1

Reading this article, there is a line saying,

“I think what you’re going to see is the administration is going to put a pay-for on the table for at least some and maybe all of the infrastructure plan,” said Sen. Tim Kaine, D-Va. “If Team Biden makes a proposal, I’m sure we’ll make adjustments, but that’s a good way to start.”

Does that mean, considering the previous line, which says,

Aides suggest his proposals might not be entirely paid for, with some one-time spending increases offset by increased federal borrowing.

Would that possibly mean Biden administration might need to issue bonds (borrowing)?

12
  • not refering to the language, but every single adminstration has issued bonds since ... long long ago. – James K Mar 28 at 20:16
  • @JamesK I know, lol but it seems reading the article Biden administration aka Democrats squeeze the entire or some of the spending by hiking the tax on very minority riches. – Kentaro Mar 28 at 20:20
  • @Lambie Thanks and thank you for the answer :) in advance. – Kentaro Mar 28 at 20:22
  • ha ha, very minority riches. You mean they should squeeze the rich for being too rich by making them pay their fair share of taxes. – Lambie Mar 28 at 20:25
  • @Lambie I'm not saying that. Democrats you elected is saying that. And I feel it's a good time. Especially Sanders and Elizabeth Wallen are hard on this. – Kentaro Mar 28 at 20:27
1

I don't believe "a pay-for" is common English usage. Perhaps it is jargon or shorthand used by politicians involved in the budgeting process.

I think your interpretation is correct, considering the previous sentence: Senator Kaine is saying he believes the administration will have a plan to pay for most of the projects they are proposing (by way of increased taxes or other such fundraising measures). But the planned spending will not be covered (paid for) entirely, so the government will have to borrow money to make up the difference.

1
  • Yes, "cover" will be clearer. Thank you. – Kentaro Mar 29 at 0:26

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.