The details: The Republican plan is charging $ 299 billion in highway funding for roads and bridges, or more than half the total. On the transportation side, there is $ 61 billion for transit, $ 20 billion for rail, $ 44 billion for airports, $ 7 billion for water ports, and $ 13 billion for security agencies like NHTSA, FMCSA and Contain PHMSA.
Non-transportation line items include $ 65 billion for broadband, $ 35 billion for drinking water and wastewater infrastructure, and $ 14 billion for water storage.
It is also specified that the funds should flow through existing formula and discretionary programs.
Pay for it: The framework contains general principles for paying the bill, but does not provide details of what remains the greatest challenge and an important point of disagreement between the parties.
The framework states that an infrastructure bill should be paid in full and should “back up any infrastructure-related trust fund facing a loss of revenue,” including ensuring that electric vehicles contribute to highway revenue (though an EV fee alone wouldn’t be enough to deficits the highway Balance Trust Fund).
The plan also includes repurposing unused federal funds that Senate Republicans have claimed to consist of previous Covid relief laws due to an excess of federal funds.
Contrast: Biden’s proposed packageAt $ 2.25 trillion, this is roughly four times as expensive and would be paid for by a rise in the corporate tax rate.
There is less emphasis on funding for highways, instead, federal dollars are being redirected towards massive electric vehicle infrastructure efforts, and funding is being provided to a wide range of issues, such as health care, which Republicans have argued are beyond the confines of traditional infrastructure.
Many Senate Democrats have already declared the Republican proposal a non-runner.