Biden’s massive infrastructure plan

Biden’s massive infrastructure plan

PITTSBURGH (AP) — President Joe Biden wants $2 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it. The Democratic president traveled to Pittsburgh on Wednesday to unveil what would be a hard-hatted transformation of the U.S. economy. It includes $621 billion for roads, bridges and transportation infrastructure. The plan would also move the country away from fossil fuels toward cleaner energy. It would be financed by raising the corporate tax rate from 21% to 28%, among other measures. That could lead to fierce resistance from the business community and thwart attempts to work with Republican lawmakers.

 

Photo: President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh. (AP Photo/Evan Vucci)