Most Read
Image 01 Image 02 Image 03

White House Cuts ‘Infrastructure’ Bill to ‘Only’ $1.7 Trillion

White House Cuts ‘Infrastructure’ Bill to ‘Only’ $1.7 Trillion

Oh, how sweet. Biden cut over a trillion and presents a bill that still costs over a trillion with all the sweet pork.

Oh, how nice. The White House kindly cut down the infrastructure bill to only $1.7 trillion from $2.3 trillion.

President Joe Biden kept much of the spending and tax provisions in the bill that the Republicans do not like.

The White House needs support from Senate Republicans to pass a bill.

The Democrats can pass legislation in the House and Senate without the Republicans. The White House, though, wants to achieve infrastructure spending with bipartisan support.

From The Wall Street Journal:

In a memo to Senate Republicans, the White House proposed lowering President Biden’s funding request for broadband internet to $65 billion from $100 billion, and for roads, bridges and infrastructure projects to $120 billion from $159 billion. The White House said those numbers more closely align with Senate Republicans’ proposals.

It also proposed shifting $480 billion in funding for research, development and manufacturing initiatives into other legislation. But the White House showed no signs of budging on its plan to raise corporate taxes to pay for the program, which Republicans have called a nonstarter.

Press Secretary Jen Psaki said, “In our view, this is the art of seeking common ground.”

However, the Republicans involved did not comment on Biden’s new deal. One aide contradicted Psaki:

Republicans involved in the negotiations didn’t immediately comment on the new White House offer, though one Republican aide familiar with the talks said the new offer didn’t bring the two sides closer to a deal.

With only days until Memorial Day, which the White House has set as a target for making progress on infrastructure negotiations, Republicans and the White House remain deeply divided on the scope of an infrastructure package and how to pay for it after weeks of meetings and negotiations. Even if the two sides manage to further narrow the gap between their two proposals, aides in both parties expect the disagreements over financing the package to be very difficult to overcome.

DONATE

Donations tax deductible
to the full extent allowed by law.

Comments

healthguyfsu | May 21, 2021 at 9:17 pm

LOL all the “how to adult” millenials still don’t understand how bad corporate tax rate increases are for them and their futures. Not sure if the Gen Z will understand before or after they fully enter the workforce.

    mark311 in reply to healthguyfsu. | May 22, 2021 at 6:52 am

    What a race to the bottom which means corporate executive get wealthier and the country as a whole can’t afford basic things.

“We’ll compromise by taking out all the things you like about the bill.”

“Wait a minute. Don’t you have that–”

“Bigot! Hater! See, we tried to get along, but you just won’t even try. We’re going to ram this through under budget reconciliation.”

Now, how much of that is actually for INFRASTRUCTURE rather than a bunch of bullshit communist pet projects?

“The White House needs support from Senate Republicans to pass a bill….”

Let’s be very accurate here: we are now a three party political system: the democrats, the Republicans and the and the forty people in the GOPe (with a base of zero). We have to cut the GOPe scum loose – we can NEVER, EVER, trust them.

George_Kaplan | May 22, 2021 at 12:29 am

To clarify, is it the pork being removed, or the actual substantive elements? If the pork gets fully funded and the infrastructure not, then Democrats will need an infrastructure part 2 bill.

the one question I have yet to hear anyone ask is what happened to the highway trust fund(transportation trust fund) where did that money go, when you buy gas the better part of a dollar goes to that fund. even more interesting is most of the interstate roads in the north-north east are toll roads want happened to that money

    healthguyfsu in reply to ronk. | May 22, 2021 at 2:10 am

    Tolls tend to be state, not federal, so they went into the slush fund that became paying off “budget shortfalls” in the Northeast, particularly in NY/NJ. Budget shortfalls are in caps because there wouldn’t be any shortfalls without excessive spending that looks a lot like what Biden is trying to do nationally. He’s making CA/NY’s problems the entire country’s problem and thanking those two for the idea by giving them huge kickbacks to the detriment of the other states.

    As for the highway trust fund, I don’t know but you can probably guess….slush fund tactics.

    Lucifer Morningstar in reply to ronk. | May 22, 2021 at 9:45 am

    the one question I have yet to hear anyone ask is what happened to the highway trust fund(transportation trust fund) where did that money go . . .

    You’re kidding, right? The government spent it all on other things with a hypocritical promise to pay it all back into the trust fund at a later time. After all, it’s the federal government. They can’t just have money sitting around doing nothing. Spend, spend, spend is their watchword.

Dusty Pitts | May 22, 2021 at 8:29 am

Pudding is infrastructure now.

All the repubs have to do is *stall* for heavens sake. It’s 18 months will the house/senate elections. The Madame speaker perfected the art during Trump’s term. All they have to do is copy her.

Font Resize
Contrast Mode
Send this to a friend