This is how President Biden’s “American Jobs Plan” affects motorists
Repair American roads and bridges
One in five miles, or 173,000 total miles of our highways and major roads, and 45,000 bridges, are in poor condition. Delays caused by traffic jams alone cost over $ 160 billion a year, and drivers waste more than $ 1,000 in wasted time and fuel every year. The president is proposing a $ 115 billion increase to modernize the bridges, highways, roads and major roads that are most in need of repair. This includes means to improve air quality, limit greenhouse gas emissions and reduce congestion. His plan is to modernize 32,000 km of highways, roads and major roads that will not only be “fixed first” but “properly fixed” with safety, resilience and all users in mind. It will repair the most economically significant major bridges in the country that need to be reconstructed and repair the worst 10,000 smaller bridges, including bridges that create critical links with rural and tribal communities. The plan includes $ 20 billion to improve road safety for all users, including increasing existing safety programs and a new safe roads program for all, in addition to state and local “Vision Zero” plans and other improvements to reduce accidents and deaths , especially for cyclists and road users, to finance pedestrians.
Modernization of local public transport
Households that use public transport to get to work have twice the commute time, and colored households use public transport twice as often. Our current transit infrastructure is inadequate – the Department of Transportation estimates the repair backlog at over $ 105 billion, which equates to more than 24,000 buses, 5,000 rail vehicles, 200 train stations and thousands of kilometers of tracks, signals and power systems to replace. This leads to delays and disruptions in service, leaving the driver stuck and hindering the use of transit. President Biden calls on Congress to invest $ 85 billion in modernizing the existing transit and helping agencies expand their systems to meet driver demand. This investment will double federal funding for public transportation, reduce the repair backlog, and provide bus, bus, and rail services to communities and neighborhoods across the country. It will ultimately reduce traffic congestion for everyone.
Create good jobs in vehicle electrification
The US market share in plug-in electric vehicle (EV) sales is only a third the size of the Chinese EV market. The President believes that has to change. He proposes a $ 174 billion investment to win the EV market. His plan will allow automakers to advance domestic supply chains from raw materials to parts, convert factories to compete globally, and help American workers manufacture batteries and electric vehicles. It will give consumers POS discounts and tax incentives to purchase American-made electric vehicles while ensuring that these vehicles are affordable for all families and made by workers with good jobs. It will establish grant and incentive programs for state and local governments, as well as the private sector, to build a national network of 500,000 electric vehicle chargers by 2030 while promoting strict labor, training and installation standards. His plan will also replace 50,000 diesel transit vehicles and electrify at least 20 percent of our yellow school bus fleet through a new clean bus for children program at the Environmental Protection Agency with support from the Department of Energy. These investments will get us on the road to 100 percent clean buses while ensuring that the American workforce is trained to operate and maintain this 21st century infrastructure. Eventually, it will leverage the extensive tools of federal procurement to electrify the federal fleet, including the United States Postal Service.
Eliminate historical inequalities and build the future of transport infrastructure
In addition to being ambitious, the president’s transportation plan is fair and focused on preparing America for the future. Too often in the past, transportation investments shared communities – like the Claiborne Expressway in New Orleans or I-81 in Syracuse – or left out those who most needed affordable transportation. The president’s plan puts $ 20 billion in a new program to reconnect neighborhoods that have been cut off by historic investment, secure new projects, promote equity and environmental justice, and promote affordable access. The president’s plan will inspire basic research such as advanced sidewalks that recycle carbon dioxide and “future-proof” investments that will take decades to provide safe, equitable and sustainable transportation for future generations. And the president’s plan will accelerate transformative investments from pre-engineering to construction, turning “shovel-worthy” ideas into “shovel-ready” projects. This includes US $ 25 billion for a special fund to support ambitious projects that have tangible benefits for the regional or national economy but are too large or complex for existing funding programs.
Build a more resilient electrical transmission system
By investing in the power grid, we can bring happy, cleaner power to where it’s needed most. This begins by creating a targeted investment tax credit that will encourage the expansion of at least 20 gigawatts of high-voltage power lines and instantly mobilize tens of billions in private towns outside the city. In addition, President Biden’s plan will set up a new grid provision authority in the Department of Energy that will enable better use of existing rights of way – along roads and railways – and support creative funding instruments to encourage additional high-voltage high-priority transmission lines. These efforts will create well-paying jobs for union workers, line workers, and electricians, and will increase the demand for American-made building materials and parts.
Eliminate fossil fuel tax preferences and make sure polluting industries pay for cleanup
The current tax code contains subsidies, loopholes and special foreign tax credits for the fossil fuel industry in the billions. As part of the president’s commitment to getting the country on a net-zero emissions path by 2050, his tax reform proposal will remove all of these particular preferences. The President also proposes restoring payments from polluters to the Superfund Trust Fund so that polluting industries can help adequately cover the cost of cleanup operations.