UPDATE 6/25/21:
The following are excerpts from The White House on President Biden's remarks on the bipartisan infrastructure deal:
"I’m pleased to report that a bipartisan group of senators—five Democrats, five Republicans—part of a larger group—have come together and forged an agreement that will create millions of American jobs and modernize our American infrastructure to compete with the rest of the world and own the 21st century."
"The investments we’ll be making as a result of this deal are long overdue. They’ll put Americans to work in good-paying jobs repairing our roads and our bridges."
"[A]nd we’re going to do it all without raising a cent from earners below $400,000. There’s no gas tax increase, no fee on electric vehicles."
--------------------
ORIGINAL POST 6/24/21:
Today, President Biden and Vice President Harris announced their support for a $1.2 trillion Bipartisan Infrastructure Framework as a compromise on part of the president's American Jobs Plan.
"We have a deal," President Biden said in a press conference outside The White House. "We agreed on infrastructure. We made serious compromises on both ends."
The White House says the plan makes "transformational and historic investments" in clean transportation infrastructure, clean water infrastructure, universal broadband infrastructure, clean power infrastructure, remediation of legacy pollution, and resilience to the changing climate. Cumulatively across these areas, the framework invests two-thirds of the resources that President Biden proposed in the American Jobs Plan.
The bipartisan plan includes $579 billion in new investments. The framework includes $312 billion for transportation, with $109 billion set aside for roads, bridges, and major projects; $11 billion for safety projects; $49 billion for public transit; and $7.5 billion for electric vehicle infrastructure.
According to The New York Times, top Democrats have made it clear that the plan—which makes up a fraction of the $4 trillion economic proposal President Biden has put forth—can only move forward in tandem with a much larger package that Democrats are planning to try to push through Congress unilaterally.
----------
SOURCE: The White House / The New York Times
