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Friday, April 19, 2024

Proposed $3 trillion infrastructure bill

Credit: KIMT
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Proposed $3 trillion infrastructure bill
Proposed $3 trillion infrastructure bill

President Biden still has to review the proposal, but sources say the plan could be put forward sometime this week.

Taper off to new for you on daybreak.

The biden administration is at the starting point of a three trillion dollar infrastructur e bill.

And there's a lot of projects included in the proposal.

Kimt news 3's madelyne watkins joins us live with what it entails and the likelihood of it passing.

Good morning, madelyne./// brooke and tyler.

White house advisers are expected to present a two part proposal to president biden as early as this week.

The first part focuses on infrastructur e and the second part is on potential tax increases.

The infrastructur e proposal would focus heavily on money for roads, bridges and rails and it would also include hundreds of billions of dollars in spending for climate related measures, as well as research and development.

On top of that... 100 billion dollars will go towards education infrastructur e.

For the tax side of things ?

"* ?

"* the potential increase would be on corporations and americans making more than 400 thousand dollars.

Our political analyst, rayce hardy, tells me the big question here is where will this money come from.

"by may, something is going to happen.

It's either going to be bipartisan ?

"* they're going to come together.

Or it's gonna be through this reconciliation process where it's going to end up with a 51 to 50 vote."

And the reconciliation process is how president biden's 1.9 trillion dollar relief package got approved.

White house officials stress that no final decisions have been made.

Live in rochester.

Madelyne watkins kimt thank you madelyne.

President biden still has to review the proposal.

But sources say the three trillion dollar plan could be

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