Urban Fold

Obama Pitching $300 Billion Plan to Fix Nation’s Roads, Bridges

The White House announced its intentions to propose a $300 billion plan to “address the funding crisis facing our surface transportation programs and to increase infrastructure investment.”

President Obama wants to invest “$300 billion over the next four years to fix the nation’s crumbling roads and bridges,” according to an article by Justin Sink. 

“The proposal would represent a significant hike in expenditures on highways and mass transit, and comes as the Congressional Budget Office warned that the federal gas tax is not bringing in enough revenue to pay for road and transit projects.”

The money would come from $150 billion in new revenue generated by business tax reform.

Full Story: Obama's $300B infrastructure plan

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