The Democratic reconciliation bill includes dozens of new and expanded tax credits for businesses and other special interests.

Here at Cato we’ve written many times about the record of big infrastructure projects and “megaprojects”:

The Democrats have moved their huge tax‐​and‐​spend reconciliation bill through the House, and it now heads to the Senate. The bill includes large tax increases on businesses, investment, and high‐​earning individuals.

The recently passed infrastructure bill includes $36 billion for “federal‐​state partnerships for intercity passenger rail grants.”

The proposed $2.4 trillion reconciliation bill includes $80 billion for increased Internal Revenue Service (IRS) funding.

The only good thing about the infrastructure bill that Congress just passed is that it doesn’t include any money for high‐​speed rail.

President Biden and congressional leaders are searching for ways to raise $2 trillion to fund proposed spending increases.

The infrastructure and entitlement bills pending on Capitol Hill are bad for many reasons.

President Biden has released a framework for his Build Back Better plan, which he hopes will gain the support of Democrats in the House and Senate.

While the Biden administration’s proposed spending plan is being reduced from the initial—enormous—figure of $3.5 trillion, we could still be facing $1.75 trillion in new spending.