Lawmakers passed the Infastructure Bill in mid November; BUT WHAT DOES IT COVER??? By Megan Henney FOXBUSINESS https://www.foxbusiness.com

https//www.foxbusiness.com

A majority of the new spending in the bill goes directly toward repairing the country's
aging transportation system. The White House has said that 173,000 total miles of
America’s highways and major roads and 45,000 bridges are in poor condition.
The bill also includes a substantial investment in bridges – the Biden team said the $40
billion set aside in new funds for bridge repair, replacement and rehabilitation is the
single largest dedicated investment since the construction of the interstate highway
system.  Transportation: $312 billion

Roads, bridges, major projects: $109 billion
Safety: $11 billion
Public transit: $49 billion
Passenger and freight rail: $66 billion
Electric vehicles: $7.5 billion
Electric buses/transit: $7.5 billion
Reconnecting communities: $1 billion
Airports: $25 billion
Ports and waterways: $16 billion
Infrastructure financing: $20 billion
Other infrastructure: $266 billion


The bipartisan infrastructure bill also seeks to address a lack of broadband
infrastructure with a $65 billion investment to ensure most Americans have access to
reliable, high-speed internet. The bill will also bolster the power grid to prevent against
outages that have become commonplace in recent years with a $65 billion investment.
Another substantial chunk of the funding – $55 billion – will go toward water and
wastewater infrastructure, including $15 billion to replace lead pipes and $10 billion to
address contamination from manufactured chemicals (polyfluoroalkyl substances).
Water: $55 billion
Broadband: $65 billion
Environmental remediation: $21 billion
Power, including grid authority: $73 billion
Western water storage: $5 billion
Resilience: $47 billion
"Democracy requires compromise," a White House fact sheet said. "The historic
Bipartisan Infrastructure Framework will make life better for millions of Americans,
create a generation of good-paying union jobs and economic growth, and position the
United States to win the 21st century, including on many of the key technologies needed
to combat the climate crisis."
How will the measure be paid for?
One of the biggest sticking points was how to pay for the measure. The White House
said in a fact sheet that it would be funded with $250 billion in unused coronavirus relief
funds, $53 billion in unused unemployment insurance and sales from the strategic
petroleum reserve, among other measures.

Here are all of the revenue sources listed by the White House:
Strengthen tax enforcement when it comes to cryptocurrencies like Bitcoin
Unemployment insurance program integrity
Redirect unused unemployment insurance relief funds
Repurpose unused relief funds from 2020 COVID-19 emergency relief legislation
State and local investment in broadband infrastructure
Allow states to sell or purchase unused toll credits for infrastructure
Extend expiring customs user fees
Reinstate Superfund fees for chemicals
5G spectrum auction proceeds
Extend mandatory sequester
Strategic petroleum reserve sale
Public-private partnerships, private activity bonds, direct pay bonds and asset recycling for infrastructure
investment 

Learn about the Patriot's Club Volunteer Donate