{"id":321483,"date":"2021-08-11T01:43:29","date_gmt":"2021-08-10T22:43:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/senate-passing-1-2t-bill-means-infrastructure-decade\/"},"modified":"2021-08-11T01:43:29","modified_gmt":"2021-08-10T22:43:29","slug":"senate-passing-1-2t-bill-means-infrastructure-decade","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/senate-passing-1-2t-bill-means-infrastructure-decade\/","title":{"rendered":"#Senate passing $1.2T bill means ‘infrastructure decade’"},"content":{"rendered":"

“#Senate passing $1.2T bill means ‘infrastructure decade’<\/strong>”<\/p>\n

\n

President Biden on Tuesday declared that it was \u201cinfrastructure decade\u201d and that the US economy is in for a \u201clong term boom\u201d after the Senate\u00a0passed a $1.2 trillion infrastructure bill\u00a0\u2014 despite much of it not being paid for.<\/p>\n

The bill passed the Senate on Tuesday with 19 Republicans joining all 50 Democrats in favor. House passage is likely weeks away due\u00a0to a scheduled summer vacation period.<\/p>\n

\u201cAfter years and years of \u2018infrastructure week\u2019, we\u2019re the cusp of an infrastructure decade that I truly believe will transform America.\u201d Biden said at the White House \u2014 before bungling his victory speech by saying Gov. Andrew Cuomo\u00a0did \u201ca hell of a job\u201d\u00a0despite resigning amid sexual assault allegations and federal probes of\u00a0his coverup of COVID-19 nursing home deaths.<\/p>\n

The Senate-passed infrastructure bill costs $1.2 trillion over eight years, but it is sometimes cited as $1 trillion, the cost over five years. The bill includes $550 billion in new spending over five years.<\/p>\n

\"President
President Joe Biden claimed that the US is entering an \u201cinfrastructure decade\u201d following the passing of the $1.2 trillion infrastructure bill on Aug. 10, 2021.<\/figcaption>
AP Photo\/Evan Vucci<\/span><\/figcaption><\/figure>\n

Biden spoke as Senate Democrats begin the process of attempting to force through a supplementary $3.5 trillion bill that includes much of the social<\/a> provisions that didn\u2019t gain support from Republicans amid fear that massive spending will further spur inflation. <\/p>\n

The initial infrastructure bill is Biden\u2019s first major bipartisan legislative achievement. The deal was brokered after Biden in March forced through a $1.9 COVID-19 relief bill without Republicans, saying that their counter-proposal was too small.<\/p>\n

The Senate-passed bill sets aside $110 billion for roads and bridges, $66 billion for passenger and freight rail, $65 billion for broadband internet, more than $50 billion for water infrastructure, $39 billion for public transit and $25 billion for airports.<\/p>\n

\"The
The bipartisan infrastructure bill passed in the Senate with 69 \u201cYea\u201d votes.<\/figcaption>
Pool via REUTERS<\/span><\/figcaption><\/figure>\n

It contains some big wins for Democrats who wanted global warming to be addressed, including $7.5 billion to install new electric vehicle charging stations, $5 billion to buy electric and low-emission buses and $2.5 billion for ferries.<\/p>\n

The bill would put $73 billion toward \u201cclean energy transmission \u2026 including by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy,\u201d a recent White House fact sheet said.<\/p>\n

Another\u00a0$21 billion would go toward environmental remediation, \u201cmaking the largest investment in addressing the legacy pollution that harms the public\u00a0health of communities and neighborhoods in American history,\u201d the White House said.<\/p>\n

\"Senate
Senate Majority Leader Chuck Schumer leaving the Senate chamber after the final passage of the bill on Aug. 10, 2021.<\/figcaption>
hoto by Win McNamee\/Getty Image<\/span><\/figcaption><\/figure>\n

The infrastructure bill would add $256 billion to the federal deficit over 10 years, according to the Congressional Budget Office. But the White House has disputed some estimates and insists the tally doesn\u2019t properly take into account cost savings.<\/p>\n

Democrats hope to ram through the larger $3.5 trillion bill next month. It would hike taxes on businesses and higher incomes and is expected to gain no Republican votes. Special budget reconciliation rules allow for passage with a bare majority in the Senate, where Vice President Kamala Harris breaks ties. Centrist Democrats are likely to demand major changes to that bill.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Senate passing $1.2T bill means ‘infrastructure decade’” President Biden on Tuesday declared that it was \u201cinfrastructure decade\u201d and that the US economy is in for a \u201clong term boom\u201d after the Senate\u00a0passed a $1.2 trillion infrastructure bill\u00a0\u2014 despite much of it not being paid for. The bill passed the Senate on Tuesday with 19 Republicans…<\/p>\n","protected":false},"author":1,"featured_media":321484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/joe-biden-5.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[113833,70301,72036,991,70289],"class_list":["post-321483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-10-21","tag-bills","tag-infrastructure","tag-joe-biden","tag-senate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=321483"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/321484"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=321483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=321483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=321483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}