WASHINGTON — President Biden was scheduled to hold a signing ceremony Monday at the White House for his bipartisan infrastructure bill, which 19 Republican senators and 13 Republican representatives voted for along with the majority of Democrats.
The legislation includes $550 billion of new funding for roads and bridges repairs, improvements to public transportation and trains, and more charging stations for electric vehicles.
Many projects take years to finance and complete.
However, this is only a small part of President Biden’s agenda.
WHAT ABOUT PART 2?
Part 2 is also known as the “Build back Better” plan.
Democrats want this bill to fundamentally alter everything, from childcare to healthcare.
It is written as it stands now. It would limit childcare costs at 7% of the average income and provide four weeks of paid family time for families to care for their child until it is born.
It would lower some prescription drug prices for the elderly and fund climate change programs.
It currently costs $1.75 trillion. The policy is being funded through new tax increases for corporations and multimillionaires.
Although some Republicans voted for the infrastructure bill, none of them support the Build Back better Act. It must be voted for by every senator and nearly every democrat in the House of Representatives in order to become law.
IS THIS GOING TO BE MADE LAW?
While a vote on the Senate seems far away, Democratic leaders believe that a vote could be held this week. But, there are new obstacles.
The timing of each House election can be affected by the Congressional Budget Office score and their “CBO Score.”
The score is an economist-respected, impartial analysis that details the true cost of each piece of legislation. They control the math of President Biden.