Washington Policy Webinar: Infrastructure, Taxes & More-Webinar Recording

Video Transcription

Video Summary

The assistant explains that there is a lot happening in Washington, D.C. with a jam-packed agenda of big-ticket items that both Congress wants to accomplish and things they have to do due to certain deadlines. Firstly, they discuss the Infrastructure Investment and Jobs Act, which is a physical infrastructure bill that invests over $1 trillion in various infrastructure projects, such as roads, bridges, water systems, ports, airports, broadband, and power infrastructure. They also mention the Reconciliation Bill, known as the Build Back Better Act, which includes significant expansions of government programs related to healthcare, education, and climate change. They highlight some tax changes in the bill, including changes to corporate tax rates, interest expense deductions, and international tax rules. They also mention the potential impact on individual tax rates, retirement plans, and the estate tax. The discussion then turns to the upcoming votes on the infrastructure bill and the challenges and divisions within the Democratic Party. The assistant explains that the bipartisan infrastructure bill is likely to pass, but there is uncertainty surrounding the reconciliation bill as there are disagreements on its size and scope. They also mention the upcoming AAD Washington fly-in and encourage members to join and advocate for their industry. The summary concludes with a thank you to the participants and a reminder to stay informed about the rapidly changing political landscape.

Keywords

Washington, D.C.

Infrastructure Investment and Jobs Act

Reconciliation Bill

government programs

tax changes

Democratic Party divisions

bipartisan infrastructure bill

reconciliation bill uncertainty

AAD Washington fly-in

rapidly changing political landscape