BREAKING: President Biden signs largest single investment in U.S. infrastructure into law.
Hard to cover everything this bill does. But let me try. Historic investment in:
- Roads, bridges and rail
- Clean water
- Broadband internet (esp. rural)
- Climate. It's smaller than the BBB approach, but until/if that passes this is the largest climate bill in history.
- Roads, bridges and rail
- Clean water
- Broadband internet (esp. rural)
- Climate. It's smaller than the BBB approach, but until/if that passes this is the largest climate bill in history.
What *exactly* does the bill do?
Surface transportation:
- About $550b - $576b huge influx
- Roads, bridges across the country
- 25 - 30% increase in base highway funding
- More for rails than last 15 years combined
- $1 billion for rural ferries, saving Alaska's ferries
Surface transportation:
- About $550b - $576b huge influx
- Roads, bridges across the country
- 25 - 30% increase in base highway funding
- More for rails than last 15 years combined
- $1 billion for rural ferries, saving Alaska's ferries
More background for the curious: my story on surface transportation in the bill, and real people affected how.
pbs.org/newshour/show/…
pbs.org/newshour/show/…
What *exactly* does the bill do?
Water:
- Largest single clean water spending bill in U.S. history - about $80 billion.
- $15 billion to replace lead pipes
- $9 billion for PFAS clean up
- $24 billion more in grants to states for wastewater and other clean water projects
Water:
- Largest single clean water spending bill in U.S. history - about $80 billion.
- $15 billion to replace lead pipes
- $9 billion for PFAS clean up
- $24 billion more in grants to states for wastewater and other clean water projects
And here's the story we did on why this infrastructure bill is such a big deal for water in the U.S.:
pbs.org/newshour/show/…
pbs.org/newshour/show/…
OK, what else *exactly* does the bill do?
Climate:
- All told, about $150 billion in energy grid, clean energy and climate change mitigation
- Includes billions for electric vehicle charging stations.
And here's our story on climate in the bill! pbs.org/newshour/show/…
Climate:
- All told, about $150 billion in energy grid, clean energy and climate change mitigation
- Includes billions for electric vehicle charging stations.
And here's our story on climate in the bill! pbs.org/newshour/show/…
And what *else* is in the bill?
- $65 billion for broadband internet expansion
- Some equity ideas like more funding for RAISE grants that target fed dollars for transportation to communities that usually have trouble getting it.
- $65 billion for broadband internet expansion
- Some equity ideas like more funding for RAISE grants that target fed dollars for transportation to communities that usually have trouble getting it.
Finally, how exactly would the bill affect the federal debt/deficit?
- This depends on whom you ask and what you look at (dynamic scoring or no)
- But @BudgetHawks found the bill likely to add some $200 - $300 billion in red ink.
- This depends on whom you ask and what you look at (dynamic scoring or no)
- But @BudgetHawks found the bill likely to add some $200 - $300 billion in red ink.
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