From Barron's: Bipartisan group of senators reach tentative agreement on infrastructure.

[sprinkleeninow]

US Senators Say They Reached Deal On Infrastructure | Barron's

https://www.barrons.com/news/us-senators-say-they-reached-deal-on-infrastructure-01623366913

US Senators Say They Reached Deal On Infrastructure
By AFP - Agence France Presse
June 10, 2021
A bipartisan group of 10 US senators said Thursday they have reached a tentative agreement on a "realistic" infrastructure plan, days after talks between President Joe Biden and Republican lawmakers collapsed.

The agreement, considerably less ambitious than Biden's original $2.3 trillion American Jobs Plan, would be "fully paid for and not include tax increases," the five Democrats and five Republicans said in a brief statement.


"Our group... has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation's infrastructure and energy technologies," they said.

A deal is far from certain. Details of the plan were omitted from the statement, suggesting there are questions about whether its current form will pass muster with both parties and the White House.

[WHITT]

1. Good Grief

it has all the markings of a Repub bill. No tax increases on the Rich & Corporate even though they're not paying their taxes, yet fully paid for, which means User Fees. As in YOU there, Middle-Class and Working Poor, you're gonna pay a bunch of fees. And using what the Repubs call 'unused covid spending', which does not exist. It's all been appropriated already for local and state governments, which the Repubs were against from the beginning.

Hopefully a bunch of Dems say no. No more Charlie Brown.

[brush]

2. It might be a good start.

It amounts to $1.2 trillion over eight years, with some $579 billion of it being new spending -- and none of it raised through new corporate or income taxes. That's about half of Joe Biden's original 2.3 T bill.

Maybe they can come up, Joe down some and have a deal that can be passed by reconciliation...that is if Manchin, Sinema and the recalsitrants don't mind.

[WHITT]

3. Great

then Biden gets slammed for breaking his promise not to raise taxes on those making less than 400K. Not exactly a favorable campaign for the Dems in '22 and '24.

[brush]

8. I said a good start, a good negotiating start. Things to work out.

Do you not get how negotiations work? And as far as '22 and '24, if there is no infrastructure deal we won't do well in either year so getting a deal done is better than not getting one done. And of course there are things like the taxes that have to be ironed out.

It's a start and much better than the incredibly cheap plan from Sen. Capito and the McTurtle republicans. You are aware of that one right?

[sprinkleeninow]

6. Reach a compromise. Not ideal, but...

[WHITT]

4. DOA

Welp, both the Chairman of the Senate Finance Committee and the White House have declared this proposal a "non-starter".

[sprinkleeninow]

5. Viewed that non-starter comment tonite on TV. We shall see.

[Deminpenn]

7. 5 Rs are not 10 Rs

which is what's needed to pass a bill outside of Reconcilliation.

[brush]

9. Since it's a budget bill it can be passed by reconciliation, right?

[Deminpenn]

10. Yes, all the elements should pass muster

unlike the 15/hr min wage in the Am Rescue Act