What is in the Bipartisan Infrastructure Plan?

3 years ago 389

Politics|Here’s what made it into the bipartisan infrastructure plan.

https://www.nytimes.com/2021/06/24/us/politics/what-is-in-the-infrastructure-plan.html

President Biden says he supports an infrastructure deal reached by the bipartisan group of senators.
Credit...Pete Marovich for The New York Times
  • June 24, 2021, 3:57 p.m. ET

President Biden celebrated on Thursday the stripped-down and rejiggered bipartisan rewrite of his infrastructure proposal, proclaiming in a White House news conference that it was a unifying accomplishment for the whole country.

Lawmakers have yet to release legislative language, but White House officials laid out the funding breakdown in a fact sheet that detailed proposed allocations for some of pillars of the plan, which would be phased in over eight years.

Here are some key highlights of the $579 billion framework — and some of the elements that didn’t make it through the negotiations.

  • $66 billion in rail projects and $49 billion for public transit. Mr. Biden, speaking to reporters, said Republicans had agreed to funding for many of his transportation proposals, albeit at reduced levels — and touted the inclusion of a $7.5 billion investment in charging stations for electric vehicles.

  • $109 billion in road and bridge projects. The framework includes an additional $25 million to upgrade airports and $16 billion for improvements at the nation’s cargo ports and waterways.

  • $201 billion in water, sewer, power and environmental remediation projects. The plan includes $55 billion for water infrastructure, $21 billion for environmental projects, and $73 billion for power grid improvements.

  • $65 billion for broadband infrastructure. Mr. Biden has said his goal is to provide “universal” broadband access, an initiative that is especially popular with Republican senators from states with large rural and exurban populations.

  • No new taxes on the wealthy or on corporations. Gone is the rollback of President Donald J. Trump’s tax cuts or Mr. Biden’s plan to raise the rates paid by corporations, a core selling point of the plan for progressives. But gone too are the proposals by Republicans, including a gas tax, which Mr. Biden viewed as new taxation on the middle and working classes.

  • A $47 billion down payment on “resilience” projects to cope with climate change. The agreement includes billions slated for weatherproofing, upgrades to coastal infrastructure and projects intended to mitigate against severe weather.

  • Stepped-up tax collection by the I.R.S. The proposal is expected to include heightened enforcement efforts by the Internal Revenue Service to reduce tax evasion by corporations and high earners. One of the lawmakers who worked on the deal, Senator Mark Warner, Democrat of Virginia, said the package would pump around $40 billion into enforcement to produce a net gain in tax revenues of $100 billion.

  • No major funding for housing. Mr. Biden lamented that he was unable to secure commitments for big new investments in affordable housing, but said he would keep pushing.

  • Biden’s big “human infrastructure” plan is gone — at least from this measure. The bipartisan proposal appears to leave out much of the president’s initial $2 trillion blueprint — which included massive spending to combat climate change and subsidize child care, education and other types “human infrastructure” spending. That could make it a hard sell for many progressives in the House, who could easily scuttle any plan if they choose to buck the White House. Democrats are pushing inclusion of many of those programs in a second piece of legislation that could be passed without Republican support using a fast-track legislative process called reconciliation. Mr. Biden said the bills should be passed “in tandem.” “If this is the only thing that comes to me,” he said about the bipartisan bill, “I’m not signing it.”

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