US Infrastructure Plan

The Whitehouse has a statement on the American’s Jobs Plan (aka the multi-trillion dollar infrastructure bill.)

* In total, the plan will invest about $2 trillion this decade.
* $621 billion in transportation infrastructure and resilience.
* invest $80 billion to address Amtrak’s repair backlog
* a targeted investment tax credit that incentivizes the buildout of at least 20 gigawatts of high-voltage capacity power lines
* Invest $25 billion in our airports, including funding for the Airport Improvement Program, upgrades to FAA assets that ensure safe and efficient air travel,
* $174 billion investment to win the EV market. His plan will enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally, and support American workers to make batteries and EVs. It will give consumers point of sale rebates and tax incentives to buy American-made EV. (working to eliminate 200,000 vehicle cap)
* establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030, while promoting strong labor, training, and installation standards. Replace 50,000 diesel transit vehicles and electrify at least 20 percent of our yellow school bus fleet through a new Clean Buses for Kids Program at the Environmental Protection Agency, with support from the Department of Energy.
* ten-year extension and phase-down of an expanded direct-pay investment tax credit and production tax credit for clean energy generation and storage. (Boosting the value of the credit to 30% from 26% today, said Abigail Ross Hopper, head of the Solar Energy Industries Association. )
* bring affordable, reliable, high-speed broadband to every American, including the more than 35 percent of rural Americans
* $180 billion investment in R&D
* invest $40 billion in upgrading research infrastructure in laboratories across the country, including brick-and-mortar facilities and computing capabilities and networks
* $111 billion for drinking water infrastructure. (invest $45 billion in the Environmental Protection Agency’s Drinking Water State Revolving Fund and in Water Infrastructure Improvements for the Nation Act (WIIN) grants. )
* modernize 20,000 miles of highways, roads, and main-streets. It will fix the ten most economically significant bridges in the country in need of reconstruction. It also will repair the worst 10,000 smaller bridges, providing critical linkages to communities.
* Eliminate exclusionary zoning and harmful land use policies. For decades, exclusionary zoning laws – like minimum lot sizes, mandatory parking requirements, and prohibitions on multifamily housing – have inflated housing and construction costs and locked families out of areas with more opportunities.
* Invests $100 billion to upgrade and build new public schools, through $50 billion in direct grants and an additional $50 billion leveraged through bonds.
* invest $12 billion in community colleges
* $46 billion investment in federal buying power for clean energy manufacturing (advanced nuclear, clean cars, batteries, electric vehicles, charging ports, and electric heat pumps for residential heating and commercial buildings.)
* invest $20 billion in regional innovation hubs and a Community Revitalization Fund
* invest more than $52 billion in domestic manufacturers. (extend 48C tax credit)
* invest $31 billion in programs that give small businesses access to credit, venture capital, and R&D dollars

SOURCES- White House
Written by Brian Wang,