Open thread July 13, 2021 Dan Crawford | July 13, 2021 8:39 am Tags: open thread Comments (7) | Digg Facebook Twitter |
Having posts disappear again.
Lawmakers Grapple With Nagging Infrastructure Detail: How to Pay for It
NY Times – July 13
WASHINGTON — Republican supporters of a bipartisan infrastructure deal, rushing to lay the groundwork for a Senate vote as early as next week, have found themselves hung up on a familiar issue: how to pay for the hundreds of billions of dollars in new spending.
As lawmakers toil to turn a broad infrastructure outline into detailed legislation, the problem of the so-called pay-fors — which has plagued the bipartisan group behind the framework from the start — has only become thornier. Now, they are bracing for the Congressional Budget Office, the nonpartisan congressional scorekeeper, to rule that the revenue increases they agreed to in June will not add up to enough money to cover the nearly $600 billion for roads, bridges, rail and broadband included in their plan.
Making their job even tougher, conservative groups have begun a pressure campaign to scuttle a key revenue-raiser: a crackdown on tax cheats by the Internal Revenue Service that proponents say could produce as much as $100 billion to help pay for the plan. …