Biden introduced the American Jobs Plan, $2 trillion with heavy investments in infrastructure:
- $621 billion for rebuilding roads, bridges, and rail
- $300 billion for manufacturing
- $213 billion for affordable housing
- $380 billion toward R&D, modernizing the electric grid, and high speed broadband
Funding accomplished by increasing corporate tax rate to 28% and closing offshore loopholes (name-dropping Amazon and their $0 tax payment(s)).
Other promises/facts:
Includes modernization of 20,000 miles of highways, roads, main streets
10,000 bridge repairs
100% of lead pipes and service lines replaced
McConell already strongly against it, citing improper allocation of funding, and stating "it would spend more on electric cars than on roads, bridges, ports, airports, and waterways combined." I find that hard to be true, and that he may be twisting it for his good old friends in oil.
On the other side, AOC said it's not nearly enough, comparing it to the recently passed $1.9 trillion COVID relief bill, and this bill over 8-10 years.