Sen. Barrasso: Biden using infrastructure to pass Green New Deal
Wyoming Republican discusses the president’s plan to expand the size of government on ‘Kudlow’
Progressive Democrats are leaning on President Biden to dramatically increase the size of his next big-ticket economic spending bill, unveiling on Monday a new bill that would invest $10 trillion in renewable energy, green infrastructure and climate justice initiatives over the next decade.
The measure, known as the Transform, Heal and Renew by Investing in a Vibrant Economy (THRIVE) Act, aims to make a series of sweeping changes to the nation's infrastructure and echoes many aspects of the Green New Deal, including establishing a goal of 100% zero-carbon electricity by 2035, zero emissions from new buildings by 2025 and expanding clean public transit options to most Americans by 2030.
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It also focuses heavily on racial inequality, directing at least 40% of federal government investments to communities that have been "excluded, oppressed and harmed by racist unjust practices," including communities of color and low-income neighborhoods.
“We are facing a series of intersecting crises: climate change, a public health pandemic, racial injustice and economic inequality,” Sen. Ed Markey, D-Mass., said during a news conference. “We can’t defeat any of these crises alone. We must develop a roadmap for recovery that addresses them all.”
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The bill, which will be formally introduced in April, comes one day before Biden will unveil details of his own infrastructure proposal, which is expected to cost somewhere between $3 and $4 trillion.
Specific details of the measure are still unknown, but it's widely expected to tackle a slew of issues, including infrastructure, climate change, domestic manufacturing and education.