Shared by Donnie Anderson, ICBV Chairman
Senate Democrats Introduce $1 Trillion Infrastructure Plan January 30, 2017
Senate Democrats on Jan. 24 introduced a $1 trillion infrastructure plan, laying down a marker for President Donald Trump, who pledged to introduce a massive infrastructure package during his first 100 days in office.
The plan, which is still just a political document and not in legislative form yet, includes $210 billion to repair crumbling roads and bridges, $100 billion for energy infrastructure, and reportedly would create 15 million jobs all through direct federal spending. It also includes $200 billion for “a new Vital Infrastructure Projects program that will direct major federal investments to the most critical national projects” and $20 billion in funding to “address critical infrastructure backlogs on Public Lands and in Indian country.”
Democrats have said they would pay for the infrastructure plan by closing tax loopholes, although they have not specified which ones.
NATSO continues to evaluate the proposal, but is encouraged by the absence of tax credits for private investors.
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