In Pittsburgh, the president unveiled what would be a hard-hatted transformation of the U.S. economy as grand in scale as the New Deal or Great Society programs that shaped the 20th century.
“It’s going to create the strongest, most resilient, innovative economy in the world,” the president said in a Wednesday afternoon speech in Pittsburgh. “It’s big, yes, it’s bold, yes, and we can get it done.”
Biden sees infrastructure as a fundamental promise to the entire country that must be honored before Democrats face voters in 2022.
Biden’s choice of Pittsburgh for unveiling the plan carried important economic and political resonance. He not only won Pittsburgh and its surrounding county to help secure the presidency, but he launched his campaign there in 2019. The city is famed for steel mills that powered America’s industrial rise has steadily pivoted toward technology and health care, drawing in college graduates in a sign of how economies can change.
The Democratic president’s infrastructure projects would be financed by higher corporate taxes — a trade-off that could lead to fierce resistance from the business community and thwart attempts to work with Republican lawmakers. Biden hopes to pass an infrastructure plan by summer, which could mean relying solely on the slim Democratic majorities in the House and the Senate.
The White House says the largest chunk of the proposal includes $621 billion for roads, bridges, public transit, electric vehicle charging stations, and other transportation infrastructure. The spending would push the country away from internal combustion engines that the auto industry views as an increasingly antiquated technology.
An additional $111 billion would go to replace lead water pipes and upgrade sewers. Broadband internet would blanket the country for $100 billion. Separately, $100 billion would upgrade the power grid to deliver clean electricity. Homes would get retrofitted, schools modernized, workers trained and hospitals renovated under the plan, which also seeks to strengthen U.S. manufacturing.
The new construction could keep the economy running hot, coming on the heels of Biden’s $1.9 trillion coronavirus relief package. Economists already estimate it could push growth above 6% this year.
Separately, Biden will propose in the coming weeks a series of soft infrastructure investments in child care, family tax credits, and other domestic programs, another expenditure of roughly $2 trillion to be paid for by tax hikes on wealthy individuals and families, according to people familiar with the proposal.
Egor/Ikpoba Okha: Experts Share Their Monumental Thoughts On Hon Jude Ise-Idehen – Here Are The Findings
“Follow Who Know Road”: APC Staff Makes Strong Case For Saliu Mustapha As National Chairman
Amb Lancelot Imasuen Pays Glowing Tribute To Late Captain Hosa Okunbo (Video)
Alaghodaro Summit of Unending Promises and Realities By Edoko Wilson Edoko
Federal House Member, Dennis Idahosa Sponsors Bill To Establish National Orthopaedic Hospital In Ovia, Edo State
2021 Alaghodaro: The Decomposed Ritual By Isaiah Jesuobo
Check Out Photos Of Nigeria’s First Lady Slaying In Stunning Ensembles
Photos Of Three Celebrities That Supported Whitemoney’s Win
I Quit Motorsport to Become a Pornstar for this reasons – Renee Gracie
Politics : 2023 elections in the eye of Covid-19
With Just 5k Start Dried Ponmo Business and Make Up To 150k Monthly
FG Recruitment: Link To apply for The 774,000 Employment
Entertainment : Will Terry G Stage A Comeback Just Like Obesere?
Alligator Pepper, its Health and Spiritual Benefits
25 Natural Food Ingredients For Butt Enlargement
Football: Bayern Munich gives epic reply to ESPN following complaints about their muscular players
Myon Burrell walks out of prison 18 years after he was jailed for a crime he did not commit
Operation Crocodile Smile: Watch Moment Soldiers Shot Citizen in Auchi Edo State
Nigerians Hold A Candle Night Service For Victims Killed By SARs (Videos+Pictures)
Ant Man Star, Paul Rudd Makes Wearing Mask Fun in A Video
CRACK Now Showing On YouTube, Don’t Miss It! (Video)
YouTuber Jenna Marbles Quits Channel, Explains Why
Amazing Things You Need To About Pokémon Unite
I heard My Son Calling My Name – Vickey Scott
Celebrity3 weeks ago
Bobrisky Has Finally Apologized To Tonto For Humiliating Her
Celebrity3 weeks ago
What Kylie Baby By Kylie Jenner Truly Means
Celebrity3 weeks ago
See Beautiful Photos Of Regina Daniels Son
Football2 weeks ago
Before You Admire To Be Like Cristiano Ronaldo Know The Secret To His Wealth Aside Football