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WALLACE: The president says that this bill is paid for with $2 trillion in increased corporate taxes. But you pay for eight years of spending with 15 years of taxes and, Brian, this is -- as you well know, this is a classic Washington gimmick because when you're paying for eight years of spending with 15 years of taxes, the fact is the Biden administration will be long gone and a new president will be in and a new Congress will be in, and often times, they repeal those tax increases.
DEESE: I think it's just the opposite. This is a capital investment. What we're talking about with the infrastructure plan is a one-time eight-year capital investment. And just like any good business or even family would make a capital investment, you make that up front and then you pay for it over time.What we're saying is we would pay for it over a 15-year period and in fact, it's fiscally responsible over the long term because we would actually reduce debt after that 15-year period as well. We get that we're going to have a conversation about how we need to pay for this investment and other investments. The president laid out his plan.One thing was very clear on this week is he would like to hear other people's ideas. If people think that this is too aggressive, then we'd like to hear with their plans are. It's something we want to have a conversation about. But this is a responsible way to pay for significant capital investment which itself will return multiples in terms of the private investment it will unlock.We'll see analysts from across the spectrum saying that we make investments in things like our ports and airports. We'll unleash significant private investment as well. We think it's a reasonable thing to pay for that across time but you don't have to do it year for year.
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