President Biden works on Infrastructure Bill

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President Joe Biden speaking about Infrastructure.

President Biden announced “We have a deal” in a meeting with a bipartisan group of senators to work on the infrastructure bill. How will this turn out between them?

President Joe Biden scheduled the meeting on Thursday. The White House had to face an infrastructure deal with a bipartisan group of senators after debating the massive plan to enhance the nation’s roads, bridges, and broadband earlier in the day. Both sides still need to prioritize how they will pay for the plan. Republicans say not to touch their 4-year tax cuts, and Biden agrees to the fact that he will not raise the gas tax or electric vehicle user fees to not mess up the process. Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi individually met up with the White House officials as they attempted to pass the bipartisan infrastructure plan to a broader package of Democratic priorities as well. After their conversation, Biden answered with the straight answer “We have a deal” to the whole group.

House Speaker Nancy Pelosi (D-CA) has also included the fact that they would start debating the $1 trillion bipartisan infrastructure bill on September 27, with another House vote on September 30. The House Ways and Means Committee passed a part of the budget bill for the $3.5 trillion infrastructure plan on September 15 with a 24 to 19 vote. This legislation, which proves over 2 trillion dollars for corporations and the wealthy, did not have the Republicans’ support which means they might not earn the money after all. Biden’s victory lap is somewhat premature, given a week or months-long delay in the final passage could lie ahead. Biden remembered to note that there was still lots of work to be completed and finally got the bill on his desk. Biden went over to La Crosse, Wisconsin, population 52,000, and gave a tour to its public transit center, highlighting projects which also include hybrid buses and road repair equipment that would give out additional funds from the infrastructure bill.

Meanwhile, a balanced act was waiting among democrats as well. More included liberal members of the party have demanded Biden to raise for a Democrats only bill at least as it is, previously stated 4 trillion dollar goal, while some more even members have signified they want a much smaller amount. The two bills had always been expected to deliver in tandem, and that is mainly to resume as Biden reaches across the aisle for the nearly $1 trillion bipartisan package as well as his own broader package. The bill would raise an estimated even $28 billion in over ten years by updating IRS reporting requirements for cryptocurrency brokers, such as stockbrokers reporting their customers’ sales to the IRS.