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President Biden Unveils his $2 Trillion Infrastructure Plan – Here Are the details by Jacob Pramuk

President Joe Biden unveils his $2 trillion infrastructure package

President Joe Biden on Wednesday made the case for his aggressive $2 trillion plan to modernize aging infrastructure and address climate change, saying it would boost America’s competitive edge on the world stage and create well-paying, middle-class jobs. In a speech in Pittsburgh, Biden spoke with urgency about the need to pass his American Jobs Plan to overhaul a “distorted and unfair” economy and help the U.S. outcompete nations such as China, framing the current moment as an opportunity to prove that democracies can deliver for their people. “We have to move now,” Biden said in an afternoon address at Carpenters Pittsburgh Training Center. “I am convinced that if we act now, in 50 years, people are going to look back and say this was the moment that America won the future.” Biden’s $2.25 trillion proposal aims to repair 20,000 miles of roads and 10,000 bridges, expand broadband access to rural and underserved communities, replace all of the nation’s lead pipes and service lines to ensure clean water, invest in research and development and manufacturing, and expand access to home and community-based care. Biden, who was introduced on Wednesday by a local union member who works for electric company Duquesne Light, said the plan would build a resilient and fair economy that “rewards work, not just rewards wealth.” He made reference to his strong support for unions and his roots in Scranton, Pa. “Wall Street didn’t build this country. You, the great middle class, built this country, and unions built the middle class. And it’s time we rebuild the middle class. We’re going to bring everybody along,” Biden said.

KEY POINTS:

  • President Biden unveiled a more than $2 trillion infrastructure and economic recovery package on Wednesday.
  • The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.
  • An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House. Te read more go to the link bellow:

https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html

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