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With Jordan Erb
Here’s what you need to know:
What’s inside Biden’s massive infrastructure plan
Former DOJ officials say Matt Gaetz is adding to his legal woes
Trump is trying to bring order to his post-presidency
1. BIDEN MAKES A MASSIVEPITCH: President Joe Biden’s $2 trillion infrastructure plan seeks to reorient the US economy with a “once-in-a-generation investment” that redefines what is considered infrastructure. His expansive definition means the plan reach far beyond everyday transportation, but it also underlines the political fight that is just getting started.
Here are some key details: We also have a guide on where the money is going.
About half would go to traditional infrastructure: That’s fixing 20,000 miles of highways, roads, 10,000 smaller bridges, and 10 of the nation’s most economically significant larger bridges. There’s also money for public transit, Amtrak, and the nation’s ports. ($621 billion)
Eliminate of all lead pipes and service lines for drinking water, part of $111 billion in water-related spending
Affordable broadband for every American, the lack of which Biden said is “even more pronounced during this pandemic.” He also pledged to work to drive down internet service prices. ($100 billion)
Boost electric vehicles by creating a national network of charging stations, specifically 500,000 EV stations by 2030. ($174 billion, part of the transportation spending)
Large investments in manufacturing and small business: $300 billion would fund a new office focused on domestic industry and support for domestic manufacturing among other areas.
One of the most important parts may be what’s not in it: Traditionally, user taxes like a gas tax fund transportation infrastructure. But, in a sign of how politically toxic that has become, the plan is instead offset by increasing the corporate tax rate to 28% and increasing the global minimum tax to 21%.
Technically, this pays for the plan over 15 years, even though the spending would end in eight years: As The Washington Post points out, history shows it’s optimistic to assume Congress would keep tax increases in place that long.
The plan’s sweeping scope touches many other areas: Housing, public schools, community college, child care, higher wages for home care workers, research and development, and care for the elderly and people with disabilities all feature.
This also just part one: Biden’s second plan is expected to include proposals like universal pre-K, free community college, and a national paid family leave program.
Biden pitched infrastructure as an area for bipartisan agreement: But early Republican reaction suggests this may be a tough sell. Senate Minority Leader Mitch McConnell called the plan “a Trojan horse” full of tax increases. Sen. Rob Portman of Ohio, a potential vote, said the plan includes areas “a far cry away from what we’ve ever defined as infrastructure.”
This could mean Biden needing near-unanimous Democratic support: House Speaker Nancy Pelosi’s majority has shrunk to just three votes. Senate Majority Leader Chuck Schumer has none to spare. Progressive lawmakers are already saying that the plan isn’t large enough.
2. 4 people, including a child, were killed in a California shooting: “At least four people were killed, including a child, during a shooting Wednesday evening at an office complex in Orange, California, located in Orange County just south of Los Angeles.” Here’s what we know. A police press conference is due at 10 a.m. local time/ 1 p.m. ET.
3. Matt Gaetz’s media blitz is adding to his legal woes: DOJ veterans said any professional investigator would be listening closely to Gaetz’s comments in search of evidence to use against him in an indictment and trial. More on why they’re saying Gaetz should remain silent.