Washington (CNN) - Top Democratic and Republican leadership aides on Capitol Hill say President Barack Obama's two new economic proposals have virtually no chance of passing Congress before the midterm elections, even before he has formally announced them.
Obama is expected to unveil a plan Monday in Milwaukee, Wisconsin, to push at least $50 billion into infrastructure spending. In Cleveland, Ohio, on Wednesday, he will tout the increase and extension of a business tax credit for research and development. The White House says both proposals will be paid for, in part, by closing tax loopholes for oil and gas companies.
Doubtful that either will pass in the near future, Democrats and Republicans are blaming each other.
"After failing to deliver on their economic promises for more than 18 months, the administration wants to do it again - this time with higher taxes to pay for even more new spending," Senate Minority Leader Mitch McConnell, R-Kentucky, said in a written statement Monday.