JUST IN: House approves $1.5T plan to rebuild the nation’s crumbling infrastructure; legislation moves to Senate, where a much narrower bill approved by a key cmte. has languished for nearly a year.
"Instead of seeking bipartisan solutions, this bill adds $1.5 trillion to the nation’s debt and disguises a heavy-handed and unworkable Green New Deal regime of new requirements as an ‘infrastructure bill,’” said Missouri Rep. Sam Graves, the top Republican on the transportation panel.
The White House promised a veto if the measure reaches the president's desk. In a statement this week, the White House said the bill “is heavily biased against rural America,'' is based on debt financing and ”fails to tackle the issue of unnecessary permitting delays" that have long impeded infrastructure projects.
The centerpiece of the House legislation is a nearly $500 billion, 5-year surface transportation plan for roads, bridges and railways. The White House said in its veto threat that the proposal is “heavily skewed toward programs that would disproportionately benefit America’s urban areas." The bill would divert money from the Highway Trust Fund to transit and rail projects that “have seen declining market shares in recent years,” the White House statement said.
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