GOP offers infrastructure bill as counter to Democrats $1.7 trillion offer

Senate Republicans unveiled a new infrastructure package on Thursday that is slightly bigger than their previous offer, but only just over half of the Democrats’ latest Biden-backed proposal of $1.7 trillion.

The newest Republican plan offers $506 billion for roads, bridges and major projects and $98 billion for public transit systems, but leaves out hundreds of billions Democrats wanted for electric cars and other Green New Deal provisions that didn’t fit the traditional definition of infrastructure.

In April, Republicans had offered a $568 billion plan to counter Democrats’ $1.9 trillion proposal, but it was rejected as being too small and not including enough necessary spending to be seriously considered. The Democrats’ proposal included $400 billion for home and facility care for the elderly and disabled, $213 billion for housing initiatives, and $137 billion for public education, none of which really fits under infrastructure either.

The Republican counteroffer includes $46 billion for passenger and freight rail, $21 billion for safety, $22 billion for ports and waterways, $56 billion for airports and $72 billion for water infrastructure. Also included are $22 billion for Western water storage, $65 billion for broadband infrastructure and $20 billion for infrastructure financing.

Is the bill paid for?

Some of these priorities could be included in the $300 billion transportation reauthorization coming up for a vote after passing unanimously out of committee this week, Republicans have said.

One possible sticking point could be that the bill offers no tax increase to “pay for” it, as the Democrats’ bill has in raising the Capital Gains rate from 21% to 28%. In the run-up to the bill’s release, it was suggested that nearly a trillion in unspent COVID relief funds could pay for it.

Furthermore, a range of economic experts on both sides of the aisle have agreed that infrastructure bills pay for themselves by creating jobs and growing the economy. Business roundtable claims that $3.70 will be added to the economy for every $1 spent on infrastructure, and the taxes paid on that $3.70 should more than cover the outlay by the government.

If the infrastructure bill will pay for itself one way or another, why do taxes need to be raised?

Will either side end up happy?

It isn’t likely that Democrats are going to go for this Republican bill. Like all significant compromises, neither side is likely to be too happy with the end result.

If Democrats really want to go it alone with $1.9 trillion, they have been okayed to do so through budget reconciliation without a single Republican vote. But Joe Manchin seems to like the recent Republican proposals more than his own party’s, so maybe budget reconciliation in a 50-50 Senate won’t get the job done either.

And after spending $1.9 trillion on coronavirus relief without any Republican votes, do Democrats really want to risk more massive solo spending that could lead to inflation?

It only gives Republicans a huge campaign boost if all this spending puts us in a recession or inflationary period, or both, by 2022 or 2024.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

9 Responses

  1. My last paycheck was $2500 for working 12 hours a week online. My sisters friend has been averaging 8k for months now and she works about 30 hours a week. I can’t believe how easy it was once I tried it out. The potential with this is endless.

    This is what I do ………………>> W­­w­­w­­.C­­a­­s­­h­­A­­p­­p­­1.C­­o­­m

    1. This year do not worry about money you can start a new Business and do an online job I have started a new Business and I am making over $84, 8254 per month I was started with 25 persons company now I have make a company of 200 peoples you can start a Business with a company of 10 to 50 peoples or join an online job.

      For more info Open on this web Site______

  2. [ STAY AT HOME & WORK AT HOME ] Start making money this time… Spend more time with your family&relative by doing jobs that only require for you to have a computer and an internet access and you can have that at your home. Start bringing up to $65o to $7oo a month. I’ve started this job and earn handsome income and now i am exchange it with you, so you can do it too. You can check it out here……… ……………..

  3. You Might Like
  4. Here is Job opportunity for everyone! Because of Corona Work from comfort of your home, on your computer And you can work with your own working hours. You can work this job As part time or As A full time job. You can Earns up to $1000 per Day by way of work is simple on the web. It’s easy, just follow instructions on home page,

    read it carefully from start to finish Check The Details……

  5. I make more then $12,000 a month online. It’s enough to comfortably replace my old jobs income, especially considering I only work about 11 to 12 hours a week from home. I was amazed how easy it was after I tried it…GOOD LUCK..
    HERE ➤➤

  6. I get paid over $190 per hour working from home with 2 kids at home. i never thought i’d be able to do it but my best friend earns over 15k a month doing this and she convinced me to try. the potential with this is endless…,<(")

  7. Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home. I have joined this action 2 months back and I have earned $31547 in my first month from this action. I can say my life is improved completely! Take a gander at it what I do…..

    For more detail visit the given link…… https://Www.Jobs76.Com

  8. If you were looking for a way to earn some extra income every week… Look no more!!!! Here is a great opportunity for everyone to make $95/per hour by working in your free time on your computer from home… I’ve been doing this for 6 months now and last month i’ve earned my first five-figure paycheck ever!!!! Learn more about it on following link…>>>>>>>>➤➤

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Posts