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Thursday, 01 April 2021 17:40

Biden Pushes $2T Infrastructure Spending Plan

Written by Ted O’Neil, The Center Square

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President Joe Biden unveiled March 31 a $2 trillion infrastructure spending proposal he called the “Build Back Better” plan at an event in Pittsburgh.

Appearing at a union training center for carpenters, Biden said, “People will look back in 15 years and say this is the moment that America won the future.”

 

Analysts have projected the spending will create 18 million new jobs over four years, Biden said.

 

“This will create the strongest, most resilient and innovative economy in the world,” the president said.

 

Biden called for spending $620 billion on transportation infrastructure, including 20,000 miles of roads and thousands of bridges, $650 billion to expand broadband access and $580 billion on research and development.

 

Some of the more specific items include $174 billion to, as Biden put it, “win” the electric vehicle market and $16 billion to plug orphaned oil and gas wells. He also wants to build 500,000 charging stations for electric vehicles and offer tax incentives and rebates for those who buy them.

 

Another $213 billion would go toward building 2 million clean energy homes, and $110 billion would be used to replace lead pipes in some 10 million homes and 400,000 schools.

 

Biden said critics have questioned the benefits of such massive spending, but he said doubters had the same attitude toward the space program.

 

“More than 2,000 products have been invented as a result of the space program that we all benefit from today,” Biden said. “Things like GPS and computer chips."

 

Harkening back to President Franklin D. Roosevelt's New Deal, Biden also wants to spend $10 billion to create what he has called...


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