US Congress approves Biden’s $ 1.2 trillion infrastructure plan

The US Congress this Friday approved the US President Joe Biden’s $ 1.2 trillion infrastructure plan by 228 votes to 206, which was approved by the Senate in August but blocked for months Difficulty reaching an agreement between representatives of the Democratic Party.

The plan must now be signed by the president to become law. It provides funding for new infrastructure projects worth $ 550,000 million over the next five years to renovate roads and bridges, as well as to provide energy or public transport in the country.

US Congress approves Biden’s $ 1.2 trillion infrastructure plan
US Congress approves Biden’s $ 1.2 trillion infrastructure plan

This infrastructure plan “will create millions of jobs, turn the climate crisis into an opportunity, and put us on our way to winning economic competition for the 21st century,” Biden said in a statement distributed by the White House.

The President has outlined some of the areas he hopes the deal will have a positive impact, such as “affordable and ubiquitous” high-speed internet access in the country.

It will also “make it easier for companies to bring their goods to market faster and reduce bottlenecks in the supply chain,” said the president.

After hours of negotiation, Congress finally approved the move, with the support of 13 Republican officials who voted along with a majority of Democrats – even though six representatives from Biden’s party voted against.

Another measure of the proposal is the creation of a nationwide network of charging stations for electric vehicles. The production of solar panels, wind farms, batteries and electric motors is also being promoted with the idea of ​​exporting this technology to the rest of the world.

According to the Bloomberg agency, the project represents the largest infrastructure investment in the North American country in decades. In addition to the 550 billion US dollars in new infrastructure, there are routine investments in roads, bringing the total investment to 1.2 trillion US dollars.

The President of the United States House of Representatives, Nancy Pelosi, celebrated the agreement in a message on the social network Twitter, in which she assured that the bill offers “a unique investment in a century” in the country’s infrastructure.

Biden has failed to vote on his $ 1.75 trillion spending package, which includes lower prices for health care, childcare, and lower taxes for the middle class – a request from the more progressive wing of the Democratic Party – but it was agreed that that would the vote will take place the week of November 15, after the Congressional Budget Office has carried out a cost analysis.

“(The project) is financially responsible, it is paid in full and it does not add to the deficit,” the president defended on the spending package that “will make the biggest companies and the richest Americans pay the part”. that corresponds to them “.

Similar Posts