I'm guessing they believe that the real estate collapse is a 4d chess move to entrap private equity. I'm also guessing they don't realize the largest real estate developers in China are already state owned entities...
SOE are owned by the state, but they are operated just like any other profit seeking organizations, and thus are not immune to the same problems with private equity we have in the west.
I think the inherent problem with the build back better deal is it's still framed within the neoliberal trickle down economics of post Regan America.
Would it have increased some workers protections and child care, sure. But it would ultimately be a gift to the shareholders and owners of corporations able to tap into the 3 trillion dollars of funding.
Americans are tired of progressive bills that vicariously improve their lives by further bribing the economic class that actually have their boots on our necks.
People are tired of seeing headlines that the American economy is doing fine while they struggle to put food on the table. Nobody cares if your bosses retirement portfolio is breaking records when they have to pull overtime to maintain the same quality of life they had 20 years ago.