In a speech in Pittsburgh, President Biden unveiled a $2 trillion infrastructure renewal and upgrade plan. Senate Republican Leader Mitch McConnell (R-Ky.) said categorically after Biden announced the plan, “This infrastructure plan is a Trojan horse for significant tax increases.”
White House officials said, according to the proposal, will renovate a total of 20,000 miles of roads, the construction of bridges located in the nation’s ten major economic arteries, a comprehensive replacement of the nation’s water system old lead pipes, and also includes a number of programs that can create millions of jobs in the short term, from a long-term perspective can enhance U.S. competitiveness.
Officials said the bill will expand the switch to new clean energy sources to achieve the goal of accelerating the fight against climate change, and will also create economic equality for different communities.
Biden said in his speech that the plan also includes improvements in wages, Internet service, drinking water quality and commuting Time.
As for the eight-year funding of the infrastructure plan, the Biden Administration will raise funds through a 15-year corporate tax increase, especially for multinational companies that make significant profits overseas.
Before the infrastructure plan was announced, Republicans had already questioned and opposed it; but Biden said in his speech that he hoped members of Congress from both parties would support the bill because the package was not like any plan we had seen or done since the launch of the interstate highway system and the space race decades ago.
Biden said the bill is “the largest investment in American jobs since World War II.”
In order to seek Republican support, Biden said, has been with the Senate Republican leader McConnell by phone, to discuss the contents of the bill; Biden said, intends to invite several other Republican members of Congress to the White House to discuss.
McConnell confirmed to the media in Kentucky on the 31st, did receive a phone call from Biden, “he called me yesterday”; as for whether to support the bill, McConnell said, if the bill includes tax increases or debt, it is “unlikely” to support, even if it The bill includes infrastructure for Kentucky, too.
McConnell, after Biden announced the plan, said categorically, “This infrastructure plan is a Trojan horse for a big tax increase.”
The New York Times reports that Biden’s determination to solve the climate change problem is evident in the bill’s content, such as the introduction of tax credits to encourage consumers to increase the use of electric vehicles, and to provide companies with incentives to manufacture electric vehicle batteries in the United States, through a variety of strategies to make the price of electric vehicles lower.
According to statistics, the current rate of electric vehicles is less than 2% of the vehicles passing on the highways of the United States. The bill includes a $16 billion program that would counsel petrochemical industry employees to transition to other jobs.
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