Highway projects received just 3% of 2009’s stimulus package ($27 Billion of $787 billion). For years we’ve been hoping for a long term bill. In the 6 years Obama been in office no major progress has occurred in the nations transport infrastructure. Although Obama did say infrastructure investments help a stagnant economy and expand economic competitiveness.
But Obama might be redeeming himself, his administration just proposed a $478 billion over 6 years infrastructure package. It plans to pay for half of the cost with a one-time 14% tax of the repatriation of foreign earnings held abroad by U.S. corporation.