Towns divided on President Biden’s new infrastructure proposal
The $2.25 trillion infrastructure proposal dubbed the American Jobs Plan has towns across America divided.
PHOENIX, Ariz.— President Biden’s massive and controversial spending proposal is in the works and, if passed, it would provide billions of dollars for projects such as fixing roads, railways and airports.
It’s something Biden spoke at length about Wednesday night during his address to Congress. However, some argue the tax hike isn’t worth the benefits, while others say it’s not enough money.
The $2.25 trillion proposal, dubbed the American Jobs Plan and aimed at boosting infrastructure among many other projects, would be financed by raising the corporate tax rate from 21% to 28%.
$621 billion will be spent on transportation projects investing in America’s roadways, railways, and bridges with a big focus on clean energy. Less than 6% or about $115 billion will go toward modernizing and repairing highways, streets and bridges in critical need of repair.
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