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MacroBusiness Access Subscriber Only Content Goldman has the details: 1. The White House proposes to spend roughly $2.2 trillion over ten years.  The Administration expects most of this spending to be complete after 8 years. This appears to be mostly new money with less double-counting of existing spending than in last year’s $1.5 trillion House bill.  Of the $2 trillion, around $558bn appears to go to traditional heavy infrastructure projects like highways, transit, water, and sewer. Another $374bn would go to high-tech areas, such as broadband, grid modernization and clean energy and storage, and electric vehicle-related spending.$378bn would go to the building and upgrade of residential and non-residential structures. R&D and manufacturing incentives would total $480bn. $500bn would be dedicated to caregiving and workforce development. These numbers all look generally similar to the Biden campaign proposals.

United statesDepartment of energyDistrict of columbiaWhite houseGeorgew bushNational science foundationDrinking water state revolving fundTax policy centerRepublican congressBiden campaignGlobal intangible low tax incomeBase erosionAnti abuse taxForeign derived intangible incomePresident bidenHouse democratic