From WSJopinion: The Democrats’ coming partisan tax and spending spree must be opposed, but infrastructure is different.This bipartisan effort to improve U.S. infrastructure helps address those needs, and is worthy of our support, writes senrobportman.
Tax reform was a signature achievement of President Trump’s tenure. Before the pandemic, it helped fuel robust economic growth, leading to record low unemployment, higher wages, and the lowest poverty rate since the metric was established in 1959. Eliminating the 2017 reforms and imposing massive new tax hikes to fund huge spending increases for social programs will lead to even higher inflation, hurt working families, and disrupt our economic recovery.
This spring, Democrats used a special budget process to pass a purely partisan $1.9 trillion “pandemic relief” bill. And now, with the country already feeling the inflationary effects of this stimulus, they plan to use this same partisan budget process to pass another reckless tax and spending bill of at least $3.5 trillion that would further stall economic growth.
What isn’t partisan, however, is an entirely separate legislative initiative to invest long-term in the nation’s infrastructure. We can all agree that America’s roads, bridges, rails and ports need repair, and that without more investment in these long-term, hard assets, and the digital infrastructure needed to expand high-speed internet, we will continue to fall behind other countries.
When the Biden administration turned its attention to infrastructure earlier this year, it proposed a $2.65 trillion “infrastructure” bill with destructive tax increases and billions in spending unrelated to core infrastructure. I joined Republican colleagues in strongly opposing the bill. I knew that the same special budget process that was used to pass the $1.9 trillion relief package could be used to jam the infrastructure bill through without a single Republican vote.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
POLITICO Playbook: McConnell’s Herschel Walker problemMitch McConnell wants to flip the chamber in 2022. But one potential obstacle keeps coming up time and again: multiple Trump-inspired candidates who might sweep their GOP primaries but go on to lose in the general election.
Consulte Mais informação »
U.S. senators upbeat on prospects for bipartisan infrastructure bill -- for nowThe U.S. Senate on Thursday prepared to tackle the details of a $1 trillion bipartisan infrastructure bill backed by President Joe Biden, with the possibility of weekend work looming after lawmakers voted to advance the measure.
Consulte Mais informação »
Biden's bipartisan $1 trillion infrastructure bill nears 'finish line'WASHINGTON (Reuters) -The U.S. Senate was poised to advance President Joe Biden's $1 trillion bipartisan infrastructure bill on Friday with his fellow Democrat, Senator Jon Tester, predicting: 'We're going to get this baby across the finish line.' The result of months of talks between senators and the White House, the plan https://www.reuters.com/article/usa-biden-infrastructure-details/factbox-whats-in-the-us-senates-bipartisan-1-tln-infrastructure-plan-idUSL1N2P52EF would dramatically increase the nation's spending on roads, bridges, transit and airports. The Senate was due to vote at 11:30 a.m. EDT (1530 GMT) to open debate on the $1 trillion bill, which includes about $550 billion in new spending, beginning a process that could last for days and include amendments that change the bill or cloud its chances of passage.
Consulte Mais informação »
Pelosi and Sanders brace for Democratic upheaval over Biden agendaOnce the Senate passes a bipartisan infrastructure deal, Dems' path forward on two spending bills could get messy. Give this a read to untangle the next steps for progressives, moderates, the Problem Solvers Caucus and key senators 👇
Consulte Mais informação »
President Biden is ‘showing the real art of making the deal,’ says Cedric Richmond'That's why it's called legislating,' White House senior advisor Cedric Richmond says after Sen. Sinema says she doesn't support $3.5T infrastructure bill. 'What President Biden is doing is showing the real art of making the deal.'
Consulte Mais informação »