Dem Rep. Beyer: Dems Will Use ‘Reconciliation’ to Pass Biden’s Infrastructure Bill If GOP Opposes It

BALLASY They were talking ░░░░░░░░ a vehicle mile travel ░░░░░░░░ the VMT It looks ░░░░░░░░ they kind of walked ░░░░░░░░ that idea Was that ░░░░░░░░ you supported as a ░░░░░░░░ mechanism for the plan ░░░░░░░░ plan BEYER There are ░░░░░░░░ taxes than VMT VMT ░░░░░░░░ the advantage of being ░░░░░░░░ it has the disadvantage ░░░░░░░░ a lot of the ░░░░░░░░ details are not yet ░░░░░░░░ out and there are ░░░░░░░░ privacy concerns No one ░░░░░░░░ wants federal government to ░░░░░░░░ where you are at ░░░░░░░░ given time But it ░░░░░░░░ much more sense than ░░░░░░░░ gas tax which is ░░░░░░░░ irrelevant as Volvo and ░░░░░░░░ Motors and others all ░░░░░░░░ to electric cars What ░░░░░░░░ more sense is carbon ░░░░░░░░ whether it s a ░░░░░░░░ gallon per barrel tax ░░░░░░░░ something that s done ░░░░░░░░ the point of origin ░░░░░░░░ there are other low ░░░░░░░░ fruits so we could ░░░░░░░░ the corporate income tax ░░░░░░░░ 27 or lift the ░░░░░░░░ on the top 1 ░░░░░░░░ 37 back to 39 ░░░░░░░░ or get rid of ░░░░░░░░ interest There s a ░░░░░░░░ of ways we can ░░░░░░░░ it And the interest ░░░░░░░░ are so low there ░░░░░░░░ no reason not to ░░░░░░░░ debt for some part ░░░░░░░░ it BALLASY Do you ░░░░░░░░ it should be fully ░░░░░░░░ for the full plan ░░░░░░░░ I would personally personally ░░░░░░░░ that it was fully ░░░░░░░░ for but I m ░░░░░░░░ going to insist on ░░░░░░░░ If we can get ░░░░░░░░ half paid for that ░░░░░░░░ a huge step forward ░░░░░░░░ there will be folks ░░░░░░░░ make the modern monetary ░░░░░░░░ argument that with interest ░░░░░░░░ so low and very ░░░░░░░░ inflationary pressure you could ░░░░░░░░ borrow the whole thing ░░░░░░░░ think that d be ░░░░░░░░ not the wisest thing ░░░░░░░░ do right now BALLASY ░░░░░░░░ the 2 trillion that ░░░░░░░░ spent on the Rescue ░░░░░░░░ BEYER Yeah inaudible what ░░░░░░░░ that has if any ░░░░░░░░ far you know Chairman ░░░░░░░░ and Secretary Yellen they ░░░░░░░░ to have serious concerns ░░░░░░░░ it But I think ░░░░░░░░ there s when you ░░░░░░░░ it the effective corporate ░░░░░░░░ rate last year was ░░░░░░░░ 8 percent For that ░░░░░░░░ top 1 percent had ░░░░░░░░ net worth increase of ░░░░░░░░ trillion in 2020 while ░░░░░░░░ re losing 550 000 ░░░░░░░░ Just the if we ░░░░░░░░ took the increase and ░░░░░░░░ the very rich were ░░░░░░░░ we could very easily ░░░░░░░░ for all this So ░░░░░░░░ can afford it we ░░░░░░░░ have to have the ░░░░░░░░ will to get the ░░░░░░░░ or inaudible New York ░░░░░░░░ editorial seven or eight ░░░░░░░░ ago about the amount ░░░░░░░░ appropriately due business income ░░░░░░░░ that are unpaid because ░░░░░░░░ income has hit just ░░░░░░░░ down on that with ░░░░░░░░ like 1 6 trillion ░░░░░░░░ year BALLASY Well they ░░░░░░░░ talking about doing reconciliation ░░░░░░░░ Again on this do ░░░░░░░░ think that s a ░░░░░░░░ maneuver for the Democrats ░░░░░░░░ know because Biden has ░░░░░░░░ talking about unity they ░░░░░░░░ it once with the ░░░░░░░░ Act the Rescue Plan ░░░░░░░░ you think they should ░░░░░░░░ that on infrastructure and ░░░░░░░░ through with that BEYER ░░░░░░░░ think all of us ░░░░░░░░ the President and Secretary ░░░░░░░░ would prefer to have ░░░░░░░░ be bipartisan you know ░░░░░░░░ least 10 Republican senators ░░░░░░░░ there will be many ░░░░░░░░ good things in there ░░░░░░░░ the constituents of our ░░░░░░░░ officeholders But we re ░░░░░░░░ going to not do ░░░░░░░░ because they won t ░░░░░░░░ along But they ll ░░░░░░░░ invited to be part ░░░░░░░░ it influence it help ░░░░░░░░ it But at the ░░░░░░░░ of the day if ░░░░░░░░ re going to say ░░░░░░░░ then we will proceed ░░░░░░░░ the reconciliation BALLASY It ░░░░░░░░ be tough to get ░░░░░░░░ Republicans on board with ░░░░░░░░ increases if that s ░░░░░░░░ s going to be ░░░░░░░░ to fund it BEYER ░░░░░░░░ we ll see what ░░░░░░░░ President says tomorrow I ░░░░░░░░ t know if he ░░░░░░░░ definitively whether one package ░░░░░░░░ two or even three ░░░░░░░░ you break it into ░░░░░░░░ you might be able ░░░░░░░░ get a bipartisan package ░░░░░░░░ a reconciliation package I ░░░░░░░░ t know It depends ░░░░░░░░ what what the President ░░░░░░░░ is best strategically BALLASY ░░░░░░░░ you saw too right ░░░░░░░░ they re talking about ░░░░░░░░ 000 being the threshold ░░░░░░░░ the taxes that they ░░░░░░░░ doing but then it ░░░░░░░░ the same for families ░░░░░░░░ the same amount individuals ░░░░░░░░ families Do you think ░░░░░░░░ they should have a ░░░░░░░░ threshold for individual income ░░░░░░░░ families for tax increases ░░░░░░░░ I don t really ░░░░░░░░ an informed opinion on ░░░░░░░░ This hits into the ░░░░░░░░ marriage penalty stuff that ░░░░░░░░ going on forever and ░░░░░░░░ I mean Katie Porter ░░░░░░░░ California is making the ░░░░░░░░ right now that she ░░░░░░░░ a single mother of ░░░░░░░░ Why does she only ░░░░░░░░ one economic EPI check ░░░░░░░░ if she had a ░░░░░░░░ they d get two ░░░░░░░░ three children still need ░░░░░░░░ same amount of money ░░░░░░░░ she s getting penalized ░░░░░░░░ it BALLASY Is she ░░░░░░░░ a bill on it ░░░░░░░░ is she just talking ░░░░░░░░ it BEYER She talked ░░░░░░░░ it I think she ░░░░░░░░ got a bill too ░░░░░░░░ s tough You know ░░░░░░░░ the argument too is ░░░░░░░░ 400 000 it could ░░░░░░░░ been 250 000 or ░░░░░░░░ 000 or 200 000 ░░░░░░░░ you re still you ░░░░░░░░ you re inaudible relatively ░░░░░░░░ families that are in ░░░░░░░░ category BALLASY We ll ░░░░░░░░ what happens BEYER Yeah ░░░░░░░░ Tomorrow is the big ░░░░░░░░ BEYER I know BALLASY ░░░░░░░░ think it s going ░░░░░░░░ be 3 trillion You ░░░░░░░░ it could be higher ░░░░░░░░ full infrastructure plan BEYER ░░░░░░░░ instinct and I haven ░░░░░░░░ heard it is between ░░░░░░░░ and 4 I mean ░░░░░░░░ Joe Manchin says it ░░░░░░░░ go as high as ░░░░░░░░ trillion I think you ░░░░░░░░ that seriously BALLASY It ░░░░░░░░ the largest in history ░░░░░░░░ It should be the ░░░░░░░░ in history As Pete ░░░░░░░░ you know we ve ░░░░░░░░ this unique moment where ░░░░░░░░ need is great the ░░░░░░░░ is there the votes ░░░░░░░░ there and we can ░░░░░░░░ it You know it ░░░░░░░░ be another 10 years ░░░░░░░░ another 100 years before ░░░░░░░░ get this kind of ░░░░░░░░