According to The Washington Post, Senate democrats announced a $1 trillion infrastructure plan, which would revitalize the nation’s airports, bridges, roads and seaports, relying on direct federal spending. The democrats urge President Trump to back the proposal. Allegedly, the plan would create 15 million jobs over 10 years.
The plan includes $75 billion for schools, $210 billion for roads and bridges, $110 billion for aging water and sewer systems, $180 billion for expanded rail and bus lines, $70 billion for deeper ports and upgraded airports, $100 billion for an updated electrical grid, $10 billion for VA hospitals, and $20 billion for broadband installations. It also includes $200 billion for unspecified “vital infrastructure projects” and $10 billion for an infrastructure bank to “unlock” private capital by providing loan guarantees or low-cost loans.
To read the full story, visit The Washington Post.
Source: The Washington Post
