
The Senate on Tuesday passed a roughly $1 trillion bipartisan infrastructure deal, a significant win for President Biden and the first step on his top legislative priority.
The bill is now heading to the House, where it faces an uncertain future and skepticism from progressives. Speaker Nancy Pelosi (D-Calif.) has vowed she won’t take it up until the Senate passes the second part of its infrastructure two step, a sweeping $3.5 trillion spending package that includes Democrats’ top priorities.
But the Senate’s passage of the bipartisan measure on Tuesday gives a victory for Biden and the centrist-minded group that led the legislation, and placed big bets and months of time on the ability to get a bipartisan deal on infrastructure, one of Washington’s long-running legislative white whales.
The bipartisan deal includes roughly $550 bill in new funding, making it substantially smaller than the $2.6 trillion proposed by Biden earlier this year.
It includes money for new investments for infrastructure projects like roads, bridges, broadband, water and rail. According to a Congressional Budget Office (CBO) analysis, the bill would add $256 billion to the deficit, though negotiators argue that “hard” infrastructure projects pay for themselves over time and that CBO didn’t give them full credit for their work.
Read more at The Hill.
{Matzav.com}
negotiators argue that “hard” infrastructure projects pay for themselves over time
I’ve heard government po0liticians says something will pay for itself over time.
Not once did it actually happen unless there was a clear plan of HOW it would pay for itself. Not once have the promises of if we do this the economy will do better so…. come true
So will we be getting another stimulus check?
all this does is provide contracts to Biden’s pet donors. shame on those “republicans.” they should all be primaries out in 2022 if they are running then. Lindsay graham doesn’t care – he just got re-elected in 2020. what a chameleon (trying to be nice)
There is an expression: “My way or the highway.” In this instance, Biden got both: He got his way and he got the highway [infrastructure].”
5:19, if you believe that more than 5% of this trillion dollar bill is slated for actual infrastructure (in a non orwellian “ministry of truth” sense of the word, such as actual highways and bridges), I have a piece of infrastructure across the East River to sell you.