If the plan comes to fruition, it will probably become the defining accomplishment of the Biden presidency
” is a play about the downtrodden patrons of Harry Hope’s saloon, who exchange reveries for one another’s pipe dreams. For a while President Joe Biden’s aspirations for a gargantuan infrastructure and social-services package—spending $4trn in order to “build back better”—resembled those of a misbegotten Eugene O’Neill character. The weeks dragged on and negotiations appeared fruitless.
The White House has made greater headway than many expected. Yet turning this into actual spending will require still more effort. To mollify antsy progressives, neither bill is expected to arrive on the president’s desk without the other. Nancy Pelosi, the Democratic speaker of the House of Representatives, has pledged as much and is not known for bluffing.
Securing both bills will be hard. To pass their other policy aspirations without any Republican votes, Democrats will now employ a procedure known as budgetary reconciliation, which sidesteps a filibuster if certain conditions are met. Shepherding such a package through Congress requires co-ordinating efforts from a score of committees.
This bill will be stuffed therefore. Committees will draw up plans to spend hundreds of billions on climate-change research, electric-vehicle charging stations and a Civilian Climate Corps; more than $1trn on various safety-net enhancements like extended child-tax credits, subsidised child care and family leave; and educational benefits from pre-kindergarten to community college.
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