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Biden鈥檚 Proposed $2 Trillion Infrastructure Plan: What鈥檚 Included? | Sunday TODAY - YouTube
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fresh off the passage last month of
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nearly two trillion dollars worth of
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covet relief
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the biden administration this week
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announced an even bigger plan
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the proposed new legislation would spend
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more than two trillion dollars
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to modernize the country's aging
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infrastructure
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and do much more the president calls the
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plan a once in a generation investment
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in america
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republicans say it's too expensive nbc's
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vaughn hilliard digs into the details
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in our sunday focus
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it's the promise decades unfulfilled
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we'll build back
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better with modern roads bridges
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highways
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broadband ports and airports an
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acknowledgment of what's apparent in
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neighborhoods across the country
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aging leaking water pipes unstable dams
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and tunnels more than 40 percent of
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public roadways in poor
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or mediocre condition more than half of
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public schools
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in need of renovations and nearly half
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of the country
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with no access to public transit
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this week president biden laying out a
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two
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trillion dollar proposal to rebuild
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america
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it's big yes it's bold yes
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and we can get it done his plan
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100 billion to modernize the power grid
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and avoid blackouts
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like this winter in texas 100 billion
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to expand broadband access to all
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americans
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another 100 billion to upgrade and build
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new public schools
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then there's 621 billion for
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transportation infrastructure
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that money for bridges like this one
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here in west virginia
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one of more than 45 000 bridges
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designated as structurally deficient
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and in poor condition by the federal
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government problems so big local
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and state governments just can't afford
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to fix them
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we're in the water we're not just
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drowning we just don't need president
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biden to pass us a life raft
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we're under water we need him to send in
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a submarine
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the plan also looking beyond repairs and
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upgrades
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to the future with ambitious green
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initiatives
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to tackle climate change including tax
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credits to make it easier for americans
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to buy american-made electric vehicles
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and funding
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for five hundred thousand new charging
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stations
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the package also an investment in the
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creation of jobs
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in manufacturing alone more than five
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hundred thousand americans
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employed before this pandemic have still
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not returned to work
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the president hopes to help pay for the
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sweeping plan with a
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28 percent corporate tax rate and
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increase republican leadership
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immediately push back on i think that
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package
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that they're putting together now as
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much as we would like
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to address infrastructure is not going
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to get
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support from our side as i look
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on bonneville dam today at the height of
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the great depression
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president franklin delano roosevelt's
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new deal signing off on a cache of new
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government programs
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and public work projects america has not
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invested in a mass infrastructure effort
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like this in nearly a century now after
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campaigning in 2020 on unity
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biden's administration pleading with
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republicans
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to negotiate this deal we're probably
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the third administration in a row
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to arrive with the american people
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expecting big things on infrastructure
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i think this time we can actually get it
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done and vaughn hilliard joins me now
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live vaughn good morning good to see you
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as you point out in the piece many
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republicans agree the country's
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infrastructure does need attention
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but they oppose this plan almost across
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the board so what are their specific
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objections here
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hey good morning willie that's right
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progressive democrats say this plan
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doesn't go far enough
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they're calling for trillions more in
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investments but
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as for republicans well not a single one
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has stepped forward to offer their
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support yet
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the party's senate leader mitch
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mcconnell calling this a trojan horse
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for democratic tax hike and in fact
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biden does propose an increase
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in the corporate tax rate to help pay
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for this plan but the attention will
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largely focus in on
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democrats with narrow majorities in the
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house and the senate
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they could pass this if every democratic
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member gets on board they could pass
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this without any republican support
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much like they did this last month on
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that covet relief package
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willy what joe biden does not want on
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this plan
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or in the years to come though is
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stalemate speaker nancy pelosi
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intends to have this passed by july 4th
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willie it could be another party-line
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vote seems to be the way
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business is done in washington these
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days vaughn hilliard at the capitol
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vaughn thanks so much
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