After the breakthrough and shocking defeat of the ‘Green New Deal’ in the House on Wednesday, Speaker Nancy Pelosi (D-CA) decided to go big for her first big vote as Speaker, proposing to pass a new infrastructure bill on Thursday. The legislation, called ‘America’s Infrastructure Act,’ has cleared the House Appropriations Committee and its sponsorship calls for it to cost $1.5 trillion, which covers both government construction and repairs as well as private sector financing.
The large public and private investment is where Pelosi will run into resistance, however. The bill has been criticized as using accounting tricks by leading Republican Congressional staffers and experts.
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The House is aiming to vote on the infrastructure bill before the new Congress is sworn in in January.