Biden Details $2 Trillion Plan to Rebuild Infrastructure, Economy

"The president will begin selling his proposal on Wednesday, saying it would fix 20,000 miles of roads and 10,000 bridges, while also addressing climate change and racial inequities and raising corporate taxes."

"WASHINGTON — President Biden will unveil an infrastructure plan on Wednesday whose $2 trillion price tag would translate into 20,000 miles of rebuilt roads, repairs to the 10 most economically important bridges in the country, the elimination of lead pipes and service lines from the nation’s water supplies and a long list of other projects intended to create millions of jobs in the short run and strengthen American competitiveness in the long run.

Biden administration officials said the proposal, which they detailed in a 25-page briefing paper and which Mr. Biden will discuss in an afternoon speech in Pittsburgh, would also accelerate the fight against climate change by hastening the shift to new, cleaner energy sources, and would help promote racial equity in the economy.

The spending in the plan would take place over eight years, officials said. Unlike the economic stimulus passed under President Barack Obama in 2009, when Mr. Biden was vice president, officials will not in every case prioritize so-called shovel ready projects that could quickly bolster growth."

Jim Tankersley reports for the New York Times March 31, 2021.


"What’s in Biden’s Infrastructure Plan?" (New York Times)

"White House Unveils $2 Trillion Infrastructure And Climate Plan, Setting Up Giant Battle Over Size And Cost Of Government" (Washington Post)

"Biden Makes A Big Gamble On Infrastructure Spending — And Higher Taxes On The Wealthy To Pay For It" (Washington Post)

"Eager To Build Infrastructure, Biden Plans To Tax Business" (AP)

"Biden Set To Unveil Expansive $2 Trillion Infrastructure Plan" (NPR)

"FACT SHEET: The American Jobs Plan" (White House)

Source: NYTimes, 03/31/2021