All projects shovel ready, one would assume – or at least almost ready to be shovel ready:
The legislation would provide an immediate $50 billion investment in America’s roads, bridges and airports, and transit systems and establish a $10 billion national infrastructure bank to leverage private and public capital for longer-term infrastructure projects.
“This legislation will create hundreds of thousands of construction jobs rebuilding our roads, bridges and infrastructure,” said Majority Leader Harry Reid, D-Nev.
The measure would be financed by a 0.7 percentage point surcharge on income over $1 million.
The announcement by Senate Democrats came the day after Republicans scuttled a pared-back jobs measure designed to boost hiring of teachers and first responders.
That plan failed on a 50-50 test vote that fell well short of the 60 needed to break a filibuster. Two Democrats abandoned Obama on the vote and two more who voted with the president said they couldn’t support the underlying Obama plan unless it’s changed.