Well, it looks like the outcome of a horsetrading deal is starting to assemble. President Trump meeting with Nancy Pelosi, Chuck Schumer et al, to discuss a $2 trillion infrastructure deal. Despite their schemes and plots this is worth watching:
Democrats don’t want the baggage of a tax increase heading into 2020… so Schumer punts the financing of the $2 trillion to President Trump; forcing the White House to deal with the dirty part (likelihood a gas tax increase), while Schumer/Pelosi keep clean hands on the high-brow aspect of beautiful infrastructure. That part is politically predictable.
That said, CTH can see the outline a deal where Democrats exchange votes for President Trump’s trade deals (specifically USMCA); to offset the Wall Street Republicans that will vote against the trade agreements; in return for provisions of an infrastructure deal that will benefit Pelosi/Schumer.
The devil is going to be deep in the details because Democrats will attempt to use any massive spending bill to purchase (and repay) votes and activism from their political constituents, ie. Union Leadership.
(White House) Press Secretary’s Statement on President Trump’s meeting on Infrastructure:
“Today, President Donald J. Trump, Speaker of the House Nancy Pelosi, Senate Minority Leader Chuck Schumer, Senator Richard Durbin, Senator Patty Murray, Senator Debbie Stabenow, Senator Ron Wyden, Senator Tom Carper, House Majority Leader Steny Hoyer, Representative James Clyburn, Representative Ben Ray Lujàn, Representative Richard Neal, and Representative Peter DeFazio had an excellent and productive meeting on rebuilding our Nation’s crumbling infrastructure including roads, highways, bridges, tunnels and railroads, modernizing our air travel system, and expanding broadband access for our great farmers and rural America.
The United States has not come even close to properly investing in infrastructure for many years, foolishly prioritizing the interests of other countries over our own. We have to invest in this country’s future and bring our infrastructure to a level better than it has ever been before. We will have another meeting in three weeks to discuss specific proposals and financing methods.
The President and the Democrat leaders also agreed to a meeting in the near future to discuss prescription drug prices. We look forward to building on this Administration’s success in having lowered drug prices for the first time in 50 years. President Trump feels there is a long way to go – drug prices should be much lower than they are today.
The President looks forward to working together in a bipartisan way and getting things done for the American people.” (link)
Flashback – Three Days after inauguration, January 23, 2017: