Finally, after months of political gamesmanship between progressives and moderates in the Democratic party, the House of Representatives on Nov. 5 passed H.R 3684, the Infrastructure Investment and Jobs Act, which President Joe Biden signed into law this Monday. The Senate passed the bill on Aug. 10, and moderate Democrats in the House had been […]
Every local government in the United States is required to operate under a balanced budget where incoming revenues equal outgoing expenditures. The National League of Cities has referred to these local budget as “political instrument(s)” that governs public policy priorities, funds government services and programs, sets spending limitations and establishes a level of transparency and accountability […]
Anyone who has been following the ongoing saga of President Joe Biden’s domestic agenda in Congress is well aware of the deep divisions between the progressive and moderate wings of the Democratic party on key elements of that agenda. Progressive Democrats in the House of Representatives have been holding up a vote on the $1.2 […]
Even by Washington’s standards, the level of political theater surrounding President Joe Biden’s domestic agenda on infrastructure, climate and expansion of government social spending programs has been extraordinary. The same can be said about the ongoing debate over raising the nation’s debt ceiling, with even more serious implications for the global economy if Congress fails […]
Democrats in Congress are currently debating President Joe Biden’s $3.5 trillion human infrastructure plan which will probably include one of the largest tax increases in generations. Both Republicans and Democrats know that this will be a major issue in next year’s midterm elections, with Republicans expecting it will benefit them politically. While votes taken by […]
While NAIOP has a wide-ranging government affairs agenda, the two hottest areas of focus right now are the bipartisan infrastructure deal, which accounts for $1 trillion in “physical infrastructure,” and the budget reconciliation bill, which allocates $3.5 trillion toward “human infrastructure.” At NAIOP’s I.CON West last week in Long Beach, California, NAIOP Senior Vice President […]
The federal government has provided additional support for state and local governments in response to the COVID-19 pandemic. President Joe Biden signed the American Rescue Plan Act (ARP) into law on March 11, which established the Coronavirus State and Local Fiscal Recovery Funds. The new federal funds provide $350 billion to support state, local, territorial, […]
Increasing tension with the progressive wing of his own party is causing headaches for President Joe Biden and his staff, complicating efforts to get portions of his domestic agenda through Congress. Of late, dissatisfaction with the Senate’s bipartisan infrastructure legislation among many Democrats in the House of Representatives, coupled with a failed effort to extend […]
