Biden Reveals $2.3 Trillion Infrastructure Plan
President Joe Biden revealed the infrastructure plan with a $2.3 trillion budget that will focus on different areas and domains. The budget will reinforce the fixing of roads and bridges in the United States and expand broadband internet access.
The budget for the infrastructure plan that Biden will back is bigger than the previous American Rescue Plan that only has $1.9 trillion. The previous plan has allowed the Americans to receive $1,400 stimulus checks and a budget for reinforcing the COVID-19 vaccine rollout and the reopening of schools in America.
READ MORE: Biden Speech Keynotes: COVID Relief Bill, Post-Pandemic View
Biden's $2.3 Trillion Infrastructure Plan
The infrastructure plan Biden will push is the first part of his rescue plan geared towards the recovery of the United States. The first part will focus on building back the interiors of America's economy. The second part of his recovery plan will be focusing on childcare, healthcare, and education, according to a report from The Wall Street Journal.
A big chunk of the entire budget will be allotted to three main expenditures: $650 billion to the roads, rail, and transport, and $500 to manufacturing, training, and research. Another $650 billion will be allotted to clean water and electric grids, as well as high-quality housing. It also targets the 35 percent of rural Americans to be reached by broadband or internet services, according to a Reuters report.
A gist of what's inside the Infrastructure plan
The $650 billion will be utilized to modernize 20,000 miles of highways and roads. This also includes the bridges focusing on the 10 "economically significant bridges" along with 10,000 other bridges that need modernization.
From this main expenditure, another $20 billion will be used for road safety programs that aim to reduce the danger for cyclists and pedestrians. Moreover, another $20 billion will be used to reconnect vicinities divided by highway projects.
$25 billion will also be intended for airports, and $17 billion will be used to invest in cleaning port air pollution.
$400 billion will also be allotted to what they call the "Care Economy" that aims to cater and serve the senior citizens and people with disabilities.
The Opposition
Some Republicans expressed oppositiong to Biden's idea, saying that the budget will affect the American taxpayers, according to an ABC7 report.
"It seems like President Biden has an insatiable appetite to spend more money and raise people's taxes," said Representative Steve Scalise from Louisiana. Meanwhile, Senate Republican leader Mitch McConnell brushed off Biden's package saying that it is nothing but a "trojan horse" for taxpayers.
The funding for the bigger project connotes higher corporate taxes because the taxes will fuel the funding for the infrastructure plan.
Amid the opposition his infrastructure plan will be facing in Congress, President Biden noted that he will be open to suggestions and help from the legislature. "I'm going to bring the Republicans into the Oval Office, listen to them, what they have to say, and be open to other ideas," Biden said. The president also added that he will work with any Republican who wants to make the infrastructure plan possible, emphasizing that the plan shout be implemented.
RELATED ARTICLE: President Joe Biden Will Back New COVID Relief Bill Focused on Recovery
WATCH: Biden to Unveil $2 Trillion Infrastructure Plan in Pittsburgh Wednesday - from Bloomberg Quicktake: Now