Biden Unveils $2.3 Trillion Infrastructure Plan
Source: Wall Street Journal
WASHINGTONPresident Biden unveiled 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 for the package.
Its not a plan that tinkers around the edges, Mr. Biden said during a speech in Pittsburgh, where he kicked off his presidential campaign. Its a once-in-a-generation investment in America.
The Democratic president cast his plan as a fundamental shift in economic thought away from the small-government, tax-cutting approach embraced decades ago under Ronald Reagan, a Republican.
Heres the truth: We all will do better when we all do well, Mr. Biden said, arguing that the pandemic had exposed longstanding inequalities in the country. Its time to build our economy from the bottom up and from the middle up, not the top down.
Read more: https://www.msn.com/en-us/news/politics/biden-unveils-dollar23-trillion-infrastructure-plan/ar-BB1f9oDy?li=BBnb7Kz
Walleye
(31,015 posts)Hortensis
(58,785 posts)Walleye
(31,015 posts)Hortensis
(58,785 posts)Walleye
(31,015 posts)yaesu
(8,020 posts)and that was a BFD at the time, helped spawn the greatest economic boom of that century so yes, Biden's is 5 times that is a huge BFD.
CountAllVotes
(20,868 posts)This man is going to go down in history as one of the Greatest Presidents in American history.
GO JOE!!!
cstanleytech
(26,284 posts)a global economic power then and it can do so again because businesses need good infrastructure to make money as well so they bring jobs to such countries.
Its why Japan became one after WWII followed by other countries such as China and India.