On Wednesday, March 31st, President Joe Biden announced a new infrastructure plan known as the American Jobs Plan. The proposal calls for $2 trillion in infrastructure investments over the next eight years. The proposal is also expected to include measures to offset the costs, including an increase in corporate tax rates. According to information provided to media by the White House, the plan calls for $621 billion in infrastructure spending dedicated to rebuilding the nation’s roads, bridges, ports, and rail systems; $300 billion to bolster manufacturing; $213 billion for affordable housing; $380 billion for research and development, modernizing America’s electricity grid, and installing high-speed broadband; and $400 billion for home- and community-based health and elder care.
More below:
https://www.vox.com/2021/3/31/22357179/biden-two-trillion-infrastructure-jobs-plan-explained
https://www.politico.com/news/2021/03/31/biden-infrastructure-plan-unveiling-478684
https://www.wsj.com/articles/biden-infrastructure-plan-faces-test-in-congress-11617295694