SHOPSMART AUTOS – CUSTOMER INFORMATION – NOVEMBER 7, 2021 – PT.2
Everything In The $1 Trillion Infrastructure Bill
Electric cars, buses and ferries:
In addition to $7.5 billion for the nation’s first network of electric-vehicle chargers along highway corridors, lawmakers have shored up $5 billion for zero-emission buses (including thousands of electric school buses) and $2.5 billion for ferries.
Road safety:
The deal invests $11 billion in transportation safety programs, including a new program to help states and localities reduce crashes and fatalities in their communities, particularly among cyclists and pedestrians. House lawmakers passed the Bipartisan Infrastructure Investment and Jobs Act Friday evening in a vote of 226 to 208, sending it to President Joe Biden’s desk for signing nearly two months after the Senate first approved the bill. Though President Joe Biden first released his infrastructure proposal in March, Democratic Party leaders faced opposition to the bill’s passage from both sides of the aisle. For months, Senate Democrats eager to bolster clean-energy funding hashed it out with Republicans weary over heightened spending, until finally agreeing on cost cuts of about $800 billion in June. But House progressives then threatened to withhold support for the bill if the Senate didn’t also move forward with Biden’s separate Build Back Better budget proposal, which would authorize spending for Democratic priorities that didn’t make it into the infrastructure package. The budget aims to use the Senate’s special reconciliation process to sidestep Republican support and pass with just 51 votes instead of the usual 60. That would require a tie-breaking vote from Vice President Kamala Harris and support from all 50 Senate Democrats, including moderates like Sens. Joe Manchin (D-W.Va.) and KyrstenSinema (D-Ariz.), both of whom balked at the originally proposed price tag of $3.5 trillion. Thus far, weeks of negotiations have yielded a less costly $1.8 trillion proposal. $256 billion. That’s how much the Congressional Budget Office estimates the infrastructure bill could add to the nation’s budget deficit over the next 10 years, meaning nearly half of the package’s proposed new spending could end up tacked on to the nation’s $29 trillion debt load. House leaders are now hoping to pass the Build Back Better plan later this month. Even if the bill makes it past the lower chamber, however, Manchin and Sinema have yet to explicitly support the slimmed-down proposal. On Monday, Manchin said Democrats “must allow time for complete transparency and analysis” on the bill before moving it forward.
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