US President Joe Biden hailed the Senate passage Tuesday of a 'historic' $1.2 trillion infrastructure package, celebrating a major bipartisan win on a plan he vowed would 'transform America.'
WASHINGTON, DC – AUGUST 10: U.S. President Joe Biden speaks as Vice President Kamala Harris listens during an event on Senate passage of the Infrastructure Investment and Jobs Act in the East Room of the White House August 10, 2021 in Washington, DC. The Senate has passed the bipartisan infrastructure bill with a vote of 69-30. Alex Wong/Getty Images/AFP
“This historic investment infrastructure is what I believe you, the American people, want,” Biden said in a White House address.Some seven weeks after the Democratic leader stood with senators from both parties hailing a preliminary agreement, the bill received rare bipartisan support in Washington’s highly-polarized political atmosphere.
Democratic Senate majority leader Chuck Schumer credited Biden for winning approval of “the first major infrastructure package in over a decade on a bipartisan basis” after just seven months in office.The ambitious plan provides for $550 billion in new federal spending on transport infrastructure, but also for public transit, broadband internet, and clean water, as well as electric charging stations and other measures to fight climate change.
Passage looks less certain in the House of Representatives, where rifts have emerged within the narrow Democratic majority between the progressive and moderate wings.US business groups applauded the Senate vote saying it provides long-overdue investments and creates jobs. According to a recent Business Roundtable study, each dollar of infrastructure investment over 20 years would yield nearly $4 in US economic growth, increase the average household’s disposable income by $1,800 every year, create 1.2 million new jobs and boost wage growth.The infrastructure package is a primary element of Biden’s sweeping domestic agenda aimed at transforming the United States with more than $4 trillion in federal spending.
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