascaro
Lisa Mascaro
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Lisa Mascaro
Lisa Mascaro
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 17, 2021, 3:05 PM ET
Video Poster
Add Fortune on Google for similar content.

Democrats are eyeing a $6 trillion infrastructure investment plan that goes far beyond roads and bridges to include core party priorities, from lowering the Medicare eligibility age to 60 and adding vision and hearing benefits to incorporating a long-running effort to provide legal status for certain immigrants, including “Dreamers.”

The Senate is preparing a budget document, alongside one in the House, that puts a new focus on President Joe Biden’s big legislative proposal and shows the scope of what Democrats want to accomplish with a go-it-alone approach, separate from any possible bipartisan deal.

Back from his overseas trip, Biden is reengaging with Congress as the administration and its allies on Capitol Hill embark on a two-pronged strategy: reviewing a nearly $1 trillion plan from a group of 21 senators, including 11 Republicans, while pursuing their own priorities in a more substantial package.

Half of the total in the $6 trillion plan is expected to be paid for, largely with Biden’s proposed taxes on corporations and those earning more than $400,000. Details emerging Thursday were confirmed by a person who was not authorized to publicly discuss private deliberations and spoke on condition of anonymity. Initial Senate votes are expected in July.

“We have an enormous amount of work in front of us,” Sen. Bernie Sanders, chairman of the Senate Budget Committee, said after making a closed-door presentation to colleagues late Wednesday.

Sanders, I-Vt., would not disclose details. He indicated that the size and scope is needed to “address the crisis facing working families, to rebuild our crumbling infrastructure, to deal with climate change, to deal with the needs of children and parents to deal with the affordable housing crisis.”

The goal, he said, is also to ensure that the wealthiest people and the largest companies “start paying their fair share of taxes.”

Biden is expected to be reviewing the nearly $1 trillion proposal from the bipartisan group of senators. That 11 are Republicans shows the potential for an agreement that could theoretically reach the 60-vote threshold needed to advance bills.

Biden said Wednesday he was “still hoping we can put together the two bookends here” for a compromise.

The bipartisan proposal offers about $579 billion in new spending, including $110 billion on roads and highways, $66 billion on passenger and freight rail and $48 billion on public transit, according a Republican who requested anonymity to discuss it. An additional $47 billion would go toward efforts to fight climate change and there is money for electric vehicle charging stations.

The senators’ group suggests tapping $120 billion in unspent COVID-19 relief money and $315 billion from the Paycheck Protection Program, created to help businesses pay workers during the coronavirus lockdowns. The senators also want to go after tax dodgers by bolstering the IRS.

One source of contention among these senators is over raising gas taxes by linking future increases to inflation. It’s an idea that many other Democrats oppose and goes against Biden’s pledge not to tax Americans earning less than $400,000. The bipartisan group is also considering a fee on electric vehicle users.

For his plan, Biden has proposed raising taxes on corporations, from 21% to 28%, to fund the jobs plan, and increasing taxes on wealthy Americans earning more than $400,000—moves that Republicans flatly oppose.

House Speaker Nancy Pelosi, D-Calif., made it clear Thursday there will almost certainly be a second bill from Democrats, regardless of whether a bipartisan deal is reached. She panned the effort to increase the tax consumers that pay at the gas pump.

“I don’t think the American people, America’s working families should be footing the bill for roads and bridges and the rest that America’s wealthiest people and businesses are using,” she said.

Biden has proposed a historic investment in public works that also would shore up what the White House calls the human infrastructure of everyday life: child care centers, veterans hospitals, community colleges and elder care.

Together, the $1.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan make up a wish-list of Democratic priorities that most Republicans say are investments that go far beyond what they are comfortable spending.

The administration dispatched top White House advisers for back-to-back meetings on Capitol Hill while the president was in England and Europe. Officials met late Wednesday in the Capitol basement with the Democratic senators in the bipartisan group, poring over the proposal.

The bipartisan group negotiating with the White House includes some of the most watched members of the Senate, and some who are known for reaching out to the other side or bucking their party to make a deal.

The Republicans are Sens. Richard Burr of North Carolina, Bill Cassidy of Louisiana, Susan Collins of Maine, Lindsey Graham of South Carolina, Jerry Moran of Kansas, Lisa Murkowski of Alaska, Rob Portman of Ohio, Mitt Romney of Utah, Mike Rounds of South Dakota, Thom Tillis of North Carolina and Todd Young of Indiana.

On the Democratic side are Sens. Chris Coons of Delaware, Maggie Hassan of New Hampshire, John Hickenlooper of Colorado, Mark Kelly of Arizona, Joe Manchin of West Virginia, Jeanne Shaheen of New Hampshire, Kyrsten Sinema of Arizona, Jon Tester of Montana, Mark Warner of Virginia and Angus King of Maine, an independent who caucuses with Democrats.

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Authors
By Lisa Mascaro
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

mitch
North AmericaCongress
Mitch McConnell, 84, hospitalized with no details released; term ends in January
By The Associated PressJune 15, 2026
6 hours ago
3d
North AmericaCrime
‘It’s not going to work’: New York’s 3D printer gun-blocking law isn’t even supported by its own supporters
By David A. Lieb and The Associated PressJune 15, 2026
6 hours ago
non
MPWNon-Profit
America’s nonprofits and foundations launch huge PR campaign because Washington is treating them like an enemy
By James Pollard and The Associated PressJune 15, 2026
6 hours ago
ufo
North AmericaPentagon
Pentagon’s third UFO release has fish-scaled potatoes and red orbs. Still no aliens
By Collin Binkley and The Associated PressJune 15, 2026
6 hours ago
italy
EuropeItaly
Meloni was about to become Italy’s longest-serving leader. Then ‘Il Generale’ stole her right flank
By Giada Zampano and The Associated PressJune 15, 2026
7 hours ago
Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
EconomyMarkets
Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
By Jim EdwardsJune 15, 2026
9 hours ago

Most Popular

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
Personal Finance
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
By John W. Diamond and The ConversationJune 12, 2026
3 days ago
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Success
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
2 days ago
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
Energy
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
By Jason MaJune 14, 2026
1 day ago
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
Economy
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
By Nick LichtenbergJune 14, 2026
1 day ago
SpaceX surge further boosts Saudi billionaire prince’s fortune
Investing
SpaceX surge further boosts Saudi billionaire prince’s fortune
By Adveith Nair and BloombergJune 14, 2026
1 day ago
AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits
AI
AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits
By Jacqueline MunisJune 14, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.