Biden unveils $2 trillion infrastructure proposal

The White House wants to fund eight years of spending by raising corporate taxes. President Joe Biden on Wednesday traveled to Pittsburgh to sell his $2 trillion infrastructure plan. His method of funding the proposal is likely to draw pushback from the business community and congressional Republicans.

What’s in the proposal? The largest payout is $621 billion for transportation, including roads, bridges, public transit, and electric vehicle charging stations. It also asks for $111 billion to replace lead water pipes and upgrade sewers. Other big-budget items include nationwide broadband internet and a grid retrofitted for clean electricity. The proposal also targets smaller, local upgrades for homes, schools, and hospitals.

Dig deeper: The infrastructure proposal follows shortly after Biden’s $1.9 trillion COVID-19 relief package—read Harvest Prude’s report in The Stew about the economic ramifications of such liberal spending.