The US House of Representatives has passed a $819 billion stimulus package. The Nadler Amendment tacked $3 billion in transit onto the House bill, for a grand total of $12 billion, and fully $5 billion in capital project funding. The Amendment passed with a “voice vote” meaning we don’t know how anyone specifically voted, but it seemed to be nearly unanimous.
This comes as the American Society of Civil Engineers gives our nation’s infrastructure a “D” grade, and notes the cost of repairing the infrastructure has risen to $2.2 trillion from $1.7 trillion in 2005. Stimulus funding can’t come soon enough.
To my eyes, this much, much improved version of the bill than the one we saw originally, not only because of the transit. The final bill had $607 billion in spending, slightly more than the first draft we saw last week, and $212 billion in tax cuts, which is about $63 billion less than the original draft. Just before passing the bill, the House rejected a Republican-sponsored version of the bill that would have focused mainly on tax cuts.
The next step is for the Senate to pass their version of the bill, which will probably come to a vote sometime next week.