The most expensive collection of provisions have to do with the bill’s Green Energy section, which would extend or expand a number of energy tax credits as well as allow green energy publicly traded partnerships the same benefits of existing publicly traded partnerships for fossil fuels. The CBO says the Green Energy package would cost $124 billion over 10 years.
Housing provisions, mainly involving expansions for the low-income housing tax credit, would cost $86.7 billion over 10 years.
Meanwhile, a mix of tax provisions, including federally subsidized infrastructure bonds, along the lines of Build America Bonds, and a large expansion in tax-exempt private activity bonds, would increase revenues by $23.5 billion.
On Tuesday, House Transportation and Infrastructure Chairman Peter A. DeFazio, D-Ore., took umbrage at Republicans who criticized the bill for not paying for the additional spending, saying they had falsely claimed the previous highway law would be paid for. Instead, he said, they borrowed from general revenue to pay for it.
“It’s an investment,” he said.
"House" - Google News
July 01, 2020 at 08:40AM
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House to vote Wednesday on massive infrastructure bill - Roll Call
"House" - Google News
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