The Biden Admin Wants To Spend $1.6 Trillion Before November. It's Easier Said Than Done.
Brian Lehrer: A Daily Politics Podcast
WNYC Studios
4.4 • 676 Ratings
🗓️ 9 May 2024
⏱️ 23 minutes
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| 0:00.0 | from WNYC studios. I'm Brian Lehrer. This is my daily politics podcast. It's Thursday, May 9th. |
| 0:15.0 | On President Biden's list of things to do before election day, spend a trillion dollars. That's the conclusion of a |
| 0:23.7 | major new package of stories from Politico that they describe as Biden's race to Trump-proof |
| 0:29.2 | his legacy. See, the money has already been approved by Congress in four major areas, |
| 0:34.7 | infrastructure, climate, competing with China for high-tech job creation and what's |
| 0:40.5 | left of the Pandemic Relief Act. But the fear is that Trump might just decide not to spend the |
| 0:46.3 | money even if it's there and signed into law. Let's discuss with us now, two of the reporters on |
| 0:51.5 | this story, Jesse Blazer, data reporter at Politico, who's got |
| 0:56.0 | some of these very big numbers, and Ben Storo, reporter at Politico's E&E News, that's Energy and Environment |
| 1:02.3 | News. It's an area on his beat. It's that area on his beat where a lot of this lives. Jesse and |
| 1:09.7 | Ben, thanks for coming on. Welcome to WNYC. |
| 1:12.7 | Thank you so much for having us, Brian. Glad to be here. You've got a top line number, Jesse, |
| 1:17.6 | of $1.6 trillion in money approved by Congress. That's about a trillion in direct spending and the |
| 1:25.3 | other half a trillion on targeted tax breaks, how would |
| 1:28.1 | you start to describe what those eye-popping and mind-numbing numbers are for? |
| 1:34.0 | Yeah, great question. A couple things to know about all of those numbers. There's, like you mentioned, |
| 1:38.9 | four main areas and four main laws that are contributing to that total sum. And like you |
| 1:43.4 | mentioned, a lot of that is wrapped up in tax credits, which is a whole other |
| 1:46.7 | area of discussion about how to track how those are used. |
| 1:49.7 | But what we did in this analysis was look at the climate and infrastructure investments under |
| 1:54.0 | that pandemic relief bill, the American Rescue Plan, the bipartisan infrastructure law, |
| 1:58.8 | inflation reduction act, and chips. |
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