President Joe Biden and a bipartisan group of senators have agreed to a roughly $1 trillion infrastructure plan. So, what would it actually do?
Here’s a breakdown of the spending in the framework, as released by the White House, as well as what the Biden administration says are the proposed funding sources.
Bipartisan Infrastructure Framework
| Amount (billions) | |
| Total | $579 |
| Transportation | $312 |
| Roads, bridges, major projects | $109 |
| Safety | $11 |
| Public transit | $49 |
| Passenger and Freight Rail | $66 |
| EV infrastructure | $7.5 |
| Electric buses / transit | $7.5 |
| Reconnecting communities | $1 |
| Airports | $25 |
| Ports & Waterways | $16 |
| Infrastructure Financing | $20 |
| Other Infrastructure | $266 |
| Water infrastructure | $55 |
| Broadband infrastructure | $65 |
| Environmental remediation | $21 |
| Power infrastructure incl. grid authority | $73 |
| Western Water Storage | $5 |
| Resilience | $47 |
Proposed Financing Sources for New Investment
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Reduce the IRS tax gap
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Unemployment insurance program integrity
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Redirect unused unemployment insurance relief funds
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Repurpose unused relief funds from 2020 emergency relief legislation
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State and local investment in broadband infrastructure
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Allow states to sell or purchase unused toll credits for infrastructure
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Extend expiring customs user fees
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Reinstate Superfund fees for chemicals
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5G spectrum auction proceeds
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Extend mandatory sequester
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Strategic petroleum reserve sale
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Public-private partnerships, private activity bonds, direct pay bonds and asset recycling for infrastructure investment
- Macroeconomic impact of infrastructure investment
The White House did not release additional details about the infrastructure
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