$1.2 Trillion Infrastructure Bill Passed By Congress Welcomed By Industrial Leaders

Corporations and business groups are calling on President Biden to sign the bipartisan $1.2 trillion infrastructure bill into law quickly after it finally cleared Congress late Friday, November 5th, after several months of painstaking negations.

The infrastructure bill passed the House 228-206 on Friday. Thirteen Republicans voted for the bill, while six progressive Democrats voted against it, arguing that Democratic leaders didn’t do enough to ensure that the party’s moderates would support the larger reconciliation package. The infrastructure legislation had cleared the Senate in August, with 19 Republicans joining all 50 Democrats in support.

The business community has rallied behind the infrastructure package, which makes huge investments in roads, bridges, broadband internet, drinking water, rail and public transit without raising taxes on corporations. Business groups say that Biden should sign the bill as soon as possible so transportation officials can get started on construction projects.

According to reports, nearly every major business group in Washington, D.C., backed the infrastructure bill while opposing the reconciliation package, which will implement a minimum tax on corporate profits.The Business Roundtable, which represents CEOs at some of the nation’s largest companies, urged Biden to “swiftly sign” the infrastructure bill. The U.S. Chamber of Commerce, the largest American corporate lobbying group, called the bill’s passage “a major win for America.”

Ford Motor Co., which will benefit from the bill’s investment in electric vehicle charging stations, lauded the House vote as “great news for the United States’ infrastructure and transition to a zero emissions transportation future” and said it looked forward to Biden’s signature.

“We urge President Biden to quickly sign this bipartisan package into law, so we can build back better with increased jobs, enhanced safety, and improved roads,” Jay Hansen, executive vice president for advocacy at the National Asphalt Pavement Association, said in a statement after the bill passed the House.

The United Steelworkers union welcomed the bill’s passage. “The House has passed the #InfrastructureBill, which would provide roughly $1 trillion for upgrading the nation’s critical infrastructure. This is a big freakin’ deal for us because Steelworkers supply America in so many ways!” the union tweeted.

Biden and Vice President Kamala Harris appeared in the White House State Dining Room about 12 hours after moderate and progressive Democrats in the House of Representative overcame internal bickering and delivered the president his biggest legislative win thus far. WASHINGTON, Nov 6 (Reuters) – A giddy President Joe Biden on Saturday hailed congressional passage of a long-delayed $1 trillion infrastructure bill as a “once in a generation” investment and predicted a broader social safety net plan will be approved despite tense negotiations.

Biden and Vice President Kamala Harris appeared in the White House State Dining Room about 12 hours after moderate and progressive Democrats in the House of Representative overcame internal bickering and delivered the president his biggest legislative win thus far.v”Finally, infrastructure week,” Biden said with a chuckle. “I’m so happy to say that – infrastructure week!”

President Joe Biden on Saturday hailed congressional passage of a long-delayed $1 trillion infrastructure bill as a “once in a generation” investment and predicted a broader social safety net plan will be approved despite tense negotiations.

Biden and Vice President Kamala Harris appeared in the White House State Dining Room about 12 hours after moderate and progressive Democrats in the House of Representative overcame internal bickering and delivered the president his biggest legislative win thus far.

The president’s comment referred to a running joke in recent years after Biden’s Republican predecessor Donald Trump declared “Infrastructure week” in 2018 but was unable to pass a bill after multiple tries during his presidency.

The bipartisan bill’s passage gives Biden a jolt of good news after sobering election losses for his Democratic party this week and a drop in his approval ratings. Referring to the losses, Biden said they showed American people “want us to deliver.” “I think the one message that came across was – ‘get something done. It’s time to get something done – stop talking,'” said Biden

Share the Story :

Leave a Reply

Your email address will not be published. Required fields are marked *