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Biden trading bipartisan infrastructure on the road | Business

Washington — President Joe Biden sold voters on the economic benefits of a $ 973 billion infrastructure package while in Wisconsin on Tuesday, a bipartisan agreement largely together with millions of new job promises I hope to boost.

Biden traveled to Lacrosse, a population of 52,000, and after visiting its public transport center, Infrastructure package announced last week..

The president presented his message to democratic donors on Monday, the agreement was how the United States insisted on the principles of democracy and economic power that could come from dramatic investments in the country’s economic future. ..

“This infrastructure bill shows the world that we can function and deliver. We can do important things and show that America is back.”

White House officials have issued an internal note highlighting how the largest investments in transportation, water systems and services will drive growth in almost a century. The memo states that the entire package is four times the size of infrastructure investment made 12 years ago in response to the Great Recession, the largest since the New Deal of Franklin D. Roosevelt in the 1930s.

It also emphasizes an analysis that suggests that 90% of the work generated by spending can go to workers without a college degree. This is an important change as much of the net work before the pandemic went to college.

“This is a blue-collar blueprint for rebuilding America,” says Memo.

Potential economic benefits were a common incentive for a group of agreed Democratic and Republican senators. transaction On thursday. However, the process was temporarily confused late last week as Mr. Biden proposed to suspend the transaction until he also received another package for infrastructure, work and education decided only by the Democratic Party through the budget adjustment process. ..

Biden said on saturday This was not a veto threat, And by Sunday the package was back on track.

White House spokesman Jen Psaki said Monday that Biden was “eager” for both bills to be approved by Congress, and the president “will do his best” to make it happen.

“The president intends to sign both bills,” Pusaki said in her daily briefing.

Parliament’s approval of both bills remains long-distance, with the first vote this summer scheduled for July. Senate Republican leader Mitch McConnell overcame new obstacles while speaking in Kentucky on Monday, questioning the previous legislative process.

McConnell said he hadn’t yet decided whether to support the bipartisan package, but followed Biden with Speaker of the House Nancy Pelosi and Senate Democratic leader Chuck Schumer on a much larger scale. He said he would like to say that he would pass the bipartisan arrangement without requiring him. -Upbuilding will be carried out.

“I’m grateful that the president is ready to deal with infrastructure individually, but he doesn’t control Congress,” McConnell said at a press conference in Louisville.

The two bills were always expected to work together. Biden has withdrawn the veto threat, but it could continue as it reaches across the aisle for nearly $ 1 trillion in bipartisan packages and his own broader package. Democratic leaders are pushing for a broader legislation, including Biden’s family, climate change proposals, and their own investment in Medicare, swelling to about $ 6 trillion.

The outlook for additional economic benefits may be a way to gain public support and ease party tensions. Biden is also facing pressure from Democrats such as New York Rep. Alexandria Ocasio Cortez.

The White House memo on page 8 is from Brian Deese, a board member of the National Economic Council and senior adviser Anita Dunn. This shows that $ 110 billion for roads and bridges helps alleviate traffic and congestion at the expense of more than $ 160 billion in the economy annually. This memo justifies the $ 48.5 billion planned for public transport by citing studies linking light rail and buses to increasing workers’ income and employment. Defending $ 66 billion for railroad repairs and upgrades, saying current delays and turmoil are squeezing growth.

Bipartisan agreements will also help foster the electric vehicle market, improve broadband access, repair water and create resilience to extreme weather damage.

Meanwhile, the White House and Congress are promoting separate infrastructure bills. This is an administrative priority shared by many lawmakers interested in securing federal funding for long-term roads, highways, bridges and other construction projects.

This week, the House of Representatives will vote on a highway, transportation, and water infrastructure bill that will invest up to $ 715 billion over five years. It overlaps with some of the bipartisan agreements and could be a building block for the Democratic Party’s broader package coming this summer or fall.

The bill contains many of Biden’s priorities. This will significantly increase spending on $ 45 billion for lead water replacement nationwide, $ 4 billion for electric vehicle charging stations, and transportation programs focused on repairing existing roads. bridge.

It also opens the door to about 1,500 requests from lawmakers funding specific projects in the parliamentary district, bringing Congress one step closer to returning to designated spending.

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Associated Press writers Lisa Mascaro and Kevin Flaking of Washington and Bruce Schleiner of Louisville, Kentucky contributed to this report.

Copyright 2021 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

Biden trading bipartisan infrastructure on the road | Business

Source link Biden trading bipartisan infrastructure on the road | Business

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