Biden Rebuild America Plan now focus on infrastructure

[davebucknut]

https://thehill.com/homenews/administrat...t-focus-to

Tjhis is another example of how tough it is to get legislation passed if you are not crafty about it. Biden will have shrill voices in his own party fairly soon.

The only thing we can guarantee is that politicians will get rich, so will their cronies, our rights will get eroded, and the taxpayers fund all of it.

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[cincydawg]

A good bit of spending is "borrowed" money, not tax monies.

In a sense, it's not really borrowed realistically.

[zigbee]

President Biden on Thursday declared that he and a bipartisan group of senators had reached a deal for a $1.2 trillion infrastructure package, a breakthrough agreement that comes after weeks of arduous negotiations.

The agreement includes more than $500 billion in new spending that will be invested in "core" infrastructure projects such as roads, broadband internet and electric utilities over the next eight years.

"We have a deal," Biden said outside the White House, standing next to a group of Republicans and Democrats who helped to craft the framework. "I think itâ€s really important weâ€ve all agreed that none of us got all that we wanted."


Still, the compromise is just the beginning of what's likely to become a long and difficult path to passage: Biden pledged to not sign any legislation unless it comes in tandem with a multitrillion-dollar reconciliation package that focuses on Democratic priorities such as child and elder care, climate change and health care.

It's unclear whether Democrats will be able to secure the support of all 50 members needed to pass the legislation in the Senate with their slimmest-possible majority.

Here's a breakdown on how the money in the bipartisan bill would be allocated:

Transportation: $312 billion
Roads, bridges, major projects: $109 billion
Safety: $11 billion
Public transit: $49 billion
Passenger and freight rail: $66 billion
Electric vehicles: $7.5 billion
Electric buses/transit: $7.5 billion
Reconnecting communities: $1 billion
Airports: $25 billion
Ports and waterways: $16 billion
Infrastructure financing: $20 billion
Other infrastructure: $266 billion
Water: $55 billion
Broadband: $65 billion
Environmental remediation: $21 billion
Power, including grid authority: $73 billion
Western water storage: $5 billion
Resilience: $47 billion
"Democracy requires compromise," a White House fact sheet said. "The historic Bipartisan Infrastructure Framework will make life better for millions of Americans, create a generation of good-paying union jobs and economic growth, and position the United States to win the 21st century, including on many of the key technologies needed to combat the climate crisis."


How would they pay for it?
One of the biggest sticking points was how to pay for the measure. The White House said in a fact sheet that it would be funded with unused coronavirus relief funds, unused unemployment insurance and sales from the strategic petroleum reserve, among other measures.

Here are all of the revenue sources listed by the White House:

Reduce the IRS tax gap
Unemployment insurance program integrity
Redirect unused unemployment insurance relief funds
Repurpose unused relief funds from 2020 emergency relief legislation
State and local investment in broadband infrastructure
Allow states to sell or purchase unused toll credits for infrastructure
Extend expiring customs user fees
Reinstate Superfund fees for chemicals
5G spectrum auction proceeds
Extend mandatory sequester
Strategic petroleum reserve sale
Public-private partnerships, private activity bonds, direct pay bonds and asset recycling for infrastructure investment
Macroeconomic impact of infrastructure investment

[davebucknut]

#boondoggle

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[P1tchblack]

Biden to require US-made steel, iron for infrastructure

President Joe Biden speaks at North Carolina Agricultural and Technical State University, in Greensboro, N.C., Thursday, April 14, 2022. (AP Photo/Carolyn Kaster)
WASHINGTON (AP) — The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.


New guidance issued Monday requires that the material purchased — whether itâ€s for a bridge, a highway, a water pipe or broadband internet — be produced in the U.S. However, the rules also set up a process to waive those requirements in case there are not enough domestic producers or the material costs too much, with the goal of issuing fewer waivers over time as U.S. manufacturing capacity increases.

“There are going to be additional opportunities for good jobs in the manufacturing sector,” said Celeste Drake, director of Made in America at the White House Office of Management and Budget.

https://apnews.com/article/business-41a1...a798fad66e

[ChinaBuck]

It's clear that the US needs to be more independent in the production of building materials, chips, medicine, energy and food.

[davebucknut]

It's clear that the US needs to be more independent in the production of building materials, chips, medicine, energy and food.

We still make all of these things, just extremely expensive, plus we know the biden's union buddies will milk the hell out of these contracts and only a pittance of work will get done for the 1 trillion dollar budget.

Its a gigantic boondoggle.

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