Costing Up to $4 Trillion, Infrastructure Bill Next on Deck for Biden
On the heels of passing a massive $1.9 trillion COVID-19 relief package, the administration of President Joe Biden is now looking to push through even more legislation. Next up is a proposed infrastructure package that is estimated to cost taxpayers between $3-4 trillion.
Details of New Legislation
While the specific details of the new legislation have not been released yet, the spending package will encompass far more than just basic infrastructure improvements. It is clear that the Democrats will use this new package to push through its legislative goals in the area of climate change, inequity issues, and racial relations. While Democrats are placing the price tag in the ballpark of $3 trillion, it could soar as high as $4 trillion by the time the tax credits and other incentives are figured into the total price.
Democrats Walking Thin Line
With a razor-thin majority in the Senate, Democrats are being forced to walk a thin line in order to pass the legislation. Some advisers to the president believe that he should separate the actual infrastructure elements from the other policy goals in the hope of gaining more support.
This approach will help get the more Democratic moderates, including Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, on board to pass the important infrastructure elements.
Democrats will likely have to lean on the process of reconciliation to pass through the legislation. This process eliminates the need for a 60-vote filibuster when the bills pertain to taxes and spending initiatives. However, many political experts believe that the Democrats will need to end the filibuster to make it happen.