Biden Unveils $2 Trillion US Jobs, Infrastructure Plan russiaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from russiaherald.com Daily Mail and Mail on Sunday newspapers.
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THE BIG DEAL Biden makes case for infrastructure proposal: We have to move now President Biden
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 like China, framing the current moment as an opportunity to prove that democracies can deliver for their people.
“We have to move now. Because 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 said in an afternoon address at Carpenters Pittsburgh Training Center.
Here’s what’s in Biden’s infrastructure plan, and how he plans to pay for it
Updated 6:49 AM;
Today 6:45 AM
An Amtrak train departs 30th Street Station in Philadelphia, Wednesday, March 31, 2021. President Joe Biden s infrastructure plan calls for investing $80 billion to modernize Amtrak s Northeast Corridor line, address its repair backlog and improve freight rail. (AP Photo/Matt Rourke)AP
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A closer look at where the money is going and where it’s coming from:
INFRASTRUCTURE PROJECTS $115 billion to modernize the bridges, highways and roads that are in the worst shape. The White House outline estimated 20,000 miles (32,187 kilometers) of roadways would be repaired, while economically significant bridges and 10,000 smaller bridges would get fixed.
President Joe Biden on Wednesday called for a sweeping use of government power to reshape the world's largest economy and counter China's rise in a $2 trillion-plus proposal that was met with swift Republican resistance. The president's "American Jobs Plan" would put corporate America on the hook for the tab as the
US President Joe Biden Highlights Details on $2 Trillion Recovery Package
Apr 1 2021 · 09:05 UTC by Ibukun Ogundare · 3 min read
Photo: President Biden / Twitter
Biden’s recovery plan includes stricter tax policies for multinational companies.
The incumbent US president Joe Biden has revealed an infrastructure and economic recovery package worth over $2 trillion. The new package is part of the administration’s plan to recover the nation’s economy as the pandemic eases. Biden unveiled the infrastructure package details while speaking at a union hall in Pittsburgh on the 31st of March.
According to the US president, the $2 trillion would be spent over the next eight years. Biden said the corporate tax rate would rise to 28% to fund the infrastructure and economic recovery plan. Formerly, the corporate tax rate was $21%. Specifically, Biden said the vision is to create “the strongest, most resilient, innovative economy in the world.” He added that the vision would