News
Biden, Senators Agree To $1T Bipartisan Infrastructure Deal
While much lower than his $2 trillion original plan, Biden did manage to get a bipartisan group to hear him out. For the next phase, the bipartisan group will have to get the rest of the Republicans to agree with them.
RELATED: Next Wave of Stimulus Could Be $2 Trillion Infrastructure Bill
Bipartisan Infrastructure Deal
Biden and Democratic leaders said that his total $4 billion economic plan hinges on many elements. Specifically, advancing the infrastructure phase that covers transportation, water and broadband are the first of the many steps needed.
The two-track process requires a series of delicate negotiations to gather support for both the bipartisan plan and a separate Democratic proposal. Even if done, it doesn't guarantee safe passage in an evenly split Senate and a narrow Democratic majority in the House.
Meanwhile, Biden is happy with what he can get. “What we agreed on today is what we could agree on. The physical infrastructure. There’s no agreement on the rest,” he said. The President also indicated that he won’t sign the bipartisan deal into law if the rest of his agenda won’t pass as well. In addition, Biden said that “If this is the only one that comes to me, I’m not signing it.”
$1.2 Trillion Spending In Infrastructure
The bipartisan infrastructure deal involves an initial spend of $579 billion above federal levels. Over five years, the federal government expects to increase the spending to $973 billion, even up to $1.2 trillion if it reaches eight years.
As a result, the government will invest in improving the national electric grid, transportation systems, roads, bridges, and other infrastructure.
To pay for the funding the government can repurpose existing federal funds and encourage private-public partnerships. In addition, the Internal Revenue Service will enhance its enforcement of tax laws to ensure that companies and individuals pay their correct taxes. Another proposal points to collecting revenue from sales of strategic petroleum reserve and wireless-spectrum auction sales.
Bipartisan Deal Emerges From The White House
After emerging from the White House meeting, participants of the White House meeting announced the deal they just made. Both Republicans and Democrats agreed that this is proof that bipartisan progress is still possible in a polarized Washington.
“We’ve agreed on the price tag, the scope, and how to pay for it,” said Senator Susan Collins (R-ME) on Thursday. “It was not easy to get agreement on all three, but it was essential,” she added.
Additionally, Biden had to market his infrastructure plan as critical for US efforts to remain competitive globally. “We’re in a race with China and the rest of the world for the 21st century. This agreement signals to the world that we can function, deliver and do significant things,” he added.
It’s Not Over Yet
Even as the group of Republicans and Democrats managed to close their bipartisan infrastructure deal, passing the legislation means succeeding on two fronts. The first move requires Republican support to move the bill into law. Then, the second more difficult one is rallying Democrats over the second economic program.
Senate Majority Leader Chuck Schumer (D-NY) said the Senate will move forward with the bipartisan bill. At the same time, they will push for an even larger bill. This latter will focus on spending for education, healthcare, and anti-poverty efforts.
If needed, the Democrats will ignore the 60-vote requirements and pass the legislation through budget reconciliation. Already, cracks are showing. Biden wants to commit to passing an additional package through a dual-track.
However, House Speaker Nancy Pelosi (D-CA) said that the House won’t take up the bipartisan agreement until the Senate approves a package through reconciliation.“I said there won’t be an infrastructure bill unless we have a reconciliation bill, plain and simple,” Mrs. Pelosi said.
Watch the ABC News video reporting that Biden, a bipartisan group of senators reach a deal on infrastructure bill:
Loading ...Do you support Biden’s bipartisan infrastructure deal? Do you think it will help retain American competitiveness down the line? Or, do you see it as another expensive program that will cost more than it will help?
Let us know what you think. Share your comments below.
14 Comments
what a fn joke
Very little of the allocated money actually goes to rebuilding roads and bridges. This administration is all taken up with spending money and only seems to want to increase government control in every aspect of our lives.
It’s another dealership full of paying off political debt and advancing the lefts adgenda
This administration just wants to line their own pockets! I was unable to work due to my asthma and upper respiratory problems and as an American who has worked all her life has to fight for money which they gave me and now say I owe back to them. Now I have to find a lawyer to help me while they pay for housing, give money to and help illegal immigrants!!! How disgusting!!!
EVERY idiot politician that thinks flooding more funny money into this already bankrupt economy needs to be voted out! The sad part is a lot of lazy “give me free stuff” Americans just loves them some “free” cash and they will continue to vote for whomever gives them their entitled dues. Most cannot see what is right in front of them until it smacks them right in the face. I do not see anything changing until we hit the very bottom hard and then I only see bad things once we get there. We are in real serious trouble people so you better be ready!
Another con job for Americans and their hard earned tax dollars. Makes me want to puke.
This Idiot president and administration is hell bent on killing the American Dream, with all the fucking illegals, the cock suckers need to all be hung by their balls and tits until their DEAD. FUCK THIS ADMINISTRATION AND THE OBAMA AND SOROS FUCKS BEHIND ALL THIS. BIDNE IS TOO STUPID TO EVEN THINK FOR HIMSELF. GET THESE FUCKERS OUT OF OUR GOENRMENT. THEN ALL MADE THEIR MONEY OFF OUR BACKS CAPITALISM. NOW THEY WANT TO CONTROLL ALL OF US WAKE THE FUCK UP AMERICIA. THEIRS GONA BE A REVOLUTION. KILL THESE FUCKS
Nuts.
It’s a shell game with a trillion-dollar pea
Biden and all his so called programs, (buying votes) are a pathetic joke Obama criminal regime! They are trying to destroy this country!
This idiot is a joke for a president,he hurts the American citizens and acts like it no big deal.We need to get this idiot out of the White House before Biden and his group of democrats destroy our country.
We need to vote in business owners and economists to our congress, not lawyers who have no idea how the world works. It is just a game to see who can maintain power and control over the people. Give the people a fish and control their lives or allow them the freedom to fish where the American dream can be fulfilled. Please vote out every incumbent, no matter the side. Tell your GOP leaders to get rid of those that have been there more than 10 years. Ensure free and transparent elections. To many pockets are being lined on the tax payer backs; our unborn great grandchildren are saddled with this new debt marker. Spending isn’t sustainable as the money needs to come from somewhere. This is the perfect storm waiting to happen. How unfortunate for the next 3 presidents who will have to deal with the bullsh*t of this out of control government.
AH, HOW MANY ACTUALLY REALIZE ” WITH OVER 26 TRILLION IN SPENING , WILL CAUSE A ” COLLAPSE OF THE U.S. ECONOMY ” THAT WILL CLEAR THE WAY FOR THE ” ONE CALLED ” ANTICHRIST”, WILL AULTIMATELY ” CAUSE THE ” WORLD TO ACCEPT, ” “HIS MARK”,
( THEN, YOU WILL HAVE NOTHING IF YOU ACCEPT HIS MARK. [NOONE, WILL BE ABLE TO ” BUY,, or SELL” ” ANYTHING” ” BETTER USE YOUR HEAD and THINK of WHATS AHEAD ! get. It !]
I am so angry because I just heard Joe Biden will be stealing from America’s seniors 401k’s, IRA’s, Stocks and Bonds with no conscience or care about the fact that it is STEALING. What kind of man does such a thing. Honest hard working men and women have saved all their lives to live out their retirement and this yahoo comes along and steals it. What the bleep bleep makes this man think he has a right to do this. More than 50% is stipulated to be taken from retired Americans. The dirty Democrats slipped that into a bill and approved it in Congress in the middle of the night. Sounds like a den of thieves plotting to rob unsuspecting Americans to me. I am so angry my blood pressure reading is severely pissed off. What exactly does sleepy Joe Biden intend to FUND with money he is going to steal from senior Americans? You can bet your money bags that he won’t tell unsuspecting Americans seniors what they will be paying for. For the love of God this is absolutely the worst thing any politician has ever done. Shame on Joe Bide, shame on Kamala Harris, shame on the whole blasted lot of Dirty thieving Democrats in the United States today. You can bet you won’t see any of their money in the pot of stolen money. Robbery and thieves is the whole lot of them. Shame on all their houses. Liars and thieves. My god smit the lot of them and cast them into Satans realm.
I AGREE WITH VIKI