The Biden administration's highly anticipated infrastructure spending plan is expected to go public this week. After weeks of speculation about the size and focus of the plan, recent reports reveal a growing package and new revenue streams.
Just a few days after signing the $1.9 trillion "American Rescue Plan," the Biden administration is reportedly putting together a massive infrastructure spending plan that could overhaul the nation's transportation an energy infrastructure.
Introduced on April 30, the $2 trillion conceptual plan is likely to be dismissed by Congressional Republicans wary of increasing taxes and adding to the deficit, according to an extensive article by The Hill published three days later.
Analysis from the Center for American Progress breaks down the fallout in funding and job losses to the state level, if policies proposed in the Trump Administration's infrastructure plan and its proposed budget for fiscal year 2018 are adopted.
For those who have spent the last year or so waiting on the edge of their seats in speculation about the contents of President Trump's promised infrastructure plan, there is finally some indication of what the future holds.
President Trump is not the only one proposing a huge infrastructure plan—Senate Democrats have their own. The cost is the same, but financing is different. The Democrats' plan does just what Senate Majority Leader Mitch McConnell warned against.
A Washington Post/ABC News poll released Jan. 17 showed the exact opposite result of a Reuters/Ipsos poll released two days later on the financing for President Trump's $1 trillion infrastructure plan. However, the polls took different approaches.
A Reuters' poll on a national infrastructure investment program shows some support for a plan similar to one suggested, though not detailed, by Elaine Chao, President Trump's nominee for transportation secretary.
Donald Trump's first major economic speech showed significant changes, including how he'd pay for his hefty infrastructure plan. Both he and Hillary Clinton will likely be relying on the same funding source.