Connect with us

Hot world news

Infrastructure senators brush off criticism from left, right

Infrastructure senators brush off criticism from left, right

ECONOMIC NEWS

Infrastructure senators brush off criticism from left, right

WASHINGTON — The often-elusive political center is holding steady in the Senate with a strong coalition of Democrats and Republicans brushing off critics to push the $1 trillion infrastructure package toward passage. Final votes are expected Tuesday.On the left, the Democrats have withstood the complaints of liberals who say the proposal falls short of what’s needed to provide a down payment on one of President Joe Biden’s top priorities.From the right, the Republicans are largely ignoring the criticism from their most conservative and far-flung voices, including a barrage of name-calling from former President Donald Trump as he tries to derail the package.All told, some 70 senators appear poised to carry the bipartisan infrastructure bill to passage, a potentially robust tally of lawmakers eager to tap the billions in new spending it will unleash for public works projects back home.“For the first time, the Senate has come together around such a package in decades,” said Senate Majority Leader Chuck Schumer. He opened the chamber Monday saying the Senate was “on the precipice” of passing the legislation after what he acknowledged was a long slog.“This is something that brings this country together,” said Republican Sen. Rob Portman of Ohio, a lead negotiator, during ae weekend session. “We need the investment, let’s be honest.”Senators hoisted the package over another hurdle late Sunday, easily clearing a remaining 60-vote threshold on a vote of 68-29, despite a few holdouts trying to run out the clock on debate and drag final passage to Tuesday. The measure would then go to the House.“A very handsome, overwhelming vote,” said Schumer, D-N.Y.The rare bipartisan momentum reflects a political power center that has sprung up in the narrowly split Congress. For weeks, senators have negotiated and shaped the package, overcoming partisan gridlock for a compromise with the Biden White House. A bipartisan group of House lawmakers has pledged its own support.Backed by Biden and a sizable coalition of business, farm, labor and public interest groups, the package is one of the biggest investments of its kind in years. The Infrastructure Investment and Jobs Act seeks to inject nearly $550 billion in new spending on roads, bridges, broadband internet, water pipes and other public works systems undergirding the nation. Some 20 Republican senators are poised to join Democrats in supporting support it.“Look at the players,” said Sen. Richard Burr, R-N.C. “These are not the fringes of both parties.”Once voting wraps up, senators immediately will turn to the budget outline for a $3.5 trillion package of child care, elder care and other programs that is a much more partisan undertaking and expected to draw only Democratic support.Despite the momentum for the first package, action ground to a halt over the weekend when Sen. Bill Hagerty, a Tennessee Republican allied with Trump, refused to speed up the process.Hagerty, who had been Trump’s ambassador to Japan, argued for taking more time for debate and amendments, in part because he wants to slow the march toward Biden’s $3.5 trillion bill aimed at “soft infrastructure.”Trump called Hagerty on Sunday morning, said a person familiar with the call who requested anonymity to discuss it. Hagerty said his own efforts were to prevent a “socialist debt bomb” of new government spending.Senate Republican leader Mitch McConnell of Kentucky has so far allowed the bill to progress, calling it a compromise.Senators have spent the past week processing nearly two dozen amendments to the 2,700-page package, but so far none has substantially changed its framework.More amendments have been offered on cryptocurrency, defense-related infrastructure and to allow states to repurpose a portion of their untapped federal COVID-19 relief aid for infrastructure. But it was unclear if those changes would be considered for votes.Senators have found much to like in the bill, even though it does not fully satisfy liberals, who view it as too small, or conservatives, who find it too large.An analysis of the bill from the Congressional Budget Office drew concerns, particularly from Republicans after it concluded the legislation would increase deficits by about $256 billion over the next decade.Unlike Biden’s bigger $3.5 trillion package, which would be paid for by higher tax rates for corporations and the wealthy, the bipartisan package is to be funded by repurposing other money, and with other spending cuts and revenue streams. The bill’s backers argue that the budget office was unable to take into account certain revenue streams — including from future economic growth.The House is expected to consider both Biden infrastructure packages when it returns from recess in September.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

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

More in ECONOMIC NEWS

To Top
error: Content is protected !!