The weeks of negotiations and compromise on the bipartisan infrastructure deal resulted in some relatively minor changes to the original framework — and some rather large ones to the proposed financing.
The agreement announced Wednesday provides for $550 billion in additional federal spending over five years, some $29 billion less than the original deal. It includes less money for public transit and clean energy than Democrats had wanted, removes plans for a $20 billion “infrastructure bank” and strips out the $40 billion in increased funding for the Internal Revenue Service that negotiators had originally included as a way to raise about $100 billion in revenue by boosting collection of unpaid taxes.
The final plan also differs significantly from the nearly $2.3 trillion plan President Biden originally proposed in March (or $2.6 trillion including tax credits). The New York Times has an excellent interactive graphic detailing how and where Biden’s original proposal shrank. “There were six major areas in Mr. Biden’s original infrastructure proposal: transportation, utilities, pollution, innovation, in-home care and buildings,” The Times notes. “Almost all these areas were scaled back or eliminated in the bipartisan plan, with one exception: pollution cleanup.”
The image above doesn’t do it justice, so check out the full interactive graphic by Aatish Bhatia and Quoctrung Bui at the Times.