Thursday, 01 April 2021 17:40

Biden Pushes $2T Infrastructure Spending Plan

Written by Ted O’Neil, The Center Square


...a Civilian Climate Corps. FDR’s Civilian Conservation Corps was active during the Great Depression, employing hundreds of thousands of young men who worked on projects in America’s national parks and forests.


Biden said his initiative could “harness the energy” of a younger generation to mitigate wildlife risks, protect watershed health and increase access to recreation areas. The president also believes it could be used as an apprenticeship program to prepare people for long-term careers in the clean energy sector.


Administration officials said the spending would be covered by increasing the corporate tax rate from 21% to 28%. The rate had been at 35% before President Donald Trump pushed for a reduction in 2017.


Biden’s plan, however, is not without detractors from both sides of the aisle.


“Our nation could use a serious, targeted infrastructure plan,” Senate Minority Leader Mitch McConnell, R-KY, said in a statement. “There would be bipartisan support for a smart proposal. Unfortunately, the latest liberal wish list the White House has decided to label 'infrastructure' is a major missed opportunity by this Administration.


"The plan is not about rebuilding America's backbone. Less than 6% of this massive proposal goes to roads and bridges. It would spend more money just on electric cars than on America's roads, bridges, ports, airports and waterways combined," McConnell said.


Congresswoman Alexandria Ocasio-Cortez, a Democrat from New York, criticized the plan for spending too little.


“This is not nearly enough,” she tweeted March 30. “The important context here is that it’s $2.25T spread out over 10 years. For context, the COVID package was $1.9T for this year alone, with some provisions lasting [two] years.


"Needs to be way bigger."


We thank The Center Square for reprint permission. 


Share This:

« Previous Page Continue reading

Read 202 times