“Over a 15-year period, the total revenue for these one-time investments would increase,” he said. “By the 16th year, this package would actually help reduce the deficit.”
Buttigieg added that his vision for the plan would improve the country’s infrastructure ranking, which is currently ranked 13th among other nations according to other countries Statista. (Singapore is the first country; the US lies between the United Arab Emirates and Belgium.)
“America will be much more competitive economically by 2035,” he said. “We will be stronger in relation to the world’s elite because of the research and development investment that is being made here. And we will be on the right track to avoid climate catastrophe due to regulations on things like electric vehicles.”
When asked if Biden would still sign the measure if it didn’t pay for itself, Buttigieg said the decision was “above my pay grade”.
“What I’m going to say is that we have a great proposal on how to do this that is accountable and keeps the American economy competitive,” he said. “But if there are other ideas, now is a good time to hear them.”
Buttigieg also said the president wants to make the plan a bipartisan effort even if Republicans push back the price of the plan. For example, Senator Roger Wicker (R-Miss.) Said on Meet the Press that he was in favor of improving infrastructure, but added, “I don’t want to do this by raising taxes and cutting jobs for Americans.”
“Well, the president really believes in a bipartisan approach, and that’s one of the reasons I have constant conversations with members of Congress on both sides of the aisle to brainstorm,” Buttigieg said. “But the president also has a clear vision and, as he said, this must be done.”