10 Bipartisan Senators Announce Infrastructure Plan
A bipartisan group of 10 Senators announced yesterday that they have reached a deal on a $1.2 trillion infrastructure package. In a statement, the Senators said “our group — comprised of 10 Senators, 5 from each party — has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation’s infrastructure and energy technologies. This investment would be fully paid for and not include tax increases.”
According to White House Spokesman Andrew Bates, Senior White House staff and President Biden’s Jobs Cabinet will work with the group behind the proposal. Included in it is $1.2 trillion of spending over eight years, $974 billion spent over the first five years, with $579 billion of new spending focused on core and physical infrastructure. The plan will be paid for without tax hikes but many of the specific details still need to be ironed out and it still needs to be voted on.