Officials in Congress and White House Democrats are increasingly confident that they will be able to pass a more than বেশি 3 million economic recovery package next month, even in the absence of Republican support.
Joe Biden, The U.S. president, said this week that his next “big initiative” after taking effect this month Fiscal 1.9tn financial stimulus bill There will be a multi-billion dollar plan to spend on long-term infrastructure, education and child care, partly funded by tax increases.
He is expected to elaborate on the package during a visit to Pittsburgh, Pennsylvania, on Wednesday, which is expected to have an impact on the political agenda in the coming months.
Negotiations on Capitol Hill are expected to take longer than they would in the case of the stimulus bill, which Biden administration officials and congressional Democrats believe is gaining enough support within their party to pass. Recovery plan Without the need for a Republican vote, according to people familiar with the matter
“I think 90 percent of the time I’m convinced that we’re done, we’re going to pass a big infrastructure bill,” said Don Bayer, chairman of the Virginia Joint Economic Committee and a Democratic congressman.
“Everyone likes to be bipartisan – and that’s sincere. But in an attempt to bilateralize, we are not going to say anything, we will do nothing, or very little. “
If successful, Biden’s new 3tn plan will add a major new dimension to the U.S. economy while global investors, executives and policymakers are still digesting the effects of the current expansion of U.S. government spending to fight epidemics.
The passage, which relies solely on democratic support, will resume the political strategy used successfully by the White House and party leaders earlier this year to pass the 1.9tn stimulus bill ities with tiny thin sections in both sessions of Congress.
In the Senate, it is again involved in the adoption of a parliamentary procedure known as the “compromise” reserved for budget management, to remove the supremacy-0-vote threshold for advancing common law in the upper house.
Biden has already discussed infrastructure spending with some Republican lawmakers. But many are already considering their support, even after tax increases on companies and wealthy people partially underestimated Donald Trump’s tax cuts for the plan.
Meanwhile, with the unanimous support of Democrats on Capitol Hill, hopes are growing against the Republican opposition. West Virginia Democratic Sen. Joe Manchin, who is in charge of the Senate, told NBC this week that he would support a “huge” infrastructure package built in partial funding of the tax increase.
Biden hopes to increase the political momentum for the package, given the popularity of the plan’s content, as measures such as infrastructure spending, universal pre-education, and even taxes on the rich have been effectively maintained. Moreover, Democrats believe that revising long-term investment in public goods in America is their greatest opportunity, which in their view has been dragging the U.S. economy forward for decades, contributing to prosperous growth and growing inequality.
“I think we fear that it will be a long time before this perfect storm of political will, not just our vote, happens.”
Liberal thinker Linde Owens, acting executive director of Groundwork Collaborative, said Democrats were “interested in doing more” at the top of the stimulus plan. “There’s a lot of enthusiasm and a lot of raw politics in this content is really good.”
Many political analysts say the outlook for the White House is now looking good.
“There’s still wind behind Biden, he’s got a high number of votes, the policies have got a high number of approvals, and I think they’ll get t 3tn and that will be done by the August holidays,” said Chris Krueger, managing director of Coven Washington Research Group.
The biggest hurdle on Capitol Hill could come if Republicans and business groups manage to get their message across as the economy begins to recover strongly, raising taxes will hurt recovery. But many Democrats and left-wing economists say the argument is now less effective amid skepticism about the benefits of a trickle-down economy.
“You could argue that the Republicans have passed the only policy [during Trump’s presidency] “There was a substantial reduction in taxes,” said Steve Sterling, vice president of the Roosevelt Institute, a progressive think tank.
“And it was and isn’t hugely popular because the Democrats made it. . . In a very successful and accurate case, the benefits to the rich were far greater than the benefits to the regulars. “