The Biden Administration is betting big on a massive $2 trillion infrastructure bill that includes significant incentives/investments in EVs, highways, water systems, broadband, supply chain issues and more. Interesting, the plan is to finance the bill by increasing corporate tax rates and pushing for a global uniform minimum corporate tax rate to keep American companies from moving overseas.
Proposed $2 trillion, 8-year infrastructure plan and push for global minimum corporate tax rate
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President Biden's $2 trillion, eight-year "American Jobs Plan," to be unveiled Wednesday, contains money for a smorgasbord of interests from roads to the power grid and will also include money for cleaning up abandoned mines. https://t.co/2eha9V4F4U— POLITICO (@politico) March 31, 2021
Here’s what’s in the $2 trillion, 8-year infrastructure plan Biden will unveil tomorrow – from me, @sarahnferris, @zcolman, @lbarronlopez, @marianne_levine, @Olivia_Beavers and @MZanona because that’s how many people it took to chase this down.https://t.co/hId2Id2QNe— Tanya Snyder (@TSnyderDC) March 31, 2021