President Biden revealed a $2.3 Trillion infrastructure plan centered on fixing roads and bridges, expanding broadband internet access and boosting funding for research and development, plus higher corporate taxes to pay the package.
“It’s not a plan that tinkers around the edges, “Mr. Biden stated during a speech in Pittsburgh, where he initiated his presidential campaign. “It’s a once-in-a-generation investment in America.”
The Democratic president cast his plan as a fundamental shift in economic thought away from small-government, tax-cutting approaches embraced decades ago under Ronald Raegan, a Republican.
He stated that his plan isn’t an attack on rich Americans. “This is not to target those who’ve made it, not to seek retribution, “ he stated. “This is about opening opportunities for everybody else.”
The president’s advisors state that Covid-19 pandemic has helped reshape American attitudes regarding the role in which the government should play in their lives, making political space for unprecedented investments that could reshape the country.