Make Kitco Your Homepage

Funding infrastructure with user fees would violate Biden's pledge on taxes -White House

Kitco News

WASHINGTON, May 14 (Reuters) - Republican proposals to fund an increase in infrastructure spending with user fees would violate President Joe Biden's pledge not to raise taxes on Americans making less than $400,000 a year, the White House said on Friday.

"User fees that have been proposed out there would violate" what is a "red line" for Biden in infrastructure negotiations, White House press secretary Jen Psaki told reporters.

Reporting by Trevor Hunnicutt; Writing by Tim Ahmann; Editing by Chris Reese

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.