US Senate Votes to Advance Biden’s $1 Trillion Infrastructure Bill | Business Wire Business and Economic News


The U.S. Senate is close to passing $1 trillion Infrastructure package After legislators from both parties gathered to vote to pass a key procedural hurdle, the action quickly stalled as opponents tried to slow down one of the top tasks for the approval of President Joe Biden.

This measure will provide substantial federal funding for a range of public works projects, from roads and bridges to broadband Internet access, drinking water, and more.

In a rare bipartisan cooperation, Republicans joined the Democrats during Saturday’s weekend meeting to overcome the 60-vote threshold required to push the measure to a final vote. The voting result was 67-27.

If approved, the bill will be submitted to the House of Representatives.

But because opponents refused to hold the necessary 30 hours of debate before the next procedural vote, which could delay the rapid adoption of the plan and cause several days of delay, momentum was dragged down.

Senate Majority Leader Chuck Schumer said at the opening of the Senate: “We can accomplish this work in a simple way or in a difficult way.”

Although the package received overwhelming support, opponents refused to make concessions. In the evening, as there was no agreement to speed up the process, Schumer stated that the senators would resume their meeting at noon on Sunday. “Hope we can reach an agreement,” he said.

The Infrastructure Investment and Employment Act is the first of Biden’s two infrastructure packages. The government and congressional leaders will soon switch to a second, larger plan, which is only expected to receive the support of the Democratic Party.

Vice President Kamala Harris arrived on Capitol Hill to participate in the legislative session. Biden said that this provides a potential “historical investment” comparable to the construction of a transcontinental railroad or interstate highway system.

Overcoming the 60-vote barrier shows that the fragile alliance between Republicans and Democrats can stick to the public works program. At least 10 Republicans must join the ranks of all Democrats in order to promote this measure to pass the obstruction bill, and then set more votes.

So far, Mitch McConnell, the Republican leader of the Kentucky Senate, has allowed progress on the bill, and his vote-“yes”-has been closely watched. “This is a compromise,” he said before voting.

For senators who have been struggling in the debate-and months of concession negotiations-the bill is not only an opportunity to send federal funds to their state, but it also shows the country that Congress can work together in a bipartisan way to solve the problem.

Republican Senator Lisa Murkowski from Alaska stated that her state’s needs are obvious-including funding the water supply system in remote villages during the COVID-19 pandemic without having to open the tap to wash hands . But as one of the negotiators, she also wants to prove that legislators can unite.

“I am really worried that everyone thinks that we are as dysfunctional as we seem, so it is important to prove that this is not the case,” she said. “The Senate needs some proven bipartisan cooperation.”

Congress is under pressure to make progress on the president’s infrastructure priorities—first a bipartisan bill, and then a more comprehensive $3.5 trillion budget blueprint that the Democrats plan to shoulder.

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If the senators complete their work on the bipartisan bill, they will immediately turn to the more partisan commitment on Biden’s agenda, the outline of the 3.5 trillion dollar bill. The plan will provide billions of dollars in what the White House calls human infrastructure—childcare support, family health care, education, and other Democratic priorities that Republicans have promised to reject. The debate on this will continue into the fall.

For some Republicans, they are trying to postpone this back-to-back voting schedule, hoping to slow or stop the Democratic Party’s seemingly progress towards achieving the president’s infrastructure goals.

Former President Donald Trump issued a statement on Saturday criticizing Biden, the bipartisan senators and the bill itself, but it is unclear whether Trump’s views have an impact on lawmakers.

The senators found a lot of favorites in the bill, although it could not fully satisfy liberals who thought it was too small or conservatives who thought it was too big. It will provide federal funding for projects that many states and cities cannot afford on their own.

The senator had hoped to complete the 2,700-page bipartisan bill within this week. But the Senate came to a standstill later this week due to new issues, as lawmakers wanted to consider more amendments, while Republican opponents opposed speeding up the process.

The Congressional Budget Office’s analysis of the bill has raised concerns, especially Republicans. It concluded that the legislation will increase the deficit by approximately $256 billion in the next ten years.

But supporters of the bill believe that the budget office cannot consider certain sources of income-including sources of income from future economic growth. Another analysis released by the Budget Office on Saturday showed that infrastructure spending can generally increase productivity and reduce final costs.

After the Democrats opposed the increase in gasoline taxes paid at gas stations and the Republicans refused to support the IRS’s plan to combat tax violations, the payment package has been a pressure point during months of negotiations.

Unlike Biden’s larger 3.5 trillion dollar package, which will be paid by raising the tax rate for businesses and the wealthy, the funding for the bipartisan package is to repurpose other funds, including untapped COVID-19 assistance. , And other cuts in expenses and sources of income.

Senators have been dealing with nearly two dozen amendments to the bipartisan package in the past week, and there may be more amendments on Saturday. So far, the framework of the public works package has not undergone any substantial changes.

The House of Representatives is in an adjournment period and is expected to consider Biden’s two infrastructure packages when it returns in September.

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