Posted on 03/31/21
| News Source: FOX Business
President Biden on Wednesday will detail his proposal to revamp the nation’s infrastructure, alongside a revenue-raising plan that aims to ensure the nation’s largest corporations are paying their fair share in taxes.
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Dubbed the American Jobs Plan, the White House said the “once-in-a-century capital investment” in U.S. infrastructure will create “millions” of good-paying jobs and position America to “out-compete” China by spending about 1% of GDP per year over the course of 8 years.
Overall, the plan is to spend $2 trillion over the course of the coming decade.
Among the key tenets of the plan are modernizing 20,000 miles of highway, repairing 10,000 small bridges and 10 economically significant bridges, eliminating all lead pipes in drinking water systems, expanding access to high-speed broadband, modernizing schools and upgrading veteran’s hospitals.
The plan also aims to create better-paying jobs for care workers and allocate $100 billion to workforce development programs targeted at underserved groups and students. Read more at FOX Business