Question
Please study the article below (June 2021) and discuss your opinion on $6 trillion for U.S. infrastructure, raising taxes. I.R.S., electric cars pathway and Medicare
Please study the article below (June 2021) and discuss your opinion on$6 trillion for U.S. infrastructure, raising taxes. I.R.S., electric cars pathway and Medicare(you can choose two topics only).
$6 Trillion Plan Amid Talks on Narrower Infrastructure Deal in 2021
Senate Democrats have begun privately weighing a sprawling economic package that could be as large as $6 trillion even as a bipartisan group of senators works to draw support for a much narrower infrastructure plan that would devote $579 billion in new money to fund physical public works projects.
The details of both plans remain in flux, as lawmakers work to maneuver some, if not all, of President Biden's economic agenda. For now, the divergent efforts are proceeding in parallel, with centrist senators in both parties pushing forward on their compromise proposal and Democrats preparing to use the fast-track budget process (reconciliation).
"The truth is both tracks are moving forward very well, and both tracks need each other," said Senator Chuck Schumer of New York, the majority leader. "We want to work with our Republican colleagues on infrastructure where we have common ground, and Democrats believe we have other priorities that the Senate must consider above and beyond a bipartisan infrastructure bill."
The breadth of those priorities became clearer in a meeting Mr. Schumer convened with Democrats on the Budget Committee on Wednesday, where lawmakers discussed taking unilateral action on a package that could be as large as $6 trillion.
Democrats discussed potentially including measures to expand Medicare, including lowering the eligibility age to 60 and expanding benefits for all beneficiaries to cover dental, hearing and vision care.
The group's draft also included ways to finance the plan, including public-private partnerships, repurposing unspent coronavirus relief funds and adjusting user fees for drivers. It also proposed reducing what is known as the "tax gap" by giving the I.R.S. more resources to crack down on wealthy individuals and corporations that are not paying their taxes, something for which the Biden administration has signaled support.
The Treasury Department estimated that giving the I.R.S. $80 billion over a decade would yield $700 billion in additional revenue. The lawmakers are talking about giving the I.R.S. an additional $64 billion over eight years, according to a Senate aide.
The draft also includes adding a surcharge for electric vehicles, which some states have employed to make up for declining gas tax revenue. The White House has resisted indexing the gas tax to inflation, as well as other user fees and repurposing funds from the $1.9 trillion pandemic relief plan that became law in March 2021.
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