Michael1942's Blog

Biden’s American Jobs Plan

It is well documented that rural areas have no access to current information on government programs and how they affect their lives. As an example many do not know that Medicare is Government program and the ACA supplemented it. Due to the misinformation provided by their representatives in Congress many have missed out on medical care. It is possible that broadband access could have provided essential information on communication, health, weather and issues that directly affect their lives. We must be reminded that many members of Congress on both sides benefit from the Tax reform bill of 2017 directly or indirectly while taxpayers who make below $400 thousand pay the bills.

President Biden’s proposed $2 trillion infrastructure plan allocates:

• $621 billion on roads, bridges, public transit, rail, ports, waterways, airports, and electric vehicles to improve air quality, reduce congestion, and limit greenhouse gas emissions
• $400 billion to bolster caregiving for aging and disabled Americans
• $300 billion toward boosting manufacturing, specifically semiconductor, medical, and clean manufacturing
• $213 billion toward building, renovating, and retrofitting over two million homes and housing units
• $180 billion to advance US leadership in critical technologies, upgrade research infrastructure, and establish the US as a leader in climate science, innovation, and research and development
• $111 billion to rebuild water infrastructure and replace all of the nation’s lead pipes and service lines
• $100 billion to build new public schools and upgrade existing buildings, and $12 billion to states to use towards infrastructure needs at community colleges
• $100 billion in order to give every American access to affordable, reliable, and high-speed broadband
• $100 billion to workforce development to help dislocated workers, assist underserved groups, and get students on career paths before they graduate high school
• $18 billion to modernize the Veterans Affairs’ hospitals and $10 billion to modernize federal buildings

Biden’s proposal would be paid for by raising corporate tax to 28% and the global minimum tax to 21%, placing a 15% levy on book income for the largest corporations, and corporate inversions.

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