Biden highlights economic benefits of infrastructure package in memo

Biden Announces 'We Have a Deal' , on Bipartisan Infrastructure Plan.President Joe Biden made the announcement on June 24 following a breakthrough in bipartisan negotiations that occurred the evening before.President Joe Biden made the announcement on June 24 following a breakthrough in bipartisan negotiations that occurred the evening before.Bipartisan deals mean compromise, President Joe Biden, via CNN.Biden was clear that the deal that was reached involved concessions on both sides.We all agree that none of us got all we wanted. I clearly didn't get all I wanted; they gave more than I think maybe what they were planning to give in the first place, President Joe Biden, via CNN.But this reminds me of the days when we used to get an awful lot done up in the United States Congress, President Joe Biden, via CNN.The president was also adamant that he was not turning his back on sections of his own infrastructure plan that are not included in the deal.If this is the only thing that comes to me, I'm not signing it. It's in tandem, President Joe Biden, via CNN.For me, investment in our physical and human infrastructure (are) inextricably intertwined. Both make us better off and stronger, President Joe Biden, via CNN.While several significant steps remain to assure that an infrastructure bill arrives on Biden's desk for a signature.the bipartisan deal is viewed as important momentum toward the legislation passing both houses of Congress

President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing the $973 billion would include the largest investment in transportation in nearly a century and millions of jobs would be created.

White House officials issued an internal memo highlighting the impact on jobs and growth ahead of Biden leaving Tuesday for Wisconsin to make his case directly to voters. The memo, obtained by The Associated Press, notes that the total is four times the size of the infrastructure investment made a dozen years ago in response to the Great Recession and the biggest infrastructure package since Franklin Roosevelt's New Deal.

It also emphasizes an analysis suggesting that 90% of the jobs generated by the spending could go to workers without college degrees, a key shift as a majority of net job gains before the pandemic went to college graduates.

“This is a blue-collar blueprint to rebuild America,” the memo says.

Potential economic gains were a shared incentive for the group of Democratic and Republican senators who agreed to the deal on Thursday. But the process briefly fell into disarray as Biden suggested the deal would be held up until he also received a separate package for infrastructure, jobs and education that would be determined solely by Democrats through the budget reconciliation process.

Biden said Saturday that this was not a veto threat.

But Senate Republican Leader Mitch McConnell on Monday questioned the legislative process behind the agreement. He said Biden should also pressure Democratic congressional leaders to let the bipartisan arrangement pass without mandating that the much larger and broader follow-up bill be in place.

Unless Democratic Senate leader Chuck Schumer and House Speaker Nancy Pelosi "walk back their threats that they will refuse to send the president a bipartisan infrastructure bill unless they also separately pass trillions of dollars for unrelated tax hikes, wasteful spending, and Green New Deal socialism, then President Biden’s walk-back of his veto threat would be a hollow gesture," McConnell said in a statement.

The prospect of additional economic gains might be a way to garner public support and soothe partisan tensions. Biden also faces pressure from Democrats such as New York Rep. Alexandria Ocasio-Cortez, who told NBC's “Meet the Press” that the spending isn't as huge as it might seem because the sums are spread out over multiple years.

The eight-page White House memo comes from Brian Deese, director of the National Economic Council, and senior adviser Anita Dunn. It indicates that the $110 billion for roads and bridges would help relieve traffic and congestion that costs the economy over $160 billion annually. The memo justifies the $48.5 billion planned for public transit by citing studies that link light rail and buses to increased earnings and employment for workers. It defends the $66 billion for repairs and upgrades for rail lines by saying that current delays and disruptions weigh on growth.

The bipartisan agreement also would help nurture the market for electric vehicles, improve broadband access, repair water lines and create resilience against damage from extreme weather events.