House Democrat Set to Introduce $50 Billion Economic Stimulus Plan

Sanchez, Humberto
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p5
Trade Publication
The top Democrat on the U.S. House Transportation and Infrastructure Committee plans to introduce an economic stimulus bill that would provide $50 billion over 10 years for the construction of highways, mass transit projects, airport expansion initiatives, and other types of infrastructure. Of the $50 billion, about $16 billion�for highways, transit and airports�would come from the highway and aviation trust funds, which are pools of federal gas tax and aviation tax receipts, respectively, typically used to help finance highways, mass transit projects, and airport expansion projects. The balance of the $50 million would come from general funds and would be used to help finance passenger and freight rail projects, port security initiatives, and water infrastructure projects such as the construction of treatment plants. The measure is expected to be co-sponsored by Democrat Jerry F. Costello., chairman of the committee's water resources and environment panel, and Democrat Lincoln Davis, who is also a member of the committee.


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