Senate Majority Leader Vows Democrats Will Pass $3 TRILLION Infrastructure Bill
Washington D.C. – U.S. Senate Majority Leader Chuck Schumer (D-NY) is promising Democrats will pass an expected $3 trillion infrastructure spending bill.
Fresh off the passage of a massive $1.9 trillion piece of legislation touted as the “American Rescue Plan,” the Biden Administration is expected to roll out a whopping $3 trillion infrastructure plan next week.
According to multiple sources familiar with the proposal, the bill is expected to be broken into two parts.
The first part will actually be focused on infrastructure investments such as roads, bridges, waterways and rails.
The second part is expected to include a long list of Democrats’ domestic policy objectives such as a series of green energy and climate initiatives like building 500,000 electric vehicle charging stations and retrofitting hundreds of thousands of buildings, along with other social programs to include free community college, universal pre-kindergarten, and housing for low-income Americans.
During the 2020 campaign, President Biden promised tax hikes on corporations and families earning more than $400,000 per year would be used to fund the avalanche of new spending initiatives.
True to that promise, Mr. Biden’s infrastructure package is expected to include a slew of new tax increases.
Republicans have already signaled their opposition to tax increases and that such a sprawling bill is expected to include many agenda items not related to infrastructure.
However, during a Wednesday evening appearance on CNN, Majority Leader Schumer said that while he is “hopeful” some Republicans will sign on, Democrats are prepared to go it alone.
“It’s the same old story. We’d prefer Republicans to join us but if they don’t we’re going to figure out how to move forward,” Schumer said. “We’ve got some indication that some Republicans are interested in joining us on this. If they will, great, but we’re not going to let them stand in the way of bold legislation.”
Last week, during a public event featuring Transportation Secretary Pete Buttigieg, Maryland Democratic Senator Ben Cardin was caught on an open mic revealing how Democrats plan to pass the infrastructure bill in the narrowly divided chamber without Republican support.
“You’ll see some actions by some of the committees,” Sen. Cardin told Sec. Buttigieg. “They’ll do certain parts of it, but ultimately it’s going to be put together similar to how the Rescue Plan was put together. It’s got to be [because] at the end of the day we’re mostly likely going to have to use reconciliation.”
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Reconciliation is a budgeting procedural tool which only requires a simple 51 vote majority instead of the 60 vote filibuster-proof majority that is usually required to win passage.
Majority Leader Schumer echoed Sen. Cardin’s sentiments.
“If we have to use reconciliation, we will in certain parts of the bill,” he declared.
Trucking stakeholders have been clamoring for a major infrastructure spending package for years.
It will be interesting to see the reaction from trucking industry groups once the bill is introduced into Congress.
TransportationNation.com will continue to watch it closely.