Jonathan Chait: “So we’re stuck. It’s not just that Republicans are creating a clever logic game to rule out a popular Biden proposal. They are genuinely unable to put together a big infrastructure bill. President Trump was extremely eager to sign such a bill, but Republicans in Congress foundered on the question of how to pay for it, and they also wouldn’t pay for it with deficit spending…”
“If Republicans weren’t able to figure out a way around this problem under Trump, the prospect of Joe Biden signing a huge popular bill is not going to incentivize them.”
“If anything could bring them to the table, it’s Democrats threatening to finance the bill by taxing rich people, then allowing Republicans to negotiate that away (and being willing to accept debt financing rather than harming one hair on the heads of the precious, fragile job creators.)”
“In the meantime, they’re going to oppose any infrastructure bill that’s paid for, and any bill that isn’t.”
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