Democrats and Republicans leaders on the Senate Environment and Public Works Committee announced they reached a bipartisan agreement on the surface transportation reauthorization bill, which would provide $304 billion in funding for “traditional style” infrastructure like: highways, roads and bridges, etc. The outline of the deal comes on the heels of the first signs of compromise when the President and top Republicans discussed the gaping differences between the original “American Jobs Plan” $2.25 trillion proposal and the GOP’s $568 billion counter (which resulted in the President responding with a massive but trimmed down $1.7 trillion offer). The Senate EPW Committee will be marking-up the bipartisan compromise on May 26th.
See Attached, for a summary on the President and GOP original proposals.
