Dive Brief:
Republican senators on Thursday unveiled their second counter-offer to President Joe Biden's proposed $2 trillion infrastructure proposal, following multiple meetings between Republican leadership and White House officials.
The latest proposal from the right, led by Sen. Shelley Moore Capito, R-W. Va., includes a $4 billion carve-out for electric vehicle infrastructure, under a broader $506 billion proposed investment in roads, bridges and "major projects." Biden's proposal had called for a $174 billion investment in EV infrastructure and incentives.
In all, the Republicans proposal would spend $928 billion on infrastructure over the next eight years, a $360 billion increase over their previous proposal. "It's a serious effort to try to reach a bipartisan agreement," Capito told reporters following the release of the proposal.