The opposition Republican Party has presented a new plan of 100 trillion yen against the 180 trillion yen infrastructure investment plan that President Biden of the United States is enthusiastic about.
Although there is still a gap, it has been closer to the administration side from the beginning, and the future focus of President Biden will be.
Biden's eight-year huge infrastructure investment plan continues to be discussed with the opposition Republican Party, which calls for a reduction in budget size, but last week the administration was 25% more than originally planned to find a compromise. We have re-proposed a plan to reduce the scale to 180 trillion yen.
On the 27th, the Republican Party also put together a new 100 trillion yen counter-proposal.
Although there is still a gap in the amount, the amount has been increased from the original plan, and this time the Republican Party has come closer.
However, the Republican Party's plan does not include the cost of housing development for low-income earners proposed by the administration, and it also opposes raising the corporate tax as a financial resource.
President Biden has said that the infrastructure plan will show the public a policy shift toward expanding the middle class, so if he makes a big concession, there may be disagreements within the Democratic Party, but with the Republican Party, which continues to be in conflict. Reconciliation is also an issue, and President Biden's approach will be the focus for next month when he wants to consolidate his budget.