Joe Biden proposes $1.3 trillion infrastructure overhaul -- and swipes at Trump for inaction

[beastie boy]

Joe Biden released a plan Thursday to pile $1.3 trillion into a U.S. infrastructure refresh as part of a push to boost the economy and curb climate change.

The Democratic presidential candidate’s campaign said it would invest in restoring highways, roads and bridges, while trying to spur further adoption of electric vehicles and trains. The former vice president’s plan also calls for replacing water pipes, building out rural broadband access and updating schools, among other measures.

snip

The Biden campaign said it would pay for “every cent” of the $1.3 trillion plan through tax increases on corporations and the wealthy. It plans to fund the infrastructure overhaul through what it called “reversing the excesses of the Trump tax cuts for corporations; reducing incentives for tax havens, evasion, and outsourcing; ensuring corporations pay their fair share; closing other loopholes in our tax code that reward wealth, not work; and ending subsidies for fossil fuels.”

Biden has specifically called for raising the corporate tax rate to 28% from 21%. It stood at 35% before Republicans passed tax cuts in 2017.

https://www.cnbc.com/2019/11/14/joe-biden-releases-infrastructure-plan-and-criticizes-trump.html

[George II]

2. Good plan, well thought out, PASSABLE, and best of all he says upfront how he'll pay for it.

[Cha]

3. We Need Infrastructure!

Thank you, Joe Biden!

[The Valley Below]

7. We need infrastructure and to keep Americans working.

"My father used to have an expression. He'd say, 'Joey, a job is about a lot more than a paycheck. It's about your dignity. It's about respect. It's about your place in your community.'"

Jobs with dignity, not hand-outs. That's the liberal Democratic tradition.

[Cha]

8. So true what Biden's dad said!

Thank you for highlighting that, The Valley Below.. Vital Infrastructure will do that!

[Cha]

4. Kicking this!

[beastie boy]

5. Mahalo, Cha!

[Cha]

6. No worries.. we desperately need this.. and Biden

won't be wasting money on stupid shit like trump and his wife do.

[crazytown]

9. Funding?

[beastie boy]

11. It's right there, at the link.

The Biden campaign said it would pay for “every cent” of the $1.3 trillion plan through tax increases on corporations and the wealthy. It plans to fund the infrastructure overhaul through what it called “reversing the excesses of the Trump tax cuts for corporations; reducing incentives for tax havens, evasion, and outsourcing; ensuring corporations pay their fair share; closing other loopholes in our tax code that reward wealth, not work; and ending subsidies for fossil fuels.”

Biden has specifically called for raising the corporate tax rate to 28% from 21%. It stood at 35% before Republicans passed tax cuts in 2017.

[Cha]

12. ..

[crazytown]

13. I think these are the same sources Biden has quoted to fund the Public Option

and other initiatives, which are starting to add up.

[beastie boy]

15. I have no data to dispute this, since I am not familiar with the quotes you are referring to.

Perhaps you can provide the links and the math. I would appreciate it very much.

[Gothmog]

14. March Veasey likes Joe Biden's infrastructure plan

Link to tweet

[Scurrilous]

16. K&R