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WASHINGTON, D.C. — U.S. Senator Shelley Moore Capito (R-W.Va.),
Ranking Member of the Environment and Public Works (EPW) Committee today joined
CNBC’s Squawkbox to discuss ongoing infrastructure negotiations with the White
House.
HIGHLIGHTS:
REPUBLICAN REDLINES: “So he understood we’re not going to touch the 2017
tax cuts—now, I’m not saying he agreed with that, but he understood our
position there—and that we didn’t consider human infrastructure physical
infrastructure.”
HOW MUCH?: “So we’re going to meet all the metrics the president
himself laid out for us, and we’ll get close to his number. We're going to
include a lot of the things that are important to all of us and to him in the
core infrastructure space.”
UNDOING 2017 TAX CUTS: “I think it’s completely off the table. Look, the tax
cuts of 2017 lead to a roaring economy we saw pre-pandemic. We know that. But
also we can do this without touching those tax cuts and we can do it by
repurposing COVID dollars. If we look at the states that are no longer taking
enhanced unemployment, there’s a resource right there for us. We’re looking at
a financing mechanism like a revolving fund for infrastructure where you would
put some dollars in and get a much greater private investment. User fees—the
president has taken user fees off the table even for electric or hybrid use vehicles
and we disagree with that. So we’re going to keep pushing that. I think we can
do this without touching that tax bill and I think it can be fully paid for and
that’s the goal we’re trying to go for.”
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