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On Wednesday, President Biden is expected to announce his $2 trillion plan to shore up the nation’s infrastructure and create jobs. The sprawling proposal would be paid for with 15 years of higher taxes on corporations. Here’s how the spending breaks down:
Transportation
Among the proposals: Modernize 20,000 miles of highways and roads; repair 10,000 bridges; and, by 2030, build a network of 500,000 electric vehicle chargers.
Electric vehicle incentives
Passenger and freight railways
Buildings and Utilities
One of the largest investments includes more than $200 billion in tax credits and grants to improve and build affordable housing.
Electric grid and clean energy
Jobs and Innovation
The plan goes beyond physical infrastructure, proposing more than $500 billion to invest in the manufacturing sector, worker training and research and development.
National Science Foundation
Clean energy manufacturing
New dislocated worker program
Innovation and competitiveness
New rural partnership program
In-Home Care
The plan also includes $400 billion to expand access to caregiving for those who are older and those with disabilities, and to improve pay and benefits for caregivers.
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