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Biden Unveils New Details Of $2.2T Infrastructure Plan | Morning Joe | MSNBC - YouTube

Channel: MSNBC

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as jonathan lemire just mentioned the

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biden administration has just unveiled

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new details of its infrastructure plan

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the update comes ahead of the

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president's trip to pittsburgh today to

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promote the more than two trillion

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dollar economic package

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included in that figure is money

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allotted for transportation

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infrastructure such as roads bridges

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and highways also investing in broadband

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clean water

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the electric grid and affordable housing

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money will also go to promoting the

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health

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care workforce and manufacturing the

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plan would be spread out over an

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eight-year period and raise the

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corporate tax rate for

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15 years from 21 to 28 percent

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the plan does not include an increase in

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capital gains taxes

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an administration official tells nbc

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news that the white house has already

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started to reach out to democrats and

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republicans on the hill

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this is part one of biden's build back

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better agenda as the administration aims

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to push through another initiative

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focused on health care and other social

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welfare programs so yamiche even though

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joe biden's going to try to pay for part

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of this by

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taxing corporations uh trying to pull

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back on some of the

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the tax cuts that donald trump gave to

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the wealthiest americans and the biggest

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corporations in america and had

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amazon ending up paying zero in taxes

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income taxes last year

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um the republicans obviously are going

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to start pushing back

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does joe biden does the biden team

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expect this to be once again

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a democratic only bill as far as yes

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votes go

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white house officials as now are saying

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that they want this to be a bipartisan

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bill

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they're saying that infrastructure

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should be a bipartisan

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um initiative they've been they are

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detailing as you just put up a number of

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the things that they want to use this

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money for roads

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bridges they really want to invest in

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the structure of this country

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and this is they say it's going to

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really benefit not just

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democratic districts of course but

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republican districts and americans

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all over this country have heard for the

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last four years another administration

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the previous administration talked about

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infrastructure week

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in some ways as a sort of distraction

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from all of the different things that

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were going on

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um during the former trump

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administration and now here they are

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with a robust infrastructure bill saying

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republicans you should be able to get on

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board

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that being said this is still of course

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a very polarized washington

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um republicans have not seemingly wanted

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to to talk very much

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to this administration about getting

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things through congress a lot of that is

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because we're already in some ways

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in this 2022 cycle where republicans are

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eyeing trying to

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wrestle back control of the senate and

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maybe even control of the house so i

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think it's

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it's still very very iffy whether or not

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republicans will actually get on board

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with this

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you already see majority leader chuck

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schumer trying to get a second

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reconciliation bill

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through the senate trying to figure out

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what are the ways the democrats

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can do things by going it alone that

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being said i think you're going to at

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least

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see what we saw last time with the biden

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administration and that is trying to

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reach out to republicans

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possibly bringing them into the white

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house to talk to have very public

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conversations about how

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to get republicans on board but i also

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suspect that if republicans

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once again don't want to get on board

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that president biden and

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the white house will try to go it alone

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and say again that republicans are being

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obstructionists and of course

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republicans will say that this will

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probably be too bloated and it's too

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filled with democratic goals yeah

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jake sherman um i think

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the last time uh any republicans voted

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for tax increases in congress

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probably uh you'd have to go back to

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george h.w bush's

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uh budget deal which some of the

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conservatives bolted from then of course

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bill clinton raised taxes in 93.

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no republicans voted for those taxes and

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they took control of congress the next

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year for the first time in 40 years uh

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i just don't i don't see republicans

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voting for any tax increases that

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doesn't mean that's the right position

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to take doesn't mean that

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maybe uh some of those trump tax cuts

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that went to the

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super wealthy uh should be clawed back

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but uh do you do you hear of any

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republicans considering

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voting for an infrastructure bill uh

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that raises taxes on anybody

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no there's literally no chance that any

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republicans are gonna vote for this

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um and that's fine there's nothing wrong

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with the

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the white house going it alone but we

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need to be honest here about what's

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gonna happen they're gonna play the game

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um and there's nothing wrong with this

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game again but they're going to reach

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out to republicans

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um and they're going to try to get them

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on board but republicans are going to

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have the binary of helping a president

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of the other party

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with a two and a half trillion dollar

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package or running against tax increases

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in 2022 when they're almost certain

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based on history to win back the house

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of representatives

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so i don't anticipate one republican

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will vote for this

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in the in the house and almost certainly

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not in the senate either listen

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the democrats are taking the position at

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this point um

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there's two ways to govern when you have

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all three branches of government you

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could try to preserve the majorities you

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have

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or you could use the majorities who have

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to do big things democrats are doing the

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latter and what we

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lead at the top of punchbowl news this

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morning is that nancy pelosi in a

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private

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uh leader uh conference call the other

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day with her caucus

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said she wanted this bill done by july

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4th in the house of representatives

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that's

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92 days from now and just six

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legislative weeks away

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so she's very she's taking a very

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aggressive stance here and i think

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you're gonna have to um uh we're gonna

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have to see how this plays out but this

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is joe

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the next six you know four to six months

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of our life this kind of big legislative

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package which

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is being compared by the white house to

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the space race

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that's the ambition that they see here

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and i just want to make one note

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on the tax and spend side this spends

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money over eight years

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but pays for it over 15 years so that

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means that

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if uh those taxes are eventually

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repealed

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um you know it we just go into further

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deficit so it just

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a lot of moving pieces here and this is

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just the plan the congress has not

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weighed in on this yet

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yeah and willie um we've been

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talking about republicans looking

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through the lens of barack obama's

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presidency through the lens of 2009

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and past that tea party lens

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you know saying no to absolutely

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everything thinking that's enough

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um they already said no to 1400 stimulus

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checks to americans they already said no

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to a bill that had 75 support among

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americans again

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i think they they're they're looking

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back at the 2009

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2010 model i personally think that's a

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mistake

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and i think republicans may be repeating

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the same mistake here where democrats

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are are going back and they're going to

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go after

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going after some of those trump tax cuts

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that

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were disproportionately targeted at the

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richest americans the biggest

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corporations

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uh and uh i'm not so sure

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that campaigning to protect the richest

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americans the biggest multinational

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corporations corporations that pay

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zero percent income tax every year i

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just don't see that as a winner for the

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republican party and i'm not sure they

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don't keep doubling down on a bad

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strategy yeah and they voted almost

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unanimously against

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the previous stimulus the 1.9 trillion

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dollar coven stimulus

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despite the fact that it was 70 to 75

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percent popular in the country

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and jake i just want to ask you quickly

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about reconciliation how many times

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can democrats go back to this well if

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they want to push forward

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they got the 1.9 trillion dollars

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through with reconciliation

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if they want to do another 2 trillion

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dollars of infrastructure through

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can they just keep pushing through

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reconciliation or is there a max and how

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often they can do this

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the quick answer is yes and no there is

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a max it's typically

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they have one more shot at this uh chuck

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chambers trying to give them two shots

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don't know if that's gonna work uh just

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really quickly i see all of these this

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infrastructure stuff coming in one big

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bill at the

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end of uh september so i think we're

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concentrating on how many packages are

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going to move

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i imagine everything's going to move in

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one package toward the end of the third

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quarter of the year

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hey thanks so much for watching our

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youtube channel you can follow up on

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today's

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