Why are some calling it a 1.2 trillion infrastructure

[Beachnutt]

and some calling it a 550 billion infrastructure bill ?
I am missing something here...
[link:https://www.google.com/url?q=https://www.nbcnews.com/politics/congress/house-passes-555-billion-infrastructure-bill-sends-legislation-biden-s-n1280527&sa=U&ved=2ahUKEwiM3LO0z4P0AhUXl2oFHYjoBksQ0PADegQIChAW&usg=AOvVaw0ss7KiDwYcIF0amNWMyGFf|

[link:https://www.google.com/url?q=https://www.cbsnews.com/news/build-back-better-infrastructure-bill-house-votes-today-2021-11-05/&sa=U&ved=2ahUKEwiM3LO0z4P0AhUXl2oFHYjoBksQ0PADegQIChAe&usg=AOvVaw3h71iAXBE0pE76R2Ygm-p0|

]

[Budi]

1. Isn't 550 B the amount for Climate related things?

Is that right?

[WHITT]

2. Because

some 650b is previously appropriated spending, only 550b is new.

[Beachnutt]

3. Oh ok, thanks for clearing that up

👍

[lapucelle]

4. The programs are partially funded through offsets and partially through new spending.

The $550 billion number has served as fodder for the "Biden's bill isn't really a win" narrative. Apparently (for some) it's a bad thing that the projects in the bill are already partially paid for.

[Fiendish Thingy]

5. Because only half the money is "new" spending, the rest is pulled from existing programs. Nt