trillion dollar projects

[Jasper]

https://abcnews.go.com/Politics/wireStory/roads-transit-internet-infrastructure-bill-81005655

pretty much based on infrastructure...

Sad the Bipartisan bill did not affect Medicare. (thank the right wingers for that)
(Biden wanted eye,ear... with enhanced coverages)

* back to the drawing board for me to get supplemental ins.

[bladefd]

Here's a simplified version of the infrastructure bill if you just want the pure numbers.. It was bipartisan with 13 Republicans voting for it.. The 1.2 trillion will be paid for over 10 years.


$110 billion for roads and bridges. In addition to construction and repair, the funding also helps pay for transportation research at universities, funding for Puerto Rico’s highways, and “congestion relief” in American cities.

$66 billion for railroads. Funding includes upgrades and maintenance of America’s passenger rail system and freight rail safety, but nothing for high-speed rail.

$65 billion for the power grid. The bill would fund updates to power lines and cables, as well as provide money to prevent hacking of the power grid. Clean energy funding is also included.

$65 billion for broadband. Includes funding to expand broadband in rural areas and in low-income communities. Approximately $14 billion of the total would help reduce Internet bills for low-income citizens.

$55 billion for water infrastructure. This funding includes $15 billion for lead pipe replacement, $10 billion for chemical cleanup, and money to provide clean drinking water in tribal communities.

$47 billion for cybersecurity and climate change. The Resilience Fund will protect infrastructure from cybersecurity attacks and address flooding, wildfires, coastal erosion, and droughts along with other extreme weather events.

$39 billion for public transit. Funding here provides for upgrades to public transit systems nationwide. The allocation also includes money to create new bus routes and help make public transit more accessible to seniors and disabled Americans.

$25 billion for airports. This allocation provides funding for major upgrades and expansions at U.S. airports. Air traffic control towers and systems would receive $5 billion of the total for upgrades.

$21 billion for the environment. These monies would be used to clean up superfund and brownfield sites, abandoned mines, and old oil and gas wells.

$17 billion for ports. Half of the funds in this category would go to the Army Corps of Engineers for port infrastructure. Additional funds would go to the Coast Guard, ferry terminals, and reduction of truck emissions at ports.

$11 billion for safety. Appropriations here are to address highway, pedestrian, pipeline, and other safety areas with highway safety getting the bulk of the funding.

$8 billion for western water infrastructure. Ongoing drought conditions in the western half of the country will be addressed through investments in water treatment, storage, and reuse facilities.

$7.5 bill for electric vehicle charging stations. The Biden administration asked for this funding to build significantly more charging stations for electric vehicles across the nation.

$7.5 billion for electric school buses. With an emphasis on bus fleet replacement in low-income, rural, and tribal communities, this funding is expected to allow those communities to convert to zero-emission buses.https://www.investopedia.com/here-s-what-s-in-the-usd1-trillion-infrastructure-bill-passed-by-the-senate-5196817

[bladefd]

What the other bill called 'Build Back Better' has so far (not final though).. That one will be 1.75 trillion, paid for over 10 years. This one may be tough to pass without more changes.


$400 billion for childcare and universal preschool. The plan is designed to save most American families more than half of their spending on childcare by providing two years of free preschool for every 3- and 4-year-old in America and additional funding for childcare.

$150 billion for home care. This funding expands home care for seniors and the disabled.

$200 billion for Child Tax Credit and Earned Income Credit. The proposal extends the expanded Child Tax Credit for one year and provides additional funds to extend the expanded Earned Income Tax Credit.

$150 billion for home care. This would expand access to high-quality home care for older Americans and people with disabilities.

$555 billion for clean energy and climate. The plan proposes cutting greenhouse gas pollution by over a gigaton in 2030, reducing consumer energy costs, helping to create more clean air and water, and creating hundreds of thousands of jobs.

$130 billion in ACA credits. This money will be used to expand affordable healthcare coverage, reduce premiums for more than 9 million Americans, and deliver healthcare to uninsured people in states that are not enrolled in expanded Medicaid coverage.

$35 billion Medicare hearing coverage. While dental and vision coverage did not make the cut, Medicare recipients will have coverage for hearing aids and hearing tests.

$150 billion for housing. The plan invests in affordable housing, including construction and rehabilitation of homes, as well as investments in rental assistance and housing vouchers.

$40 billion higher ed and workforce. The legislation will increase Pell grants and provide post-high school education opportunities including through apprenticeship programs for underserved communities.

$90 billion for equity and other investments. Spending in this area will be designed to achieve equity through investments in maternal health, community violence interventions, and nutrition according to the Whitehouse.

$100 billion for immigration. This is part of the framework, but also separate, since it requires a ruling by the Senate parliamentarian. This would constitute an investment to reform the immigration system, reduce backlogs, expand legal representation, and make border processing more efficient and humane.

Corporate alternative minimum tax. A 15% minimum tax on companies whose financial statements show at least $1 billion in profit—proposed by Senators Elizabeth Warren (D., Mass.), Angus King (I., Maine) and Ron Wyden (D., Ore.)—has been added to the current Build Back Better legislation to help fund it.

Agreement to lower prescription drugs costs. The compromise plan would reduce the price of insulin and halt drug price hikes above inflation, which affects all Americans. Seniors in particular would benefit from Medicare's ability to negotiate prescription drug prices in its Part B and Part D program. In addition, the compromise limits Medicare out-of-pocket copays and caps drug costs for Medicare recipients at $2,000 per year.

Paid family leave. Democrats initially wanted 12 weeks of guaranteed paid family and medical leave, then scaled it back to four weeks. Then, paid leave was removed from the bill—until Nov. 3, when House Speaker Nancy Pelosi announced, in a Dear Colleague letter, that it had been put back in.

[Jasper]

$35 billion Medicare hearing coverage. While dental and vision coverage did not make the cut, Medicare recipients will have coverage for hearing aids and hearing tests.
(dental and vision should be included --- these are huge expenses)
I can not empathize how important this is to senior citizens. Billions are spent annually on supplemental insurances , because Medicare doesn't really cover it.
Some how shape way or form I hope it gets thru - because in 18 months I will be 65.
As a typical baby-boomer : todays youth generations have it easier than we did... (all based on longevity as well as technology )

[bladefd]

Here's a simplified version of the infrastructure bill if you just want the pure numbers.. It was bipartisan with 13 Republicans voting for it.. The 1.2 trillion will be paid for over 10 years.

https://www.investopedia.com/here-s-what-s-in-the-usd1-trillion-infrastructure-bill-passed-by-the-senate-5196817

Biden just signed it into law :applause:


Let's see what's next. Probably Build Back Better bill, but I don't see it passing. It has some good things in it, but I don't see Manchin/Sinema (sp) going with it. Democrats cannot lose a single vote because it seems no Republican is going to back it.

I think it might require more changes to bring down the overall cost to 1.5 trillion. Perhaps slash 100bn from childcare. Should be able to easily slash another 50 billion with minor slashes across multiple things. Not sure how you bring down the final 100 billion. You don't need 100bn for immigration - pull 30bn out. 30bn out of ACA credits. I think 1.5 trillion is doable to get Manchin/Sinema onboard and get the bill through.

They have been spending months on these 2 bills. Time to move on to other things.