Biden Jobs Plan Faces Major Hurdles

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Here’s what we’re talking about today:

1. CYCLING AND TRADING: Negotiations on President Biden’s $ 2.3 trillion employment plan are in full swing. He will meet in the Oval Office today with a non-partisan group of lawmakers, some of whom are former mayors and governors. Meanwhile, Vice President Harris will travel to North Carolina to promote the plan while she gives her first major speech on the economy. However, the more discussions there are about the plan, the clearer it becomes that some important barriers remain.

Here’s a look at where things are:

A GOP counter-proposal is progressing: Texas Senator John Cornyn said he was working with Democrats on an $ 800 billion package. Republicans and some corporate groups have pressured the White House to narrow its definition of infrastructure by cutting items such as $ 400 billion on home care workers. Biden has defended a broader definition of infrastructure that goes beyond roads, bridges, ports and airports.

A deal should be formed around corporate taxes: Axios reports that Biden and Democrats are increasingly willing to accept a 25% rate instead of the 28% currently included in the plan. Trump and the GOP’s 2017 Tax Act cut the total corporate rate from 35% to 21%.

Time remains a factor: House spokeswoman Nancy Pelosi has privately told lawmakers that she would like the House of Representatives to pass before July 4th, a quick timeline in an institution that is notoriously slow moving. In contrast to Biden’s $ 1.9 trillion bailout, the White House expects the infrastructure plan to go through a more normal process of hearings and serves.

2. Fauci expects a decision on Johnson & Johnson this week: Dr. Anthony Fauci hopes the paused COVID-19 shot will be called by Friday. The Centers for Disease Control and Prevention held a meeting that day to discuss what to do with the vaccine, which was suspended after six women developed rare blood clots.

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Marianne Ayala / Insider


3. These are the shares with which the legislature trades: Seth Moulton MPThe Massachusetts Democrat is one of the newest investors in Swedish company Oura, which makes a high-tech wearable ring that measures all types of biometrics. Moulton invested up to $ 250,000 in the private company. He told Insider that he has withdrawn from making decisions related to his or her wife’s investments. Here’s a look at our exclusive look at the portfolios of the mighty.

Dogecoin is in the halls of Congress. Rep. Mark Green, a Republican from Tennessee, bought the cryptocurrency valued at $ 1,001 to $ 15,000. And Senator Mark Warner, a Virginia Democrat and one of the richest members of Congress, sold his investment in Revival, a custom window company. He made between $ 1 million and $ 5 million on the sale, which his office said was being managed by a private trustee like all of his other investments.

Read the rest of our latest round-up here.

4th poll shows McConaughey two-digit ahead of Governor Greg Abbott: Texans prefer Oscar-winning Matthew McConaughey to Republican Governor Abbott, according to a poll by the Dallas Morning News and the University of Texas at Tyler. Respondents support McConaughey (45%) versus Abbott (33%) while 22% would support someone else. McConaughey said he was considering a run but has yet to make a decision.

5. The final arguments in Derek Chauvin’s murder trial are due today: Minneapolis and cities across the country brace for riot as the jury is expected to begin deliberations today. CNN reports that Los Angeles, Philadelphia and San Francisco are preparing additional officials pending the verdict. More about the preparations here.

The House Top Republican warned Pelosi of Waters’ comments:

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Kevin McCarthy / Twitter

6th The top things for your calendar, all times east:

  • 10:00 a.m: Chauvin’s trial continues to close the arguments
  • 11:50 am: Harris speaks at Guilford Technical Community College in Jamestown, North Carolina.
  • 12:15 pm: Jen Psaki holds the daily White House press conference
  • 1:15 p.m .: Biden meets with a group of non-partisan lawmakers in the Oval Office

7. Bush is very sorry: Former President George W. Bush said his failure to pass comprehensive immigration reform was one of the “greatest disappointments” of his presidency. Bush said he would continue to support a citizenship path for undocumented immigrants currently living in the US. More comments from a rare interview.

8th. Authorities are looking for the suspect in a fatal shootout in Austin: Police are looking for a former Travis County MP suspected of killing three people in a domestic violence incident, the Austin American-Statesman reports. The man in question is also charged with sexually assaulting a child. The manhunt continues shortly after 5 a.m.

9. Biden Adjutant warns Russia of “consequences” if Alexei Navalny dies: National security adviser Jake Sullivan warned Moscow that “the international community will hold it accountable” if Putin’s top critic dies in custody. Navalny’s doctors have warned that if not treated medically, he could “die any minute”. Navalny previously went on hunger strike to protest his lack of medical treatment.

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Daria Navalnaya / Twitter

10. European soccer teams caused international turmoil: British Prime Minister Boris Johnson and French President Emmanuel Macron have criticized the creation of a continental “Super League” with six English, three Spanish and three Italian clubs forming a breakaway organization. Liverpool, Manchester United, AC Milan and Real Madrid are part of the planned new league. FIFA and other football organizations have threatened bans and sanctions for teams joining.

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Boris Johnson / Twitter

One last thing.

Today’s trivia question: Speaking of football, who is the only president who has played college football? Email me your guess and a suggested question at bgriffiths@insider.com.