Washington (CNN) The great infrastructure debate is about to begin, so the White House hopes.

On Monday, President Barack Obama will use his budget plan to propose spending $478 billion on America's roads, bridges and mass transit systems, with half of that steep bill financed by new taxes on U.S. corporate profits that are squirreled away overseas, White House officials said.

"These investments will increase infrastructure funding by over a third, support hundreds of thousands of American jobs and lay the foundations for long-term economic growth," the official.

The infrastructure push comes as the President is set to unveil his 2016 budget in a speech at the Department of Homeland Security in Washington on Monday. Both Republicans and Democrats have cited transportation needs as well as tax reform as priorities for the upcoming fiscal year.

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