Transport Topics Online | Trucking, Freight Transportation and Logistics News Obama Proposes $50B for Transportation

President Barack Obama Monday opened discussion of the next six-year transportation re-authorization bill with a proposal to establish an infrastructure bank and spend $50 billion to help fund work on highways, railroads and airports.
The president’s proposal included money to rebuild 150,000 miles of roads, construct and maintain 4,000 miles of rail and overhaul 150 miles of runways, a White House statement said.
Obama also is asking Congress to extend permanently and expand a research-and-development tax credit for businesses, costing about $100 billion over a decade, Bloomberg News said.

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