Biden infrastructure/tax increase megathread

[Meclazine for Israel]

I like the tax haven legislation.

If corporate dollars are earned in the USA, then tax should be paid in the USA.

Increasing the corporate tax rate to 28% is no big deal.

Australia has 30% and it's not a show stopper.

[Starry Eyed Jagaloon]

So I can’t say how disappointed I’am. The mass transit in this nation needs roughly $300B. (LA needs around 60; Boston 30; NYC around 50, Dallas 10; Austin 5, Chicago 15, DC 15)

Honestly, even that's a lowball figure. I once ran the numbers on what LA needs through 2060 and it's more like $110B--assuming we start controlling construction costs and take into account the billions already funded. Plus there are more than 7 cities in America. Remember, though, that state and local governments are expected to match federal funds.

[Sir Mohamed]

This is a very bold proposal and something absolutely needed. We urgently need to invest into our crumbling infrastructure, renewables and jobs creation. Banning right to work laws would also be amazing.

But what are the chances this actually passes? I'm kind of skeptical. Perhaps there will be a smaller package. Better than nothing for sure, but I hope Biden and Schumer stay firm and don't give up much.

[Starry Eyed Jagaloon]

But what are the chances this actually passes? I'm kind of skeptical. Perhaps there will be a smaller package. Better than nothing for sure, but I hope Biden and Schumer stay firm and don't give up much.

Very high, but if it goes through reconciliation, I doubt the parliamentarian allows things like the RTW ban.

[Sir Mohamed]

But what are the chances this actually passes? I'm kind of skeptical. Perhaps there will be a smaller package. Better than nothing for sure, but I hope Biden and Schumer stay firm and don't give up much.

Very high, but if it goes through reconciliation, I doubt the parliamentarian allows things like the RTW ban.

Even without, it would be a huge success for America and a major archievement in Biden's legacy as POTUS. Concerns about him being the status-quo candidate didn't come true at all. Think we can almost all agree on that, despite sometimes wanting to go further. As a common quote goes, politics is the art of the possible after all. Particulary with close congressional majorities and an obstructionist GOP.

[It’s so Joever]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

[Motorcity]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

Nah, we still a public option, free college, student loan forgiveness, and a overhaul of SNAP, welfare, VA, and disability. But most of that will be in the 2023 FY Bill

Short term goals should be voting rights, union rights, guns, immigration, and minimum wage. God, typing this last sentence makes me giddy

[politics_king]

Biden is really trying to cement his legacy here and I'm all for it.

[Horus]

Amtrak planning major expansions.

https://earther.gizmodo.com/amtrak-made-a-bigger-map-1846599003

[President Johnson]

If Uncle Joe keeps up with this pace, he'll be the modern day Lyndon Johnson. He's definitely going in bigger than Obama on a lot of issues and better equipped to get things done, despite a closer congressional majority compared to 2009/10.

[brucejoel99]

Amtrak planning major expansions.

https://earther.gizmodo.com/amtrak-made-a-bigger-map-1846599003

I love how even with the funding infusion, they still expect the New Orleans-Jacksonville line to be "suspended" in 2035 ("suspended" in quotation marks since it's literally been "suspended" since Katrina, i.e. 16(!) years ago).

[Warren 4 Secretary of Everything]

Ofc the Turtle comes out against the bill because it raises taxes

[Vaccinated Russian Bear]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

[Amenhotep Bakari-Sellers]

They will propose Amendments, they don't have to vote for the bill, just like they did on the Stimulus

They are still voting for the bill

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Based.

[politicallefty]

I'm not in support of regressive taxation, but the SALT cap was designed to attack blue state social welfare programs. It puts a pressure on certain states to reduce their overall tax rate, nevermind that those tax revenues go to education and healthcare. Compare the Medicaid programs of California and Texas.

[MillennialModerate]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

This is not a good bill. The breakdown should be something like this:

Power grid ($300B)
Rural broadband ($100B)
High Speed Rail ($300B)
Mass Transit Rail ext/new ($400B)
Roads ($100B)
Bridges ($150B)
Hospitals ($50B)
Schools ($100B)
Airports ($200B)
Housing ($200B)
Manufacturing ($300B)
Energy/Climate: ($200B)
Waterways ($100B)

[WD]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

This is not a good bill. The breakdown should be something like this:

Power grid ($300B)
Rural broadband ($100B)
High Speed Rail ($300B)
Mass Transit Rail ext/new ($400B)
Roads ($100B)
Bridges ($150B)
Hospitals ($50B)
Schools ($100B)
Airports ($200B)
Housing ($200B)
Manufacturing ($300B)
Energy/Climate: ($200B)
Waterways ($100B)

That’s nice, but the breakdown in Biden’s bill is fine as is.

[Starry Eyed Jagaloon]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

This is not a good bill. The breakdown should be something like this:

Power grid ($300B)
Rural broadband ($100B)
High Speed Rail ($300B)
Mass Transit Rail ext/new ($400B)
Roads ($100B)
Bridges ($150B)
Hospitals ($50B)
Schools ($100B)
Airports ($200B)
Housing ($200B)
Manufacturing ($300B)
Energy/Climate: ($200B)
Waterways ($100B)

That’s nice, but the breakdown in Biden’s bill is fine as is.

I don't think it's wrong to challenge the breakdown and expect something better. I support this bill either way, but in general, I agree with MillenialMAModerate that some of the spending is a bit off. Hopefully it's gonna be revised.

[WD]

This is a good bill.
We do need to improve our infrastructure and now is the right time especially coming out of Covid.

Afterwards, maybe we should be a bit more careful with our spending and see how this plus the stimulus plays out. We could focus on HR1 in the meantime.

This is not a good bill. The breakdown should be something like this:

Power grid ($300B)
Rural broadband ($100B)
High Speed Rail ($300B)
Mass Transit Rail ext/new ($400B)
Roads ($100B)
Bridges ($150B)
Hospitals ($50B)
Schools ($100B)
Airports ($200B)
Housing ($200B)
Manufacturing ($300B)
Energy/Climate: ($200B)
Waterways ($100B)

That’s nice, but the breakdown in Biden’s bill is fine as is.

I don't think it's wrong to challenge the breakdown and expect something better. I support this bill either way, but in general, I agree with MillenialMAModerate that some of the spending is a bit off. Hopefully it's gonna be revised.

Fair enough. I do think more money for things like Airports and HSR would be good. Although I disagree with the idea that this is “not a good bill”.

[brucejoel99]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

[Amenhotep Bakari-Sellers]

The Rs are close to retaking the House, they aren't gonna vote for tax increases but they are having their cake and eating it too, by voting for Amendments on Reconciliation and not voting for the bill

By the Senate having a vote aroma on Amendments to Reconciliation

[Vaccinated Russian Bear]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

I wish Pelosi was fighting as hard to keep schools open (benefits the "backbone" of D) rather than against SALT cap (benefits the top 1%, aka Donors of the Pelosi).

https://itep.org/salt-cap-repeal-has-no-place-in-covid-19-legislation-national-and-state-by-state-data/

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

[Chancellor Tanterterg]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol