About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “McCarthy Says Democrats Must Define Infrastructure to Get Bipartisan Bill” – below is their description.
House Minority Leader Kevin McCarthy says he’s all for a bipartisan infrastructure bill, but first Democrats need to define what that means.
“The first thing we need to do, instead of talking about how much money you would spend, define what infrastructure is – roads, bridges, highways, broadband, electric cars, we can do all that,” said McCarthy on Capitol Hill Wednesday.
“We also need to reform NEPA, so we so we don’t wait a decade to build the roads and bridges that have the desire to be fixed right now.”
Democrats are eyeing a $6 trillion infrastructure investment plan that goes far beyond roads and bridges to include core party priorities, from lowering the Medicare eligibility age to 60 and adding dental, vision and hearing benefits to incorporating a long-running effort to provide legal status for certain immigrants, including “Dreamers.”
Half of the total in the $6 trillion plan is expected to be paid for, largely with President Joe Biden’s proposed taxes on corporations and those earning more than $400,000.
But Republicans say they don’t want to raise corporate taxes.
Biden is hoping for a deal with Republicans who are resisting his big ideas and trimming the potential spending, but he also is trying to assure Democrats that he will not leave behind their main priorities.Bloomberg Quicktake: Now YouTube Channel
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