President Biden rolled out his Infrastructure proposal with tax hikes to pay for things….
It WAS supposed to also undo some the 2017 Trump/Republican tax reform thing that actually was a giveaway for the rich and corporations …
THAT is NOT gonna happen it appears….
Biden and Republicans want a a deal to take home to voters….
He NEEDS Republicans and Blue Dog Democrats….
Things will go from there…
Since electric cars don’t run on gas which IS Federally taxed?
They WOULD be taxed if the compromise bill Republican Senator Susan Collins is fronting…..
And she wants to redirect Covid authorised money to the infrastructure since the pandemic seems to be subsiding….
Sen. Susan Collins (R-Maine) told Sunday’s “Face the Nation” that the new tentative infrastructure deal from a group of bipartisan senators will not include a gas tax hike or any reversal of former President Donald Trump’s 2017 tax reform bill.
Why it matters: The group of 10 senators announced the success of their infrastructure negotiations on Thursday, but did not elaborate on how the bill would be paid for except to say it would “not include tax increases.”
The big picture: Collins, one of the 10 senators involved in the deal’s drafting, gave additional details about the three ways in which the the agreement would be paid.
- Collins said that there should be a repurposing of unused COVID-19 relief funds for infrastructure projects.
- Another funding avenue would be the creation of an infrastructure financing authority, which she described as “very similar to the state revolving funds that we used for sewer and water projects.”
- The deal, though it wouldn’t include a gas tax increase, would also include a provision to tax electric cars to ensure they pay for their “fair share of of using our roads and bridges,” she said.
What she’s saying: “There won’t be a debt — a gas tax increase, and we won’t be undoing the 2017 tax reform bill,” Collins said.
- Collins added she had spoken to senators who are “enthusiastic about the prospect” of repurposing COVID relief funds.
- “Right now, they are literally free riders because they’re not paying any gas tax,” she said of electric vehicle owners….
Pelosi ain’t happy….
“If this (bipartisan plan) is something that can be agreed upon, I don’t know how we can possibly sell it unless we know there is more to come,” Pelosi, a Democrat, told CNN’s “State of the Union.” Biden, she said, has “no intention of abandoning” the rest of his vision.
Pelosi appeared to be hinting at a scenario in which Congress passes a bipartisan infrastructure bill and Democrats then follow up by pushing through a second spending measure using a process called reconciliation, which bypasses Senate rules requiring 60 votes to advance most legislation in the 100-seat chamber.
Collins told CBS that the bipartisan infrastructure plan would be partly paid for by unspent COVID-19 funds: “There’s literally hundreds of billions of dollars in the pipeline.”..
Lake Young Squid🗳
Remember when Republicans passed their tax cuts bill and zero (0) Democrats were included in the creation of it? Why should we afford Republicans the same luxury at the expense of the American people?
Another re-election pander that has NO Chance…..
Rep. Thomas Suozzi (D-N.Y.), a member of the tax-writing House Ways and Means Committee, said that he’s exploring the idea of a one-time tax on the wealth of the richest Americans as Democrats seek to increase taxes on the rich in order to pay for spending priorities.
In an interview with The Hill on Friday, Suozzi said he’s in the early stages of looking at what he called a “patriot tax.” This would be a one-time surcharge of 2.5 percent on wealth between $50 million and $100 million and a 5 percent tax on wealth above $100 million. Wealthy people would be able to pay the tax over five years.
Research provided by Suozzi’s office estimates that such a tax could raise about $450 billion.
My Name Is Jack says
Sort of like your wanting to continue the war in Afghanistan .
I do Not want to continue the war in Afghanistan….
I do NOT want to see the Taliban bring back its bloodletting….
I DO worry about Kabul a city of 4 million dealing with a group that has no experience running or governing such a place…
I do worry about those left who who do NOT embrace Taliban rule….
And a Taliban take over will most likely not look like the Chinese taking over Hong Kong…..
My Name Is Jack says
You’re a liar
You love all wars as anyone who has read here well knows.
So how do you propose keeping the Taliban from taking over as you say without continuing the war.
And you couldn’t care less about the Afghans so cram that bit of your well known hypocrisy.
He, he, he……
Thanks for making me laugh on this….
I wonder about
Your lack of concern it seems for the welfare of others not as fortunate as us….