Proposed $2 Trillion Infrastructure Bill

Click this blog post to view a summary of everything funded by the proposed $2 trillion infrastructure bill

Below is a summary of the things funded by the proposed $2 trillion infrastructure bill.  

On the revenue side the figures according to the Epoch Times are "wildly optimistic". 

  • $695 Billion in corporate tax revenues 
  • $495 Billion global income tax increase 
  • $217 Billion by closing loopholes for "intangible" income 
  • $54 Billion for elimination of tax benefits for fossil fuels and "anti-inversion deals" 

$2 Trillion Infrastructure Bill

  • Public transit: $85 Billion – to modernize existing transit systems and expand to meet rider demand
  • Amtrak repairs: $80 Billions – includes funds for electrification of rail systems

 

  • Airport construction: $25 Billion - Terminal renovations and multimodal connections for affordable, convenient, car-free access to air travel
  • Infrastructure resilience: $50 Billion - Steeling US infrastructure against hurricanes and other natural disasters. Tax credit to provide incentives to low- and middle-income families and to small businesses to invest in disaster resilience, and transition and relocation assistance to support community-led transitions for the most vulnerable tribal communities.”
  • Connect disadvantages neighborhoods: $20 billion – “Ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.” This section talks about “reconnecting neighborhoods cut off by historic investments.”  (What on earth does this mean?  I have no idea!)

 

  • Highways and Roads: $115 Billion – Bridges, highways, roads improvement. Improve air quality, limit greenhouse gas emissions.  Reduce congestion (i.e. This is the push to Smart Cities that is a big part of The Great Reset and Agenda 2030.   A Smart City is promoted as an urban environment which "uses data and emerging technologies to improve the quality of life for citizens, share information with the public, drive economic growth and build a more inclusive society.”  This idea fits with the Chinese Communist Party’s focus on cities: “in 2030, citizens of our great cities do not own anything, they have no cars, clothes, appliances, or own a home. Instead, everything is distributed to citizens on the basis of need freely….”)

 

  • Road Safety: $20 Billion
  • Modernize water systems: $111 Billion -
  1. $45 billion fund would seek to fully eliminate old lead water pipes, which local governments and homeowners for decades have replaced due to toxicity issues.
  2. $56 billion proposal calls for replacing “aging water systems” that “threaten public health in thousands of communities nationwide.
  3. $10 billion “to monitor and remediate PFAS (per- and polyfluoroalkyl substances) in drinking water and to invest in rural small water systems and household well and wastewater systems, including drainage fields.”
  • Electric vehicles: $174 Billion - Rebates and tax incentives for buying electric cars and funds for feds to swap out their own gasoline cars for electric. Electric vehicles for US Postal Service

 

  • Transformative and ambitious projects: $25 Billion - Will accelerate transformative investments, from pre-development through construction, turning ‘shovel worthy’ ideas into ‘shovel ready’ projects. This includes $25 billion for a dedicated fund to support ambitious projects that have tangible benefits to the regional or national economy but are too large or complex for existing funding programs. (Does this last statement from the bill make any sense?  Sounds like a slush fund for “pet” projects!)

 

  • Infrastructure Resilience: $50 Billion – “a strategy to enhance the ability of a building, facility or community to both prevent damage and to recover from damage” – Includes:
  1. 500,000 electric vehicle charging stations by 2030
  2. Electrification of 20% of all school buses

 

  • Improve electric grid: $100 Billion – 100% carbon free by 2035

 

  • Retrofit properties: $213 Billion - Retrofit more than 2 million homes and commercial properties to be more energy efficient.  Includes $27 Billion for the Clean Energy and Sustainability Accelerator

 

  • VA hospitals and clinics: $18 Billion

 

  • Upgrade child care facilities: $25 Billion - Employers will receive 50 percent of the first $1 million of construction costs per facility so that employees can enjoy the peace of mind and convenience that comes with on-site child care
  • School construction: $100 Billion - $100 billion to upgrade and build new public schools, through $50 billion in direct grants and an additional $50 billion leveraged through bonds
  • Home care for seniors, disabled: $400Billion – Expands long-term care covered by Medicaid to low-income. Increases wages of people who work with Medicaid elderly.
  • Public housing: $40 Billion - This funding will address critical life-safety concerns, mitigate imminent hazards to residents, and undertake energy efficiency measures to significantly reduce ongoing operating expenses. These improvements will disproportionately benefit women, people of color, and people with disabilities.

 

  • Bike lanes and pedestrian safety: $20 Billion
  • Ports and ferries: $17 Billion
  • Cap oil wells and old mines: $16 Billion
  • Community colleges: $12 Billion
  • Civilian Climate Corps: $10 Billion
  • Redevelop industrial sites: $5 Billion
  • Manufacturing: $52 Billion - Promote domestic manufacturing to support rural manufacturing and clean energy
  • Workforce development: $100 Million - Infrastructure for workforce development and protection.  This targets underserved groups getting paths to careers and workforce development.
  • Retrofit Federal Buildings: $10 Billion
  • Broadband Coverage: $100 Billion

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  • Amanda Mercer
    published this page in Blog 2021-04-12 16:00:09 -0400