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2021-08-11

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What does Biden's trillion-dollar infrastructure plan contain?

这项法案主要聚焦“硬”基础设施项目。支出中最大的一部分—1100亿美元—将用于道路和桥梁等项目，其它支出将用于客运和货运铁路、公交系统、机场、港口和水路以及电网升级等。经过数月的博弈，美国国会参议

What does Biden's trillion-dollar infrastructure plan contain?

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The largest part of the spending-$110 billion-will be spent on projects such as roads and bridges, while other spending will be spent on passenger and freight railways, bus systems, airports, ports and waterways, and power grid upgrades. After months of gaming, the U.S. Senate finally overwhelmingly passed a draft cross-party infrastructure legislation of nearly one trillion dollars. Most of the expenditure will be used for roads, bridges, and infrastructure such as public transportation and logistics.</p><p>On Tuesday local time, the 2,700-page draft infrastructure law was passed by a vote of 69 to 30. Lawmakers from both parties believe this move will create jobs and stimulate the economy.</p><p>Nineteen Republicans, including Senate Republican leader Mitch McConnell, all stood with Democrats and voted in favor of the largest infrastructure package in the United States in more than a decade.</p><p><b>Next, this bill will be submitted to the U.S. House of Representatives for deliberation, and it is expected that it will officially enter the discussion process after the U.S. Congress ends its summer break in September.</b></p><p><b>What expenditures are included?</b></p><p><b>Corresponding to \"soft\" infrastructure such as social services, this bill mainly focuses on \"hard\" infrastructure projects such as roads, bridges and tunnels.</b></p><p>Under the bill, the largest portion of the spending-$110 billion-would go to projects such as roads and bridges, and another $66 billion would go to passenger and freight rail.</p><p>In addition, the public transit system will receive $39 billion in funding, the airport will receive about $20 billion in funding for runway and terminal improvements, and $5 billion for air traffic control. Ports and waterways will receive $17 billion, and another $15 billion will be used to support infrastructure construction for electric vehicle charging and procurement.</p><p>In non-transportation spending, $73 billion will be spent on upgrading the U.S. power grid, and another $65 billion will be allocated to states to improve broadband access. Another $55 billion is spent on improving the availability of clean drinking water.</p><p><b>How to pay?</b></p><p>$550 billion of the $1 trillion package will be distributed in the form of federal grants over the next five years, with the remainder typically distributed annually.</p><p>Supporters of the bill insist that a series of measures will be adopted to avoid increasing the national deficit, and that the program expenditure will not be paid by raising taxes.</p><p>Specific measures include reusing more than $200 billion in unspent anti-epidemic funds, while delaying the Medicare tax rebate, which is expected to save $50 billion.</p><p>Some states will return unused federal funds originally used for unemployment insurance, which is expected to save another $50 billion. Separately, a plan to require information on cryptocurrency transactions to be reported to the IRS to strengthen tax compliance is expected to generate an additional $28 billion in revenue for the federal government.</p><p>However, it is still questionable whether these measures can cover the full cost of the infrastructure plan.<b>Last week, the Congressional Budget Office released an analysis saying that the bill is expected to increase the projected deficit by $256 billion over the next 10 years.</b></p><p><b>Which initial proposals were not included?</b></p><p>Although this is an advanced infrastructure investment plan, it has shrunk significantly compared with the $2.3 trillion spending plan originally proposed by the White House.</p><p>The original proposal included hundreds of billions of dollars in spending to combat climate change, such as investing in research and development, manufacturing and clean energy tax credits. In addition, some soft infrastructure investment plans are included, such as expanding medical insurance and universal education for children below kindergarten.</p><p><b>These items may be included in the next budget resolution that will be voted on.</b></p><p>On Tuesday, the U.S. Senate immediately passed the process of advancing the vote on the larger $3.5 trillion budget resolution proposed by Democrats by a vote of 50 to 49. The formal vote on the budget resolution will take place in the next few days. Once passed, it will start a budget reconciliation process that can be approved without Republican support.</p><p>The cross-party infrastructure bill just approved in the Senate, as well as the budget resolution to be voted on, will be submitted to the U.S. House of Representatives for consideration. Pelosi, Speaker of the House of Representatives and leader of the * Party, has repeatedly reiterated that the Senate must pass the above two proposals, otherwise the House of Representatives will not consider opening a separate vote on either bill.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What does Biden's trillion-dollar infrastructure plan contain?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat does Biden's trillion-dollar infrastructure plan contain?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-11 19:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>This bill mainly focuses on \"hard\" infrastructure projects. The largest part of the spending-$110 billion-will be spent on projects such as roads and bridges, while other spending will be spent on passenger and freight railways, bus systems, airports, ports and waterways, and power grid upgrades. After months of gaming, the U.S. Senate finally overwhelmingly passed a draft cross-party infrastructure legislation of nearly one trillion dollars. Most of the expenditure will be used for roads, bridges, and infrastructure such as public transportation and logistics.</p><p>On Tuesday local time, the 2,700-page draft infrastructure law was passed by a vote of 69 to 30. Lawmakers from both parties believe this move will create jobs and stimulate the economy.</p><p>Nineteen Republicans, including Senate Republican leader Mitch McConnell, all stood with Democrats and voted in favor of the largest infrastructure package in the United States in more than a decade.</p><p><b>Next, this bill will be submitted to the U.S. House of Representatives for deliberation, and it is expected that it will officially enter the discussion process after the U.S. Congress ends its summer break in September.</b></p><p><b>What expenditures are included?</b></p><p><b>Corresponding to \"soft\" infrastructure such as social services, this bill mainly focuses on \"hard\" infrastructure projects such as roads, bridges and tunnels.</b></p><p>Under the bill, the largest portion of the spending-$110 billion-would go to projects such as roads and bridges, and another $66 billion would go to passenger and freight rail.</p><p>In addition, the public transit system will receive $39 billion in funding, the airport will receive about $20 billion in funding for runway and terminal improvements, and $5 billion for air traffic control. Ports and waterways will receive $17 billion, and another $15 billion will be used to support infrastructure construction for electric vehicle charging and procurement.</p><p>In non-transportation spending, $73 billion will be spent on upgrading the U.S. power grid, and another $65 billion will be allocated to states to improve broadband access. Another $55 billion is spent on improving the availability of clean drinking water.</p><p><b>How to pay?</b></p><p>$550 billion of the $1 trillion package will be distributed in the form of federal grants over the next five years, with the remainder typically distributed annually.</p><p>Supporters of the bill insist that a series of measures will be adopted to avoid increasing the national deficit, and that the program expenditure will not be paid by raising taxes.</p><p>Specific measures include reusing more than $200 billion in unspent anti-epidemic funds, while delaying the Medicare tax rebate, which is expected to save $50 billion.</p><p>Some states will return unused federal funds originally used for unemployment insurance, which is expected to save another $50 billion. Separately, a plan to require information on cryptocurrency transactions to be reported to the IRS to strengthen tax compliance is expected to generate an additional $28 billion in revenue for the federal government.</p><p>However, it is still questionable whether these measures can cover the full cost of the infrastructure plan.<b>Last week, the Congressional Budget Office released an analysis saying that the bill is expected to increase the projected deficit by $256 billion over the next 10 years.</b></p><p><b>Which initial proposals were not included?</b></p><p>Although this is an advanced infrastructure investment plan, it has shrunk significantly compared with the $2.3 trillion spending plan originally proposed by the White House.</p><p>The original proposal included hundreds of billions of dollars in spending to combat climate change, such as investing in research and development, manufacturing and clean energy tax credits. In addition, some soft infrastructure investment plans are included, such as expanding medical insurance and universal education for children below kindergarten.</p><p><b>These items may be included in the next budget resolution that will be voted on.</b></p><p>On Tuesday, the U.S. Senate immediately passed the process of advancing the vote on the larger $3.5 trillion budget resolution proposed by Democrats by a vote of 50 to 49. The formal vote on the budget resolution will take place in the next few days. Once passed, it will start a budget reconciliation process that can be approved without Republican support.</p><p>The cross-party infrastructure bill just approved in the Senate, as well as the budget resolution to be voted on, will be submitted to the U.S. House of Representatives for consideration. Pelosi, Speaker of the House of Representatives and leader of the * Party, has repeatedly reiterated that the Senate must pass the above two proposals, otherwise the House of Representatives will not consider opening a separate vote on either bill.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b723feb7135a01ca53f3c6edab4b9665","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194834011","content_text":"这项法案主要聚焦“硬”基础设施项目。支出中最大的一部分—1100亿美元—将用于道路和桥梁等项目，其它支出将用于客运和货运铁路、公交系统、机场、港口和水路以及电网升级等。\n\n经过数月的博弈，美国国会参议院终于以压倒性优势通过了近万亿美元的跨党派基建立法草案，大部分支出将用于道路、桥梁以及公交和物流等基础设施。\n当地时间周二，长达2700页的基建法草案以69比30的票数获得通过，两党立法者都认为这项举措将创造就业和刺激经济。\n包括参议院共和党领袖麦康奈尔(Mitch McConnell)在内的19名共和党人都与民主党人站在一线，对这项美国10多年来规模最大的基础设施一揽子计划投出了支持票。\n接下来，这项法案将被提交到美国众议院审议，预计在美国国会9月结束夏休后，正式进入讨论程序。\n具体包括哪些支出？\n与社会服务等“软”基础设施相对应，这项法案主要聚焦道路、桥梁和隧道等“硬”基础设施项目。\n根据该法案，支出中最大的一部分—1100亿美元—将用于道路和桥梁等项目，另外660亿美元将拨给客运和货运铁路。\n此外，公共交通系统将获得390亿美元资金，机场将获得约200亿美元资金用于改善跑道和航站楼，以及50亿美元用于空中交通管制。港口和水路将获得170亿美元， 另有150亿美元将用于支持电动车充电和采购的基础设施建设。\n在非交通支出方面， 730亿美元将用于升级美国电网，另外650亿美元将分配给各州，用于改善宽带接入。另有550亿美元用于改善清洁饮用水的供应。\n如何支付？\n1万亿美元一揽子计划中的5500亿美元将在未来5年内以联邦拨款的形式发放，其余的资金通常会按年度分配。\n该法案支持者坚称，将通过一系列措施来避免增加国家赤字，并且不会通过提高税收的方式来支付方案支出。\n具体措施包括重新利用逾2000亿美元未动用的抗疫资金，同时推迟联邦医疗保险(Medicare)退税，预计这将省出500亿美元。\n一些州将返还原本用于失业保险的未使用联邦基金，预计还将省出500亿美元。另外，一项要求向美国国税局报告加密货币交易信息以加强税务合规的计划预计将为联邦政府带来额外280亿美元的收入。\n但这些措施是否能覆盖该基建计划的全部成本仍存在质疑。上周，美国国会预算办公室(Congressional Budget Office)发布分析报告称，预计该法案将在未来10年增加2560亿美元的预计赤字之。\n哪些初始提议未被包括？\n尽管这是一笔规模超前的基础设施投资计划，但与白宫最初提议的2.3万亿美元支出案相比，还是大幅缩水了。\n最初的提案中包括了数千亿美元用于应对气候变化的支出，例如投资研发、制造业和清洁能源税收抵免等。另外还包括了一些软性基础设施投资计划，比如扩大医疗保险和普及幼儿园以下儿童的教育。\n这些项目可能会被纳入接下来即将进入投票的预算决议（budget resolution）。\n美国参议院周二立即以50比49票通过了推进民主党人提出、更大规模的3.5万亿美元预算决议投票的程序，对预算决议的正式投票将在未来几天内进行，一旦通过将开启不需要共和党支持就能获批的预算协调（budget reconciliation）程序。\n刚刚在参议院获批的跨党派基建法案，以及即将投票表决的预算决议，都将提交至美国众议院审议。众议院议长、民主党籍领袖佩洛西一再重申，参议院必须通过上述两项提案，否则众议院不会考虑单独开启对任一法案的投票表决。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1932,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}