Biden To Unveil Massive $2 Trillion Infrastructure Plan

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US President Joe Biden will on Wednesday propose a $2 trillion infrastructure plan aimed at modernizing the country’s crumbling transport network, creating millions of jobs and enabling the country to “out-compete” China.

The first phase of Biden’s “Build Back Better” program, which he will unveil in a speech in Pittsburgh, will detail massive investment spread over eight years.

It plans to inject $620 billion into transport, including upgrading 20,000 miles of roads and highways, repairing thousands of bridges and doubling federal funding for public transit.

“He views his role as laying out… a broad vision, a bold vision for how we can invest in America, American workers, our communities,” White House spokeswoman Jen Psaki said.

The investment would be partly paid for by raising corporate tax from 21 percent to 28 percent.

Read more at i24NEWS.

{Matzav.com}

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