Its a massive government spending bill on infrastructure, so of course its good. Otherwise Republicans wouldn't have spent so much time attempting to thwart it.
It's not quite that simple though. There are a lot of weasely provisions in there that should not be in there. We have to hope it's good but there are troubling aspects.
"As it stands, the bill would allow for more use of private activity bond financing. Private activity bonds, or PABs, are a key financing tool for so-called “public-private partnerships,” or P3s. P3s are
essentially expensive loans that hand some level of control over roads, water systems, school buildings, and other public infrastructure to corporations and private investors. Meaning, despite the warm and fuzzy name, they’re definitely a form of privatization. Particularly worrying, the bill would also require the use of a problematic procurement tool—called a “value for money” analysis—that’s been causing issues for state and local governments for years.
Senators Rob Portman (R-OH) and Joe Manchin (D-WV)
slipped the requirement for value for money analyses on federally supported transportation loans into the bill in August. Maybe the fact that Manchin has received
more campaign contributions from financial firms than any other industry—including from CBRE, a real estate firm
actively pushing P3s—has something to do with it."
https://www.inthepublicinterest.org...vision-in-the-bipartisan-infrastructure-bill/
"Another item in the bill text is $53 billion that stems in part from states opting to
terminate the pandemic unemployment benefits early in hopes of
pushing the jobless to return to work."
"Biden's original proposal called for raising the corporate income tax rate to 28%, up from the 21% rate set by Republicans' 2017 tax cut act, as well as increasing the minimum tax on US corporations to 21% and calculating it on a country-by-country basis to deter companies from sheltering profits in
international tax havens.
It also would have levied a 15% minimum tax on the income the largest corporations report to investors, known as book income, as opposed to the income reported to the Internal Revenue Service, and would have made it harder for US companies to acquire or merge with a foreign business to avoid paying US taxes by claiming to be a foreign company."
https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
That said, Biden needs to pass something so it probably couldn't be avoided because of Sinema and Manchin.
