Republicans Propose Funding Infrastructure With Unused Covid Relief

Senate Republicans have proposed a counter offer to President Biden's $1.7 trillion infrastructure plan. The White House acknowledges the compromise but insists on more funding for veterans, hospitals, and clean water. Disagreements persist over funding sources, with Republicans suggesting reallocating COVID relief funds, which the White House warns could harm small businesses. Biden plans to fund his proposal through tax hikes on corporations and the wealthy, which Republicans oppose. As the Senate goes on vacation for Memorial Day, negotiations are set to continue.

What concerns do Republicans have regarding tax hikes proposed by President Biden?

What is the current status of negotiations as mentioned in the text?