Skip to content

Senate Kills Obama's $60 Billion Infrastructure Plan

11/3/2011 4:15:00 PM
Write a Letter to the Editor

GOP Nixes Jobs Bill; Democrats Stop Competing Plan

Print This

Senate Republicans killed legislation backed by President Obama to spend $60 billion on building and repairing roads and other infrastructure.

The vote passed 51-49, short of the 60 votes required under Senate rules to debate the measure.

Opposed by 47 Republicans and one Democrat and Independent, the bill would have provided an immediate $50 billion investment in roads, bridges, rail lines, airports and transit systems.

It also called for a $10 billion “infrastructure bank� to use private and public capital for longer-term projects and would have been financed by a 0.7% surcharge on incomes over $1 million.

Separately, Democrats killed a measure offered by Republicans to extend federal highway funding for two years, by a 53-47 vote.

Federal highway spending authority is scheduled to expire in February.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2011, Transport Topics Publishing Group. All rights reserved.




Senate Passes Legislation Funding Transport Programs (11/7/2011 2:45:00 AM)
Senate Kills Obama’s $60 Billion Infrastructure Plan (11/3/2011 4:15:00 PM)
Letters: New Volvo Drivetrain, HOS Rules (10/31/2011 8:00:00 AM)
Senators, House GOP Work Separately to Devise Transportation Spending Plans (10/31/2011 6:30:00 AM)
Trucking Prepares for 2012 (10/24/2011 8:15:00 AM)
Trucking Is Doing Better Than U.S. Economy; Double-Dip Recession Unlikely, Experts Say (10/24/2011 7:00:00 AM)

Click Here!

We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.