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Please verify your request Advertisement There are a lot of moving parts as Congress attempts to write and pass a massive infrastructure package. With tensions running high in Washington, there’s a good chance that things may not turn out exactly as planned. Cowen Research’s Chris Krueger laid out a set of potential paths the infrastructure effort could take over the next few months, providing a useful sense of both how unsettled the situation is and where we could end up in the fall. Krueger identified four possible outcomes, in decreasing order of likelihood: 1. Two bills, with some tweaks: Critics are already complaining that the $973 billion infrastructure package agreed to by President Biden and a bipartisan group of senators doesn’t really pay for itself as we noted Tuesday, Howard Gleckman of the Tax Policy Center says the financing proposals are little more than “pixie dust.” Krueger thinks the simple fix for that is to merge the infrastructure plan with the highway bill, a five-year, $715 billion spending package that House Democrats plan to vote on this week. Combining the two, which cover many of the same areas, makes sense, and could result in an infrastructure bill worth about $700 billion.
McConnell Issues New Demand on Infrastructure Deal thefiscaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefiscaltimes.com Daily Mail and Mail on Sunday newspapers.