REUTERS: Democrat Joe Biden would invest US$1.3 trillion over a decade on electric car charging stations, high-speed railroads, clean-energy research and other public infrastructure if he is elected US president next year, his campaign said on Thursday .
Democrats are proposing vast new federal government spending and programs as they vie for the nomination to challenge Republican President Donald Trump for the White House in November 2020. Trump has touted his mix of tax and regulation cuts as an elixir, and under his administration a record-long US economic expansion continued, pushing unemployment to half-century lows.
Biden's new, 12-page policy plan proposes financing for its recommendations, including funneling more money to regions with high poverty rates and pushing the United States to net-zero greenhouse emissions by 2050, by raising corporate taxes and ending subsidies for fossil fuels. Many of the proposals require congressional support to become reality.
Source: Energy Industry News (energyindustrynews.net)
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