Biden’s US$2.3tn project gets a boost
NEW SENATE STRATEGY: ‘Budget reconciliation rules’ can now be used more often than expected, giving Democrats a new path around a Republican blockade
AP, WASHINGTON
With an appeal to think big, US President Joe Biden is promoting his US$2.3 trillion infrastructure plan directly to Americans, summoning public support to push past the Republicans lining up against the massive effort they sum up as big taxes, big spending and big government.
Republicans in the US Congress are making the politically brazen bet that it is more advantageous to oppose the costly “American Jobs Plan,” saddling the Democrats with ownership of the sweeping proposal and the corporate tax increases Biden says are needed to pay for it.
William Harley III was a wealthy hedge fund operator said to have managed $1.5 billion in assets. He owned a Hooters restaurant in New York, a pecan farm in Texas, and at one point he attempted to build a massive electric car plant in Syracuse with the help of friend and current U.S. Senate Majority Leader Chuck Schumer.
Also in Harley’s portfolio? Piney Point, a chemistry-set chunk of land in northern Manatee County he purchased for $4.2 million in 2006 and remains associated with, according to court records, though it is currently in foreclosure after Harley and his company failed to repay a $17.5 million loan secured by the property.
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