Name: Only 5% of $2 trillion 'infrastructure' bill funds roads and bridges
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Only 5% of $2 trillion 'infrastructure' bill funds roads and bridges

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LOGINMANAGE||LOGINMANAGE|AdvertisementA section of U.S. 101 at milepost 335 south of Gold Beach sunk due to severe March 2012 storms. (Wikimedia Commons)It's touted by President Biden as a "once-in-a-century" infrastructure bill, but the $2 trillion spending plan actually allots only about 5% to roads and bridges.And just 25% of the bill, about $639 billion, funds basic infrastructure,Advertisement - story continues belowOnly $25 billion is to be invested in airports and $17 billion for coastal ports, land ports of entry and ferries.The bill, features massive spending on climate change initiatives such as development for electric vehicles and charging stations, electric school busses and federal vehicles, and clean energy technology.TRENDING:The White House, dubbing it the American Jobs Plan, and enable America to "out-compete" China by spending about 1% of GDP per year over the course of eight years.Former Obama economic adviser Larry Summers said he's "excited" about the plan .Advertisement - story continues below"I continue to be very worried that the current fiscal- monetary mix will overheat the economy," he wrote on Twitter.The Biden White House said the plan will be paid for by corporate tax hikes, raising the corporate rate from 21% to 28%.Will America's crumbling infrastructure survive a Democrat presidency?5% (20 Votes)95% (415 Votes)Sen. Rob Portman, R-Ohio, said he supports "improving America’s aging roads, bridges, ports, and other infrastructure.""And we can do so in a bipartisan way," he said Wednesday, but the Biden is way too expensive and does not focus on infrastructure.Major items also include $400 billion on expanding health care and $213 billion on affordable housing, research training and development programs.Advertisement - story continues belowOther items:Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact .AdvertisementAdvertisementAdvertisement'The Last Chance to Keep America Free and Self-Governing'AdvertisementTap here to add The Western Journal to your home screen.Advertisement×Advertisement

LOGINMANAGE||LOGINMANAGE|AdvertisementA section of U.S. 101 at milepost 335 south of Gold Beach sunk due to severe March 2012 storms. (Wikimedia Commons)It's touted by President Biden as a "once-in-a-century" infrastructure bill, but the $2 trillion spending plan actually allots only about 5% to roads and bridges.And just 25% of the bill, about $639 billion, funds basic infrastructure,Advertisement - story continues belowOnly $25 billion is to be invested in airports and $17 billion for coastal ports, land ports of entry and ferries.The bill, features massive spending on climate change...

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Only 5% of $2 trillion 'infrastructure' bill funds roads and bridges

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