August 27, 2021 1:50pm
Infrastructure Bill Advances in U.S. House of Representatives
Earlier this week, the U.S. House of Representatives voted to advance the $1 trillion Infrastructure Investment and Jobs Act by requiring a stand-alone vote on the Senate-passed bill by no later than September 27th. The bill was originally tied to a $3.5 trillion reconciliation package which would impose massive tax increases and produce record levels of inflationary spending by the federal government.
The bi-partisan bill is the most fiscally responsible infrastructure package in over a decade and is a historic investment in our nation’s core infrastructure needs – roads, bridges, rail, transit, electric grid, broadband and much more. All of this investment will be achieved without tax hikes for American taxpayers and will ensure economic productivity and efficiency while reducing inflationary pressures and increasing the long-term productive capacity of our economy.
Achieving a stand-alone vote by a certain date is a major step forward in our efforts to invest in our infrastructure without attaching it to a proposed $3.5 trillion tax and spending reconciliation bill. See below for more information from our partner, the U.S. Chamber of Commerce, on the package.