{"id":361719,"date":"2021-03-31T18:30:45","date_gmt":"2021-03-31T22:30:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=361719"},"modified":"2021-03-31T18:30:52","modified_gmt":"2021-03-31T22:30:52","slug":"biden-unveils-massive-infrastructure-plan-calls-it-once-in-a-generation-investment","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-unveils-massive-infrastructure-plan-calls-it-once-in-a-generation-investment\/","title":{"rendered":"Biden Unveils Massive Infrastructure Plan, Calls It \u2018Once-In-A-Generation Investment\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-unveils-massive-infrastructure-plan-calls-it-once-in-a-generation-investment%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=361719&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4899.jpeg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>President Joe Biden formally announced his $2 trillion infrastructure plan in a speech Wednesday, giving the first official glimpse of a massive proposal he proudly declared would begin the largest \u201cinvestment in American jobs\u201d since the second world war.<\/span><\/p>\n<p><span>The plan, which would be Biden\u2019s second major legislative initiative, would allocate $621 billion for transportation-related infrastructure, $300 billion for drinking water-related infrastructure, broadband and electric grids, and $300 billion for affordable housing and upgrading schools, according to<\/span> <a href=\"https:\/\/www.cnbc.com\/2021\/03\/31\/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html\"><span>CNBC News<\/span><\/a><span>. Furthermore, $400 billion would reportedly go toward care for elderly and disabled Americans, and $580 billion would be used for domestic manufacturing, job training, research and development.<\/span><\/p>\n<p><span>Biden said his economic vision contains two parts \u2014 the American Jobs plan, which is part of his infrastructure bill, and the American Families plan, which he plans to speak more about in coming weeks. It\u2019s unclear if he wants them as part of the same package.<\/span><\/p>\n<p><span>\u201cI\u2019m proposing a plan for the nation that rewards work, not just rewards wealth. It builds a fair economy that gives everybody a chance to succeed, and it\u2019s going to create the strongest, most resilient, innovative economy in the world. It\u2019s not a plan that tinkers around the edges; it\u2019s a-once-in-a-generation investment in America, unlike anything we\u2019ve seen or done since we built the interstate highway system and the space race decades ago. In fact, it\u2019s the largest American jobs investment since World War II,\u201d Biden said.<\/span><\/p>\n<p><span>Specifically, Biden said the plan would allow the country to repair roads in difficult shape, fix ten major bridges, and repair 10,000 other ones, fix 100% of the country\u2019s led-based pipes and service lines, reduce bottlenecks in ports and airports around the country, and create 500,000 electric car charging stations, among other initiatives. The spending in the plan would happen over the course of eight years.<\/span><\/p>\n<p><span>\u201cIt will create millions of jobs \u2014 good-paying jobs \u2014 will grow the economy, make us more competitive around the world, promote our national security interests, and put us in the position to win the global competition with China in the upcoming years,\u201d he said.<\/span><\/p>\n<p><span>\u201cIt\u2019s big, yes. It\u2019s bold, yes. And we can get it done,\u201d added Biden.<\/span><\/p>\n<p><span>During the speech, Biden said that Americans making under $400,000 would not see an increase in their federal taxes to pay for the plan. However, he also said that he wanted to see an increase in the corporate tax rate \u2014 which former President Donald Trump cut from 35% to 21% back in 2017 \u2013 to 28%, among other strategies. According to <\/span><a href=\"https:\/\/www.nytimes.com\/2021\/03\/31\/business\/economy\/biden-infrastructure-plan.html\"><span>The New York Times<\/span><\/a><span>, Biden\u2019s proposed tax increases would largely \u201ccome from corporations.\u201d<\/span><\/p>\n<p><span>Biden said that he would be open to working with other lawmakers, including working with Republicans willing to have \u201cgood-faith\u201d negotiations.<\/span><\/p>\n<p><span>\u201cI\u2019m going to bring Republicans into the Oval Office, listen to them, what they have to say, and be open to other ideas,\u201d remarked Biden. \u201cWe\u2019ll have a good-faith negotiation with any Republican who wants to help get this done. But we have to get it done.\u201d<\/span><\/p>\n<p><span>Notably, Biden previously invited a group of Republican senators to the White House to discuss a COVID-19 stimulus bill, but ultimately declined to work with them to lower the cost of his $1.9 trillion proposal, which ended up passing without any GOP support.<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden formally announced his $2 trillion infrastructure plan in a speech Wednesday, giving the first official glimpse of a massive proposal he proudly declared would begin the largest &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2311478,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4899.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Biden Unveils Massive Infrastructure Plan, Calls It \u2018Once-In-A-Generation Investment\u2019","footnotes":""},"categories":[],"tags":[],"class_list":["post-361719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/03\/fb_image-4899.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Biden Unveils Massive Infrastructure Plan, Calls It \u2018Once-In-A-Generation Investment\u2019","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/361719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=361719"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/361719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2311478"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=361719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=361719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=361719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}