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2021-07-15
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Key Moderate Dems Not Yet On Board With $3.5 Trillion Spending Package<blockquote>主要温和派民主党尚未接受3.5万亿美元的支出计划</blockquote>
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Hours, later CNBC, Bloomberg and others are reporting that the plan might include a carbon border tax, essentially a tariff that would apply to \"carbon-intensive\" imports. The plan would punish countries with weaker climate policies.</p><p><blockquote><b>更新（1530ET）</b>：早些时候，WaPo报道称，抵消拜登政府3.5万亿美元“人类基础设施”计划的一些拟议税收可能含有气候成分。几个小时后，美国消费者新闻与商业频道、彭博社和其他媒体报道称，该计划可能包括碳边境税，本质上是一种适用于“碳密集型”进口的关税。该计划将惩罚气候政策较弱的国家。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1310ET):</b>As it turns out, Manchin isn't the only moderate Dem who is still undecided on the $3.5 trillion \"human infrastructure\" package that Dems are trying to pass using budget rules to push it through on a party-line vote.</p><p><blockquote><b>更新（1310ET）：</b>事实证明，曼钦并不是唯一一个对3.5万亿美元的“人力基础设施”一揽子计划犹豫不决的温和派民主党人，民主党人正试图利用预算规则在党派投票中推动该计划通过。</blockquote></p><p> Still, to accomplish this, they need all 50 Dems in the Senate on board. Earlier, we reported that Sen. Joe Manchin hadn't yet given his final sign-off. And apparently, he's not alone: Bloomberg just reported that Jon Tester of Montana, another Moderate Dem, is not yet on board with the bill.</p><p><blockquote>尽管如此，为了实现这一目标，他们需要参议院所有50名民主党人都加入进来。早些时候，我们报道过参议员乔·曼钦还没有给出他的最终签名。显然，他并不孤单：彭博刚刚报道说，另一位温和派民主党人、蒙大拿州的乔恩·特斯还没有同意该法案。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1140ET):</b>Following comments from a team of Goldman analysts who warned in a note to clients published this morning that the Democrats' new spending plan (and the tax hikes they say will accompany it) is a \"downside risk to our fiscal assumptions\". Since centrist Democrats likely won't accept more than $1.5 trillion in additional taxes, \"this would likely amount to less than the $3 trillion in additional spending we have been assuming.\"</p><p><blockquote><b>更新（1140ET）：</b>高盛分析师团队在今天上午发布的一份给客户的报告中警告称，民主党的新支出计划（以及他们所说的随之而来的增税）是“我们财政假设的下行风险”。由于中间派民主党人可能不会接受超过1.5万亿美元的额外税收，“这可能低于我们一直假设的3万亿美元额外支出。”</blockquote></p><p> They expanded on their view in five points:</p><p><blockquote>他们从五个方面阐述了自己的观点：</blockquote></p><p> <ol> <li>The outlines of the Senate's budget resolution have emerged. Senate Majority Leader Schumer has announced that Democrats on the Senate Budget Committee have agreed to a top line spending increase of $3.5 trillion. In a separate comment, Sen. Warner, who sits on the committee, told reporters the resolution would be \"fully paid for\", i.e., that it would not increase the deficit.</li> <li>If the resolution does not provide for an increase in the deficit, the spending increase might be limited to however much new revenue can be agreed to. The resolution only sets the upper limit on the spending increase that Democrats can pass using the reconciliation process; if a smaller set of tax increases is all that can win support, the spending increase might need to be dialed back. This is an area where the details of the resolution matter and at this point the details are still very unclear.</li> <li>It is very unlikely that congressional Democrats will raise taxes by $3.5 trillion over ten years, we believe. Our expectation has been that congressional Democrats might be able to agree on tax increases worth around $1.5 trillion over ten years. This would include a 25% corporate rate and a 28% long-term capital gains rate, among other changes.</li> <li>This is an opening bid and likely to change. Centrist Democrats like Sen. Manchin and Sinema are not on the Budget Committee and are not part of this agreement. We would expect further changes to the proposed resolution—including a lower spending total—before they sign on. That process will play out over the next few days. Assuming an agreement this week, the Senate Budget Committee could potentially pass the resolution next week, setting up a Senate vote in late July or early August. That would set the stage for the Senate to begin work on the detailed reconciliation bill, which is unlikely to pass until Q4 and possibly not until very late in the year.</li> <li>The $579bn bipartisan infrastructure package is not directly related to the emerging budget resolution, but faces similar issues. While a bipartisan group has agreed with the White House to boost spending by $579bn, the policies they propose to pay for the package are unlikely to generate nearly enough in budgetary savings. The most likely outcome, we think, is for the bill's authors to scale back the spending boost.</li> </ol> Now, the Washington Post is reporting more details from the plan, they more or less confirmed what we said below - namely, that while negotiators have signed off on the package, the leadership still needs to make sure all 50 Democratic senators support the plan.</p><p><blockquote><ol><li>参议院预算决议的轮廓已经浮出水面。参议院多数党领袖舒默宣布，参议院预算委员会的民主党人已同意将最高支出增加3.5万亿美元。在另一份评论中，该委员会成员参议员华纳告诉记者，该决议将“全额支付”，即不会增加赤字。</li><li>如果决议没有规定增加赤字，支出的增加可能会被限制在可以同意的新收入的范围内。该决议仅设定了民主党人利用和解程序可以通过的支出增长上限；如果一系列较小的增税措施就能赢得支持，那么支出增长可能需要减少。这是一个决议细节很重要的领域，在这一点上，细节仍然非常不清楚。</li><li>我们认为，国会民主党人不太可能在十年内增税3.5万亿美元。我们的预期是，国会民主党人可能能够就十年内价值约1.5万亿美元的增税达成一致。这将包括25%的公司利率和28%的长期资本收益率等变化。</li><li>这是开标，可能会发生变化。像参议员曼钦和西内马这样的中间派民主党人不在预算委员会，也不是这项协议的一部分。我们预计在他们签署之前会对拟议的决议进行进一步修改，包括降低总支出。这一过程将在未来几天内结束。假设本周达成协议，参议院预算委员会可能会在下周通过该决议，并在7月底或8月初进行参议院投票。这将为参议院开始制定详细的和解法案奠定基础，该法案不太可能在第四季度之前获得通过，也可能要到今年年底。</li><li>5790亿美元的两党基础设施一揽子计划与新出现的预算决议没有直接关系，但面临着类似的问题。尽管一个两党团体已与白宫达成协议，将支出增加5790亿美元，但他们提出的为该计划买单的政策不太可能带来足够的预算节省。我们认为，最有可能的结果是该法案的作者缩减支出增长。</li></ol>现在，《华盛顿邮报》报道了该计划的更多细节，他们或多或少证实了我们下面所说的——即，虽然谈判代表已经签署了该计划，但领导层仍需要确保所有50名民主党参议员都支持该计划。</blockquote></p><p> Senate Democratic negotiators agreed on the framework Tuesday evening but they still must win the endorsement of all 50 members to pass the measure through their chamber in a process known as budget reconciliation TheWaPo reportalso included some new details about the Democrats' tax plans, which mostly focus on compliance.</p><p><blockquote>参议院民主党谈判代表周二晚上就该框架达成一致，但他们仍必须赢得所有50名议员的支持，才能在众议院通过该措施，这一过程被称为预算协调。WAPO报告还包括有关民主党税收计划的一些新细节，其中主要集中在合规性上。</blockquote></p><p></p><p> <ul> <li>To pay for these changes, Congressional Democrats are pursuing a slew of tax hikes on the rich and corporations, as well as major changes to the IRS to close the “tax gap” — the difference between what taxpayers owe and what they pay. Other major new sources of revenue include raising the top marginal tax rate, increasing the corporate tax rate, and changes to the international tax system, among other potential measures, the people said.</li> <li>The specifics of these programs are expected to be written by Democratic lawmakers on the Senate Finance Committee and House Ways and Means Committee. Lawmakers extensively discussed including new bank reporting requirements, the four people said, which would require major financial institutions to send reams of data to the IRS to help the tax agency identify tax evasion and fraud. But it was unclear if that would be included in the agreement.</li> <li>Some Congressional Democrats believe stepping up IRS enforcement help collect as much as $1 trillion in uncollected taxes, although many tax experts are skeptical about the extent of savings that would materialize from the plan. The IRS changes were pushed in negotiations by Sen. Mark R. Warner (D-Va.), two of the people said. Warner told reporters on Tuesday the package would be paid for.</li> </ul> There have also been whispers that capital gains tax hikes might also be in play. Perhaps that's why stocks slipped ahead of Powell's testimony.</p><p><blockquote><ul><li>为了支付这些变化，国会民主党人正在寻求对富人和企业进行一系列增税，并对国税局进行重大改革，以缩小“税收差距”——纳税人所欠与所付之间的差异。知情人士称，其他主要的新收入来源包括提高最高边际税率、提高企业税率、改变国际税收体系等潜在措施。</li><li>这些计划的细节预计将由参议院财政委员会和众议院筹款委员会的民主党议员撰写。四位人士表示，立法者广泛讨论了新的银行报告要求，这将要求主要金融机构向国税局发送大量数据，以帮助税务机构识别逃税和欺诈行为。但尚不清楚这是否会包含在协议中。</li><li>一些国会民主党人认为，加强国税局的执法有助于征收多达1万亿美元的未征收税款，尽管许多税务专家对该计划将实现的节省程度持怀疑态度。两位知情人士说，国税局的改革是由弗吉尼亚州民主党参议员马克·R·华纳（Mark R.Warner）在谈判中推动的。华纳周二告诉记者，该计划将得到支付。</li></ul>也有传言称资本利得税上调也可能在起作用。也许这就是鲍威尔作证前股市下跌的原因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/712a5c0f564109f7a24d9f646c240888\" tg-width=\"512\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1120ET):</b>The Democratic Congressional leadership celebrated their 'victory' in striking an intra-party deal to try and pass a $3.5 trillion \"human infrastructure\" bill last night, but Sen. Joe Manchin made clear on Wednesday morning that while the deal has won the support of the leadership and the Democrats' progressive left flank, it's not exactly a done deal - since Manchin hasn't actually read the thing yet.</p><p><blockquote><b>更新（1120ET）：</b>民主党国会领导层庆祝他们昨晚达成党内协议的“胜利”，试图通过一项3.5万亿美元的“人类基础设施”法案，但参议员乔·曼钦(Joe Manchin)周三上午明确表示，虽然该协议赢得了领导层和民主党进步左翼的支持，但这并不完全是板上钉钉的事情——因为曼钦还没有真正读过这本书。</blockquote></p><p> Speaking to reporters in the Capitol on Wednesday, the West Virginia Sen. and critical swing vote said he's open to the deal, which would be entirely paid for by tax hike offsets.</p><p><blockquote>这位西弗吉尼亚州参议员和关键摇摆投票周三在国会大厦对记者表示，他对该协议持开放态度，该协议将完全通过增税抵消来支付。</blockquote></p><p> Notice, according to the quote below, Manchin merely stated that he's \"open\" to the deal - not exactly a ringing endorsement. It's just the latest example of eager Democratic leaders jumping the gun to try and please their party's new 'leader', President Biden. It's becoming increasingly clear that the leadership hasn't quite finished whipping the votes.</p><p><blockquote>请注意，根据下面的引用，曼钦只是表示他对这笔交易“持开放态度”——并不完全是一个响亮的认可。这只是急切的民主党领导人操之过急，试图取悦他们党的新“领导人”拜登总统的最新例子。越来越明显的是，领导层还没有完全赢得选票。</blockquote></p><p> \"I heard about it this morning or late last night from my staff,” Manchin told reporters on Tuesday. “So, we’re anxious to basically review it. They worked hard on it, we want to see it. Also, I’ve been very clear that I want to see the pay-fors and make sure that whatever we do is globally competitive.\"</p><p><blockquote>曼钦周二告诉记者：“我今天早上或昨晚深夜从我的员工那里听说了这件事。所以，我们急于基本上审查它。他们努力工作，我们希望看到它。此外，我已经非常明确地表示，我希望看到回报，并确保我们所做的一切都具有全球竞争力。”</blockquote></p><p> \"I’m open to looking at everything they provide. OK? They’re going to have to provide all the information that’s going to be needed,” he added. “They worked hard, they should have a proposal.”</p><p><blockquote>“我愿意考虑他们提供的一切。好吗？他们必须提供所有需要的信息，”他补充道。“他们努力工作，他们应该有一个提议。”</blockquote></p><p> But that didn't stop media outlets likethe Hillfrom celebrating Manchin's comment as some kind of commitment, while others pointed out that he has very clearly not yet committed to backing the deal.</p><p><blockquote>但这并没有阻止《国会山报》等媒体将曼钦的评论视为某种承诺，而其他人则指出，他显然尚未承诺支持该交易。</blockquote></p><p> According to Manchin, he hasn't even read it yet.</p><p><blockquote>据曼钦说，他甚至还没有读过。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.</p><p><blockquote>在拜登政府及其国会盟友泄露拜登总统由两部分组成的大规模“重建得更好”基础设施计划的第一个细节几个月后，参议院民主党领袖查克·舒默刚刚宣布，民主党已团结起来支持3.5万亿美元的“基础设施”支出计划，他们现在可以使用特殊预算规则通过该计划，使他们能够绕过阻挠。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3739b1c2464b9ee3412161ca0481a0a\" tg-width=\"500\" tg-height=\"314\" referrerpolicy=\"no-referrer\">In a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.</p><p><blockquote>舒默在周二深夜的一份声明中表示，预算委员会已达成协议，为一项支出计划拨款3.5万亿美元，以完成拜登总统的基础设施计划。</blockquote></p><p> \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers. The deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.</p><p><blockquote>“预算委员会已经达成协议，”参议员舒默周二晚上在与民主党议员举行闭门会议后告诉记者。该协议是拜登与共和党达成的6000亿美元一揽子基础设施措施的补充。</blockquote></p><p></p><p> \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\" The package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.</p><p><blockquote>舒默说：“再加上两党计划中的6000亿美元，就会达到4.1万亿美元，这非常非常接近拜登总统向我们提出的要求。”“拜登总统要求我们实施的每一个重大项目都得到了充足的资助。”该计划将包括“基础设施”优先事项，如扩大医疗保险、应对气候变化、扩大儿童保育（在政府刚刚批准为有孩子的夫妇提供300美元的新施舍后）和教育。众所周知，民主党人认为所有这些都是“人类基础设施”，而共和党人发誓要拒绝这一点。</blockquote></p><p> Democrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.</p><p><blockquote>多数党领袖在闭门会议后表示，民主党人将于周三会见拜登。</blockquote></p><p> \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said Previously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.</p><p><blockquote>舒默表示：“我们对这项计划感到非常自豪。我们知道我们还有很长的路要走。为了让普通美国人的生活变得更好，我们将完成这项工作。”此前，舒默曾承诺在参议院八月份休会之前就这两项立法进行投票，这相当于一个相当激进的时间表，特别是因为现在民主党正在推进更大的数万亿美元一揽子计划，一些共和党人可能会重新考虑他们对早期措施的支持。</blockquote></p><p> To be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.</p><p><blockquote>需要明确的是，拜登达成的两党协议授权在八年内总共支出1.2万亿美元。与此同时，通过民主党专用法案所需的预算决议将需要更多的操作。</blockquote></p><p> Senate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.</p><p><blockquote>参议院民主党人希望最早在下周将两党基础设施法案提交议会，尽管谈判代表警告说这是一个雄心勃勃的步伐。民主党人周二晚上没有透露他们何时准备好将预算决议提交议会。为了在参议院通过预算决议和随后的3至5万亿美元基础设施法案，民主党需要所有50名议员的完全团结。民主党人周二晚上拒绝透露他们是否得到了统一的支持。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Key Moderate Dems Not Yet On Board With $3.5 Trillion Spending Package<blockquote>主要温和派民主党尚未接受3.5万亿美元的支出计划</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKey Moderate Dems Not Yet On Board With $3.5 Trillion Spending Package<blockquote>主要温和派民主党尚未接受3.5万亿美元的支出计划</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-15 08:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Update (1530ET)</b>: Earlier, WaPo reported that some of the proposed taxes to offset the Biden Administration's $3.5 trillion \"human infrastructure\" plan, might have a climate component. Hours, later CNBC, Bloomberg and others are reporting that the plan might include a carbon border tax, essentially a tariff that would apply to \"carbon-intensive\" imports. The plan would punish countries with weaker climate policies.</p><p><blockquote><b>更新（1530ET）</b>：早些时候，WaPo报道称，抵消拜登政府3.5万亿美元“人类基础设施”计划的一些拟议税收可能含有气候成分。几个小时后，美国消费者新闻与商业频道、彭博社和其他媒体报道称，该计划可能包括碳边境税，本质上是一种适用于“碳密集型”进口的关税。该计划将惩罚气候政策较弱的国家。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1310ET):</b>As it turns out, Manchin isn't the only moderate Dem who is still undecided on the $3.5 trillion \"human infrastructure\" package that Dems are trying to pass using budget rules to push it through on a party-line vote.</p><p><blockquote><b>更新（1310ET）：</b>事实证明，曼钦并不是唯一一个对3.5万亿美元的“人力基础设施”一揽子计划犹豫不决的温和派民主党人，民主党人正试图利用预算规则在党派投票中推动该计划通过。</blockquote></p><p> Still, to accomplish this, they need all 50 Dems in the Senate on board. Earlier, we reported that Sen. Joe Manchin hadn't yet given his final sign-off. And apparently, he's not alone: Bloomberg just reported that Jon Tester of Montana, another Moderate Dem, is not yet on board with the bill.</p><p><blockquote>尽管如此，为了实现这一目标，他们需要参议院所有50名民主党人都加入进来。早些时候，我们报道过参议员乔·曼钦还没有给出他的最终签名。显然，他并不孤单：彭博刚刚报道说，另一位温和派民主党人、蒙大拿州的乔恩·特斯还没有同意该法案。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1140ET):</b>Following comments from a team of Goldman analysts who warned in a note to clients published this morning that the Democrats' new spending plan (and the tax hikes they say will accompany it) is a \"downside risk to our fiscal assumptions\". Since centrist Democrats likely won't accept more than $1.5 trillion in additional taxes, \"this would likely amount to less than the $3 trillion in additional spending we have been assuming.\"</p><p><blockquote><b>更新（1140ET）：</b>高盛分析师团队在今天上午发布的一份给客户的报告中警告称，民主党的新支出计划（以及他们所说的随之而来的增税）是“我们财政假设的下行风险”。由于中间派民主党人可能不会接受超过1.5万亿美元的额外税收，“这可能低于我们一直假设的3万亿美元额外支出。”</blockquote></p><p> They expanded on their view in five points:</p><p><blockquote>他们从五个方面阐述了自己的观点：</blockquote></p><p> <ol> <li>The outlines of the Senate's budget resolution have emerged. Senate Majority Leader Schumer has announced that Democrats on the Senate Budget Committee have agreed to a top line spending increase of $3.5 trillion. In a separate comment, Sen. Warner, who sits on the committee, told reporters the resolution would be \"fully paid for\", i.e., that it would not increase the deficit.</li> <li>If the resolution does not provide for an increase in the deficit, the spending increase might be limited to however much new revenue can be agreed to. The resolution only sets the upper limit on the spending increase that Democrats can pass using the reconciliation process; if a smaller set of tax increases is all that can win support, the spending increase might need to be dialed back. This is an area where the details of the resolution matter and at this point the details are still very unclear.</li> <li>It is very unlikely that congressional Democrats will raise taxes by $3.5 trillion over ten years, we believe. Our expectation has been that congressional Democrats might be able to agree on tax increases worth around $1.5 trillion over ten years. This would include a 25% corporate rate and a 28% long-term capital gains rate, among other changes.</li> <li>This is an opening bid and likely to change. Centrist Democrats like Sen. Manchin and Sinema are not on the Budget Committee and are not part of this agreement. We would expect further changes to the proposed resolution—including a lower spending total—before they sign on. That process will play out over the next few days. Assuming an agreement this week, the Senate Budget Committee could potentially pass the resolution next week, setting up a Senate vote in late July or early August. That would set the stage for the Senate to begin work on the detailed reconciliation bill, which is unlikely to pass until Q4 and possibly not until very late in the year.</li> <li>The $579bn bipartisan infrastructure package is not directly related to the emerging budget resolution, but faces similar issues. While a bipartisan group has agreed with the White House to boost spending by $579bn, the policies they propose to pay for the package are unlikely to generate nearly enough in budgetary savings. The most likely outcome, we think, is for the bill's authors to scale back the spending boost.</li> </ol> Now, the Washington Post is reporting more details from the plan, they more or less confirmed what we said below - namely, that while negotiators have signed off on the package, the leadership still needs to make sure all 50 Democratic senators support the plan.</p><p><blockquote><ol><li>参议院预算决议的轮廓已经浮出水面。参议院多数党领袖舒默宣布，参议院预算委员会的民主党人已同意将最高支出增加3.5万亿美元。在另一份评论中，该委员会成员参议员华纳告诉记者，该决议将“全额支付”，即不会增加赤字。</li><li>如果决议没有规定增加赤字，支出的增加可能会被限制在可以同意的新收入的范围内。该决议仅设定了民主党人利用和解程序可以通过的支出增长上限；如果一系列较小的增税措施就能赢得支持，那么支出增长可能需要减少。这是一个决议细节很重要的领域，在这一点上，细节仍然非常不清楚。</li><li>我们认为，国会民主党人不太可能在十年内增税3.5万亿美元。我们的预期是，国会民主党人可能能够就十年内价值约1.5万亿美元的增税达成一致。这将包括25%的公司利率和28%的长期资本收益率等变化。</li><li>这是开标，可能会发生变化。像参议员曼钦和西内马这样的中间派民主党人不在预算委员会，也不是这项协议的一部分。我们预计在他们签署之前会对拟议的决议进行进一步修改，包括降低总支出。这一过程将在未来几天内结束。假设本周达成协议，参议院预算委员会可能会在下周通过该决议，并在7月底或8月初进行参议院投票。这将为参议院开始制定详细的和解法案奠定基础，该法案不太可能在第四季度之前获得通过，也可能要到今年年底。</li><li>5790亿美元的两党基础设施一揽子计划与新出现的预算决议没有直接关系，但面临着类似的问题。尽管一个两党团体已与白宫达成协议，将支出增加5790亿美元，但他们提出的为该计划买单的政策不太可能带来足够的预算节省。我们认为，最有可能的结果是该法案的作者缩减支出增长。</li></ol>现在，《华盛顿邮报》报道了该计划的更多细节，他们或多或少证实了我们下面所说的——即，虽然谈判代表已经签署了该计划，但领导层仍需要确保所有50名民主党参议员都支持该计划。</blockquote></p><p> Senate Democratic negotiators agreed on the framework Tuesday evening but they still must win the endorsement of all 50 members to pass the measure through their chamber in a process known as budget reconciliation TheWaPo reportalso included some new details about the Democrats' tax plans, which mostly focus on compliance.</p><p><blockquote>参议院民主党谈判代表周二晚上就该框架达成一致，但他们仍必须赢得所有50名议员的支持，才能在众议院通过该措施，这一过程被称为预算协调。WAPO报告还包括有关民主党税收计划的一些新细节，其中主要集中在合规性上。</blockquote></p><p></p><p> <ul> <li>To pay for these changes, Congressional Democrats are pursuing a slew of tax hikes on the rich and corporations, as well as major changes to the IRS to close the “tax gap” — the difference between what taxpayers owe and what they pay. Other major new sources of revenue include raising the top marginal tax rate, increasing the corporate tax rate, and changes to the international tax system, among other potential measures, the people said.</li> <li>The specifics of these programs are expected to be written by Democratic lawmakers on the Senate Finance Committee and House Ways and Means Committee. Lawmakers extensively discussed including new bank reporting requirements, the four people said, which would require major financial institutions to send reams of data to the IRS to help the tax agency identify tax evasion and fraud. But it was unclear if that would be included in the agreement.</li> <li>Some Congressional Democrats believe stepping up IRS enforcement help collect as much as $1 trillion in uncollected taxes, although many tax experts are skeptical about the extent of savings that would materialize from the plan. The IRS changes were pushed in negotiations by Sen. Mark R. Warner (D-Va.), two of the people said. Warner told reporters on Tuesday the package would be paid for.</li> </ul> There have also been whispers that capital gains tax hikes might also be in play. Perhaps that's why stocks slipped ahead of Powell's testimony.</p><p><blockquote><ul><li>为了支付这些变化，国会民主党人正在寻求对富人和企业进行一系列增税，并对国税局进行重大改革，以缩小“税收差距”——纳税人所欠与所付之间的差异。知情人士称，其他主要的新收入来源包括提高最高边际税率、提高企业税率、改变国际税收体系等潜在措施。</li><li>这些计划的细节预计将由参议院财政委员会和众议院筹款委员会的民主党议员撰写。四位人士表示，立法者广泛讨论了新的银行报告要求，这将要求主要金融机构向国税局发送大量数据，以帮助税务机构识别逃税和欺诈行为。但尚不清楚这是否会包含在协议中。</li><li>一些国会民主党人认为，加强国税局的执法有助于征收多达1万亿美元的未征收税款，尽管许多税务专家对该计划将实现的节省程度持怀疑态度。两位知情人士说，国税局的改革是由弗吉尼亚州民主党参议员马克·R·华纳（Mark R.Warner）在谈判中推动的。华纳周二告诉记者，该计划将得到支付。</li></ul>也有传言称资本利得税上调也可能在起作用。也许这就是鲍威尔作证前股市下跌的原因。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/712a5c0f564109f7a24d9f646c240888\" tg-width=\"512\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> <b>Update (1120ET):</b>The Democratic Congressional leadership celebrated their 'victory' in striking an intra-party deal to try and pass a $3.5 trillion \"human infrastructure\" bill last night, but Sen. Joe Manchin made clear on Wednesday morning that while the deal has won the support of the leadership and the Democrats' progressive left flank, it's not exactly a done deal - since Manchin hasn't actually read the thing yet.</p><p><blockquote><b>更新（1120ET）：</b>民主党国会领导层庆祝他们昨晚达成党内协议的“胜利”，试图通过一项3.5万亿美元的“人类基础设施”法案，但参议员乔·曼钦(Joe Manchin)周三上午明确表示，虽然该协议赢得了领导层和民主党进步左翼的支持，但这并不完全是板上钉钉的事情——因为曼钦还没有真正读过这本书。</blockquote></p><p> Speaking to reporters in the Capitol on Wednesday, the West Virginia Sen. and critical swing vote said he's open to the deal, which would be entirely paid for by tax hike offsets.</p><p><blockquote>这位西弗吉尼亚州参议员和关键摇摆投票周三在国会大厦对记者表示，他对该协议持开放态度，该协议将完全通过增税抵消来支付。</blockquote></p><p> Notice, according to the quote below, Manchin merely stated that he's \"open\" to the deal - not exactly a ringing endorsement. It's just the latest example of eager Democratic leaders jumping the gun to try and please their party's new 'leader', President Biden. It's becoming increasingly clear that the leadership hasn't quite finished whipping the votes.</p><p><blockquote>请注意，根据下面的引用，曼钦只是表示他对这笔交易“持开放态度”——并不完全是一个响亮的认可。这只是急切的民主党领导人操之过急，试图取悦他们党的新“领导人”拜登总统的最新例子。越来越明显的是，领导层还没有完全赢得选票。</blockquote></p><p> \"I heard about it this morning or late last night from my staff,” Manchin told reporters on Tuesday. “So, we’re anxious to basically review it. They worked hard on it, we want to see it. Also, I’ve been very clear that I want to see the pay-fors and make sure that whatever we do is globally competitive.\"</p><p><blockquote>曼钦周二告诉记者：“我今天早上或昨晚深夜从我的员工那里听说了这件事。所以，我们急于基本上审查它。他们努力工作，我们希望看到它。此外，我已经非常明确地表示，我希望看到回报，并确保我们所做的一切都具有全球竞争力。”</blockquote></p><p> \"I’m open to looking at everything they provide. OK? They’re going to have to provide all the information that’s going to be needed,” he added. “They worked hard, they should have a proposal.”</p><p><blockquote>“我愿意考虑他们提供的一切。好吗？他们必须提供所有需要的信息，”他补充道。“他们努力工作，他们应该有一个提议。”</blockquote></p><p> But that didn't stop media outlets likethe Hillfrom celebrating Manchin's comment as some kind of commitment, while others pointed out that he has very clearly not yet committed to backing the deal.</p><p><blockquote>但这并没有阻止《国会山报》等媒体将曼钦的评论视为某种承诺，而其他人则指出，他显然尚未承诺支持该交易。</blockquote></p><p> According to Manchin, he hasn't even read it yet.</p><p><blockquote>据曼钦说，他甚至还没有读过。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.</p><p><blockquote>在拜登政府及其国会盟友泄露拜登总统由两部分组成的大规模“重建得更好”基础设施计划的第一个细节几个月后，参议院民主党领袖查克·舒默刚刚宣布，民主党已团结起来支持3.5万亿美元的“基础设施”支出计划，他们现在可以使用特殊预算规则通过该计划，使他们能够绕过阻挠。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f3739b1c2464b9ee3412161ca0481a0a\" tg-width=\"500\" tg-height=\"314\" referrerpolicy=\"no-referrer\">In a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.</p><p><blockquote>舒默在周二深夜的一份声明中表示，预算委员会已达成协议，为一项支出计划拨款3.5万亿美元，以完成拜登总统的基础设施计划。</blockquote></p><p> \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers. The deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.</p><p><blockquote>“预算委员会已经达成协议，”参议员舒默周二晚上在与民主党议员举行闭门会议后告诉记者。该协议是拜登与共和党达成的6000亿美元一揽子基础设施措施的补充。</blockquote></p><p></p><p> \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\" The package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.</p><p><blockquote>舒默说：“再加上两党计划中的6000亿美元，就会达到4.1万亿美元，这非常非常接近拜登总统向我们提出的要求。”“拜登总统要求我们实施的每一个重大项目都得到了充足的资助。”该计划将包括“基础设施”优先事项，如扩大医疗保险、应对气候变化、扩大儿童保育（在政府刚刚批准为有孩子的夫妇提供300美元的新施舍后）和教育。众所周知，民主党人认为所有这些都是“人类基础设施”，而共和党人发誓要拒绝这一点。</blockquote></p><p> Democrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.</p><p><blockquote>多数党领袖在闭门会议后表示，民主党人将于周三会见拜登。</blockquote></p><p> \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said Previously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.</p><p><blockquote>舒默表示：“我们对这项计划感到非常自豪。我们知道我们还有很长的路要走。为了让普通美国人的生活变得更好，我们将完成这项工作。”此前，舒默曾承诺在参议院八月份休会之前就这两项立法进行投票，这相当于一个相当激进的时间表，特别是因为现在民主党正在推进更大的数万亿美元一揽子计划，一些共和党人可能会重新考虑他们对早期措施的支持。</blockquote></p><p> To be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.</p><p><blockquote>需要明确的是，拜登达成的两党协议授权在八年内总共支出1.2万亿美元。与此同时，通过民主党专用法案所需的预算决议将需要更多的操作。</blockquote></p><p> Senate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.</p><p><blockquote>参议院民主党人希望最早在下周将两党基础设施法案提交议会，尽管谈判代表警告说这是一个雄心勃勃的步伐。民主党人周二晚上没有透露他们何时准备好将预算决议提交议会。为了在参议院通过预算决议和随后的3至5万亿美元基础设施法案，民主党需要所有50名议员的完全团结。民主党人周二晚上拒绝透露他们是否得到了统一的支持。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188807077","content_text":"Update (1530ET): Earlier, WaPo reported that some of the proposed taxes to offset the Biden Administration's $3.5 trillion \"human infrastructure\" plan, might have a climate component. Hours, later CNBC, Bloomberg and others are reporting that the plan might include a carbon border tax, essentially a tariff that would apply to \"carbon-intensive\" imports. The plan would punish countries with weaker climate policies.\n* * *\nUpdate (1310ET):As it turns out, Manchin isn't the only moderate Dem who is still undecided on the $3.5 trillion \"human infrastructure\" package that Dems are trying to pass using budget rules to push it through on a party-line vote.\nStill, to accomplish this, they need all 50 Dems in the Senate on board. Earlier, we reported that Sen. Joe Manchin hadn't yet given his final sign-off. And apparently, he's not alone: Bloomberg just reported that Jon Tester of Montana, another Moderate Dem, is not yet on board with the bill.\n* * *\nUpdate (1140ET):Following comments from a team of Goldman analysts who warned in a note to clients published this morning that the Democrats' new spending plan (and the tax hikes they say will accompany it) is a \"downside risk to our fiscal assumptions\". Since centrist Democrats likely won't accept more than $1.5 trillion in additional taxes, \"this would likely amount to less than the $3 trillion in additional spending we have been assuming.\"\nThey expanded on their view in five points:\n\nThe outlines of the Senate's budget resolution have emerged. Senate Majority Leader Schumer has announced that Democrats on the Senate Budget Committee have agreed to a top line spending increase of $3.5 trillion. In a separate comment, Sen. Warner, who sits on the committee, told reporters the resolution would be \"fully paid for\", i.e., that it would not increase the deficit.\nIf the resolution does not provide for an increase in the deficit, the spending increase might be limited to however much new revenue can be agreed to. The resolution only sets the upper limit on the spending increase that Democrats can pass using the reconciliation process; if a smaller set of tax increases is all that can win support, the spending increase might need to be dialed back. This is an area where the details of the resolution matter and at this point the details are still very unclear.\nIt is very unlikely that congressional Democrats will raise taxes by $3.5 trillion over ten years, we believe. Our expectation has been that congressional Democrats might be able to agree on tax increases worth around $1.5 trillion over ten years. This would include a 25% corporate rate and a 28% long-term capital gains rate, among other changes.\nThis is an opening bid and likely to change. Centrist Democrats like Sen. Manchin and Sinema are not on the Budget Committee and are not part of this agreement. We would expect further changes to the proposed resolution—including a lower spending total—before they sign on. That process will play out over the next few days. Assuming an agreement this week, the Senate Budget Committee could potentially pass the resolution next week, setting up a Senate vote in late July or early August. That would set the stage for the Senate to begin work on the detailed reconciliation bill, which is unlikely to pass until Q4 and possibly not until very late in the year.\nThe $579bn bipartisan infrastructure package is not directly related to the emerging budget resolution, but faces similar issues. While a bipartisan group has agreed with the White House to boost spending by $579bn, the policies they propose to pay for the package are unlikely to generate nearly enough in budgetary savings. The most likely outcome, we think, is for the bill's authors to scale back the spending boost.\n\nNow, the Washington Post is reporting more details from the plan, they more or less confirmed what we said below - namely, that while negotiators have signed off on the package, the leadership still needs to make sure all 50 Democratic senators support the plan.\n\n Senate Democratic negotiators agreed on the framework Tuesday evening but they still must win the endorsement of all 50 members to pass the measure through their chamber in a process known as budget reconciliation\n\nTheWaPo reportalso included some new details about the Democrats' tax plans, which mostly focus on compliance.\n\nTo pay for these changes, Congressional Democrats are pursuing a slew of tax hikes on the rich and corporations, as well as major changes to the IRS to close the “tax gap” — the difference between what taxpayers owe and what they pay. Other major new sources of revenue include raising the top marginal tax rate, increasing the corporate tax rate, and changes to the international tax system, among other potential measures, the people said.\nThe specifics of these programs are expected to be written by Democratic lawmakers on the Senate Finance Committee and House Ways and Means Committee. Lawmakers extensively discussed including new bank reporting requirements, the four people said, which would require major financial institutions to send reams of data to the IRS to help the tax agency identify tax evasion and fraud. But it was unclear if that would be included in the agreement.\nSome Congressional Democrats believe stepping up IRS enforcement help collect as much as $1 trillion in uncollected taxes, although many tax experts are skeptical about the extent of savings that would materialize from the plan. The IRS changes were pushed in negotiations by Sen. Mark R. Warner (D-Va.), two of the people said. Warner told reporters on Tuesday the package would be paid for.\n\nThere have also been whispers that capital gains tax hikes might also be in play. Perhaps that's why stocks slipped ahead of Powell's testimony.\n\n* * *\nUpdate (1120ET):The Democratic Congressional leadership celebrated their 'victory' in striking an intra-party deal to try and pass a $3.5 trillion \"human infrastructure\" bill last night, but Sen. Joe Manchin made clear on Wednesday morning that while the deal has won the support of the leadership and the Democrats' progressive left flank, it's not exactly a done deal - since Manchin hasn't actually read the thing yet.\nSpeaking to reporters in the Capitol on Wednesday, the West Virginia Sen. and critical swing vote said he's open to the deal, which would be entirely paid for by tax hike offsets.\nNotice, according to the quote below, Manchin merely stated that he's \"open\" to the deal - not exactly a ringing endorsement. It's just the latest example of eager Democratic leaders jumping the gun to try and please their party's new 'leader', President Biden. It's becoming increasingly clear that the leadership hasn't quite finished whipping the votes.\n\"I heard about it this morning or late last night from my staff,” Manchin told reporters on Tuesday. “So, we’re anxious to basically review it. They worked hard on it, we want to see it. Also, I’ve been very clear that I want to see the pay-fors and make sure that whatever we do is globally competitive.\"\n\"I’m open to looking at everything they provide. OK? They’re going to have to provide all the information that’s going to be needed,” he added. “They worked hard, they should have a proposal.”\nBut that didn't stop media outlets likethe Hillfrom celebrating Manchin's comment as some kind of commitment, while others pointed out that he has very clearly not yet committed to backing the deal.\nAccording to Manchin, he hasn't even read it yet.\n* * *\nMonths after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.\nIn a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.\n\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n\nThe deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.\n\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n\nThe package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.\nDemocrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.\n\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n\nPreviously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.\nTo be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.\nSenate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":338,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/144499576"}
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