The last stimulus went to road signs and not roads. This time around with a new catch phrase the “Grow America Act”.
Via The State
Vice President Joe Biden stopped in Columbia on Wednesday to tout federal legislation that would pump nearly $500 billion into transportation infrastructure and workforce development.
The Democrat appeared with U.S. Transportation Secretary Anthony Foxx, U.S. Rep. Jim Clyburn, D-Columbia, and Columbia Mayor Steve Benjamin at Owen Steel.
Touting the “Grow America Act” – a $478 billion spending plan that would span six years – Biden said the United States ranks 28th in the world in infrastructure investment. “We shouldn’t rank 28th in the world in anything that needs to be done for a country.”
Biden cited the bottlenecked intersection of Interstates 20 and 26 in Columbia, known as “malfunction junction,” is one of the worst interchanges in the country. Four times the volume of traffic is going through the interchange now compared to 1969, he said.[…]
The administration is pushing the “Grow America Act” as its proposal to extend authorization for federal transportation spending, an area where there is hope that congressional Democrats and Republicans could compromise.
Biden said lowering the corporate income tax to 28 percent from 35 percent and closing loopholes that allow some companies to escape some of those taxes would help pay for the infrastructure plan, generating $200 billion for roads.