Wednesday, July 01, 2020

House approves $1.5T green infrastructure plan

House Democrats on Wednesday passed a $1.5 trillion green infrastructure plan that would surge funding to repair the nation’s crumbling roads and bridges while setting aside funds for broadband, schools and hospitals. The legislation was approved in a largely party-line 233 to 188 vote after the White House issued a veto threat. President Trump criticized it as “full of wasteful ‘Green New Deal’ initiatives,” and Senate Majority Leader Mitch McConnell (R-Ky.) has not expressed an interest in bringing it to the Senate floor. “Naturally this nonsense is not going anywhere in the Senate,” the leader said on the Senate floor Wednesday. Much of the $500 billion in transportation funding in the Moving Forward Act is tied to green measures that require states to set targets for reducing greenhouse gas emissions and make other climate conscious efforts. “We are going to deal with the largest source of carbon pollution in the United States of America here and now, today, this week. We're starting,” House Transportation Committee Chair Peter DeFazio (D-Ore.) said, noting that the legislation comes as the country faces a severe economic recession. “We're going to need millions of good paying jobs, and these aren't just construction jobs. They’re design, they’re engineering, they’re small business, they're manufacturing. There's a host of people, everybody will be touched by this bill, and the investments will provide returns, many, many times over.” The bill’s focus on carbon reduction efforts marks a significant shift in transportation funding. In addition to highway funding, it gears more money toward public transit, rewarding systems with more frequent service — a key metric for recruiting riders — rather than low operating costs. It includes a large suite of tax breaks for renewables and other clean energy efforts, and offers grant funding for zero-emissions buses, electrifying the postal service fleet, and retrofitting schools and other large buildings while offering up weatherizing assistance for homeowners...MORE

1 comment:

Learn More said...

There are two methods to make cash in our present day international. The first way is to earn an profits, either through operating for your self or for someone else. The other manner to develop your fortune is to invest your belongings so that they increase in value over the years. Whether you spend money on stocks, bonds, mutual funds, alternatives, futures, precious metals, real property, small enterprise, or a mixture of all of the above, the goal always to generate cash. This can come within the form of expanded value to the funding, dividend earnings, or the sale of a commercial enterprise or a few other liquidity occasion.