Friday, April 2, 2021

Biden Unveils Multi-Trillion Dollar Infrastructure Plan-and here's what it includes; Biden Infrastructure Plan Includes Massive Spending and Regulations to Curb Climate Change, and related stories

AP Photo/Evan Vucci
President Biden unveils multi-trillion dollar infrastructure plan:
President Biden on Wednesday rolled out the broad outline of a $2 trillion infrastructure and jobs package that he hopes to finance through tax hikes on corporations and individuals.
In his remarks unveiling the proposal, Biden said it would mark “the moment that America won the future.”
The package includes massive spending on roads, railways and environmentally friendly technology, along with new funds for childcare and adult-care for the elderly and disabled.
“The rest of the world is closing in and closing in fast. We can’t allow this to continue,” Biden said during a speech in Pittsburgh, Pa.
“The American Jobs Plan is the biggest increase in our federal non-defense research and development spending on record. It’s going to boost America’s innovative edge in markets where global leadership is up for grabs — markets like battery technology, biotechnology, computer chips, clean energy — and the competition is with China in particular. Critics say we shouldn’t spend this money. They ask, what do we get out of it?” Biden said. --->READ MORE HERE
Biden infrastructure plan includes massive spending and regulations to curb climate change:
President Joe Biden is aiming to deliver on many of his climate change campaign promises with a roughly $2 trillion infrastructure plan to help the country recover from the pandemic.
The comprehensive plan, which Biden will unveil in Pittsburgh later Wednesday, includes significant funding to electrify transportation, eliminate carbon emissions from the power sector, and build up U.S. capacity to manufacture clean energy technology such as electric car batteries, according to a White House fact sheet.
The climate provisions are woven throughout the proposal, making Biden’s plan as much about curbing climate change as it is about rebuilding roads and bridges. The proposal seeks to deliver directly on several of Biden’s pledges on the campaign trail and in early executive orders, including establishing a clean electricity standard to move toward carbon-free power by 2035 and electrifying the entire federal vehicle fleet.
Even so, the clean energy funding already falls short of what some left-wing Democrats have called for, including a $10 trillion infrastructure plan over a decade floated by Sen. Ed Markey of Massachusetts and Rep. Debbie Dingell of Michigan. Sen. Elizabeth Warren of Massachusetts and Green New Deal author Rep. Alexandria Ocasio-Cortez of New York outlined plans earlier this month to invest $500 billion in electrifying green transit alone. --->READ MORE HERE
Follow links below to related stories:

Trump says Biden tax hike-infrastructure plan is an 'attack on the American dream'

Mitch McConnell slams Biden’s infrastructure plan as ‘Trojan horse’ full of tax hikes

Republicans swiftly dismiss Biden infrastructure proposal in bid to avoid repeat of COVID relief defeat

Biden and Democrats ignoring the will of the people

Biden wants your money, and your children's money

New Infrastructure Will Not Come Good, Fast, Or Cheap

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