Yesterday The Epoch Times posted an article about the infrastructure bill that is currently working its way through Congress.
Here are some highlights from their overview:
$621 billion in transportation infrastructure and resilience.
- $115 billion to modernize bridges, highways, roads, and main streets most in need of repair. This includes funding to improve air quality, limit greenhouse gas emissions, and reduce congestion.
- $20 billion to improve road safety.
- $85 billion to modernize existing transit systems.
- $80 billion to address Amtrak’s repair backlog.
- $174 billion investment in the electric vehicle market.
- $25 billion for airports.
- $17 billion in inland waterways, coastal ports, land ports of entry, and ferries.
- $20 billion for a new program that will reconnect neighborhoods cut off by historic investments and ensure new projects “increase opportunity, advance racial equity and environmental justice, and promote affordable access.”
- $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.
- $50 billion in dedicated investments to improve infrastructure resilience.
- Building a national network of 500,000 electric vehicle chargers by 2030.
- Electrify at least 20 percent of the yellow school bus fleet through a new Clean Buses for Kids program.
$180 billion investment in R&D and the technologies of the future:
- Includes $35 billion in the full range of solutions needed to achieve technology breakthroughs that address the climate crisis and position America as the global leader in clean energy technology and clean energy jobs. This includes launching ARPA-C to develop new methods for reducing emissions and building climate resilience, as well as expanding across-the-board funding for climate research.
- $15 billion in demonstration projects for climate R&D priorities, including utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations, floating offshore wind, biofuel/bioproducts, quantum computing, and electric vehicles.
- 15 billion in creating up to 200 centers of excellence that serve as research incubators at Historically black colleges and universities and other minority serving institutions to provide graduate fellowships and other opportunities for underserved populations, including through pre-college programs.
$300 billion to strengthen manufacturing supply chains for critical goods
- $50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity and funding investments to support production of critical goods.
- $50 billion in semiconductor manufacturing and research, as called for in the bipartisan CHIPS Act.
- $30 billion over 4 years to create U.S. jobs and prevent the severe job losses caused by pandemics through major new investments in medical countermeasures manufacturing; research and development; and related biopreparedness and biosecurity.
- $46 billion investment to jumpstart clean energy manufacturing through federal procurement.
- $52 billion in domestic manufacturers.
…$100 billion in proven workforce development programs targeted at underserved groups and getting students on paths to careers before they graduate from high school.
- $5 billion over eight years in support of evidence-based community violence prevention programs. Biden is calling on Congress to invest in job training for formerly incarcerated individuals and justice-involved youth and in improving public safety.
- $48 billion in American workforce development infrastructure and worker protection. This includes registered apprenticeships and pre-apprenticeships, creating one to two million new registered apprenticeships slots, and strengthening the pipeline for more women and people of color to access these opportunities through successful pre-apprenticeship programs such as the Women in Apprenticeships in Non-Traditional Occupations.
Please follow the link above for more liberal dreams. Just a note–the bill would not have to ‘invest’ $52 billion in domestic manufacturers if it didn’t plan to increase the corporate tax rate.