Beyond bridges: Biden redefines infrastructure to add people
WASHINGTON (AP) — Beyond roads and bridges, President Joe Biden is trying to redefine infrastructure not just as an investment in America the place, but in its workers, families and people.
The first phase of his “Build Back Better” package to be unveiled Wednesday in Pittsburgh would unleash $2 trillion in new spending on four main hard infrastructure categories — transportation; public water, health and broadband systems; community care for seniors; and innovation research and development, according to people familiar with the proposal.
Those would be paid for by permanently raising the corporate tax rate from 21% to 28%, the people said, which would unwind the lower corporate rate put in place by the Trump administration.
The next phase would focus on soft infrastructure investments in child care, family tax credits and other domestic programs, paid for by tax hikes on wealthy individuals and families, they said.
https://apnews.com/article/joe-biden-coronavirus-pandemic-united-states-e6443ea6193eb2f38980c904983bcccf
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