BIDEN’S PROPOSED NEW TRANSPORTATION SPENDING

A sweeping White House effort to inject more than $600billion into transportation infrastructure would transform the federal government’s role in transportation, addressing mobility, climate and equity concerns. The transportation-related measures are part of a $2trillion jobs and infrastructure plan Biden unveiled Wednesday to address damaged bridges, unequal broadband access, climate change and care for people with disabilities. The American Jobs Plan would be paid for, in part, by raising the corporate tax rate and global minimum tax.

According to the White House, proceeds from the corporate tax hikes would raise:

• $115 billion to rebuild bridges and highways, cut emissions and reduce congestion

• $20billion to reduce traffic fatalities, focusing on walkers and bikers

• $85billion to boost transit and stretch rail and bus lines to new places, doubling federal dollars

• $80billion to boost Amtrak, expand intercity rail and upgrade the Northeast Corridor and other routes

• $174billion “to win the EV (electric vehicle) market” with refurbished factories, incentives, 500,000 chargers, electric buses and mail trucks

• $25billion to fix airports, upgrade safety facilities and make it easier to reach terminals without a car

• $17billion to lessen pollution near ports, and improve waterways, freight movement and ferries

• $20billion to reconnect communities torn by highway construction and advance racial equity in new projects

• $25 billion to spur ambitious projects seen as too complex or overwhelming for current funding programs

• $50billion to improve infrastructure and community resilience, including with health, food and transportation services such as roads and rail