$225 Billion To Be Spent On National Infrastructure Projects Over The Next 4 Years, page-25

Goldman Sachs had its say on what Biden may do concerning both spending and the mechanics of passing a spending bill. Here's the infrastructure bit:

Will Republicans support an infrastructure program?

Infrastructure looks like the most likely aspect of the Biden agenda to win Republican support, and is also one of the areas where some bipartisan support might be necessary. In light of the constraints the reconciliation process imposes, some aspects of President-elect Biden’s infrastructure proposal—particularly direct government spending on traditional heavy infrastructure areas like highways, transit, airport, water, and sewer projects—are more likely to be addressed through regular order, requiring 60 votes. Republicans are likely to support an increase in spending but are likely to be a constraint on the overall increase in spending in these areas. Goldman expects that Congress will address at least some of these policies when it reauthorizes the surface transportation program, which expires Sep. 30, 2021.

By contrast, congressional Democrats might use tax policy to address other infrastructure and climate-related issues. Doing so would allow them to pass these initiatives through the reconciliation process, circumventing any Republican opposition. The challenge in doing so is that tax incentives are primarily effective in stimulating activity organized by the private sector, while much of the Biden plan, at least during the campaign, appears focused on public-sector activity. While some tax incentives help public-sector investment—tax benefits for municipal bonds lower borrowing costs—the benefits are more limited, particularly when interest rates are already low. Nevertheless, tax incentives could be particularly useful in lowering the cost of building out a 5G network, increasing the number of electric vehicle charging stations, upgrading rail networks, expanding solar and wind generation capacity, and increasing efficiency in commercial and residential propert

Goldman: Here's What Life Under Democrat Control Will Look Like | ZeroHedge

EDE = ESG + Infrastructure + Green = $

(It's a pillar of my investment thesis here.)

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