Called the Rebuild America Jobs Act, the bill is based on President Obama’s jobs plan, and would invest $50 billion in roads, rails, and runways across the country.
Additionally, the bill would invest $10 billion to establish a National Infrastructure Bank that would mix private and public sector money to support construction projects across the country — without adding a penny to the deficit.
The legislation would be paid for by asking millionaires and billionaires to pay a small 0.7 percent surtax on their income. This would affect less than one percent of Americans.
THE BILL FAILED DUE TO AUTOFILIBUSTER 51-49
Warner and Webb did in fact vote for the Bill their staffers were not very reassuring when I called.