Bipartisan Infrastructure FrameworkJune 30, 2021
NSBA was pleased to see President Biden standing with lawmakers from both sides of the aisle to announce a bipartisan framework to move the ball forward on a broad infrastructure bill. Infrastructure improvements are critical to the continued growth and success of America’s small businesses, and NSBA calls on all lawmakers to ensure the final bill includes opportunities for small businesses, bolsters their ability to compete globally, and avoids creating new or inadvertent burdens on the recovering small business economy.
The framework outlined is a $579 billion package and includes the following:
- $66 billion for rail projects
- $49 billion for public transit
- $109 billion in road and bridge projects
- $201 billion in water, sewer, power and environmental remediation projects
- $65 billion for broadband infrastructure
- $47 billion “down payment” to fight climate change
- Excludes much of Biden’s American Families Plan
- Maintains the Tax Cuts and Jobs Act tax cuts passed under the previous administration
- Eliminates new gas tax proposals
- Funds for IRS to reduce tax evasion and increase revenue
- Cuts in unemployment benefits
- Selling public infrastructure to private companies
- Extends expiring user fees
Negotiators are expected to start drafting the legislation over the two week 4th of July recess. Click here for a more detailed list of the framework.
“Infrastructure improvements hold untold opportunities for small businesses, both in access to customers and services, but also in terms of helping to make those improvements through the federal contracting process,” stated NSBA President and CEO Todd McCracken. “It is important to underscore this framework as a bipartisan win—one of NSBA’s top priorities is political reform and closing the partisan gap—and while there are still many details to iron-out, the good-faith negotiations should serve as an example of how policy can and should be made.”
Click here for more on NSBA’s priorities for infrastructure legislation.
Click here to view NSBA’s Checklist for the American Jobs Plan.
Click here to view NSBA’s Checklist for the American Jobs Plan Pay-Fors Checklist.