is poised to unveil on Wednesday what calls his next major priority -- a massive infrastructure package that would provide investments in bridges, roads and waterways across the country as well as what the White House termed"an infrastructure of the future."on corporations and high-income earners, making a traditionally bipartisan issue one expected to trigger Republican opposition.
White House press secretary Jen Psaki said Monday the plan would be fully paid for dollar for dollar, across the board, but on Tuesday she added the qualification that it would be paid for"over time.""He believes there's more to be done that can make the corporate tax code fair, to reward work not wealth,” Psaki said.with ABC News' George Stephanopoulos earlier this month that"anybody making more than $400,000 will see a small to a significant tax increase.
, the proposal Biden's advisers prepared for him last week was expected to include hundreds of billions of dollars for roads, railways, bridges and waterways; money for school buildings and safety improvements; and hundreds of billions of dollars to fight climate change, pay for green transit, and build more electric vehicle charging stations.President Joe Biden speaks to the press before boarding Air Force One at New Castle airport in New Castle, Del., March 28, 2021.
Biden has prioritized the major spending plan, the first half of his package, as he seizes on any early momentum he still has after pushing a $1.9 trillion COVID-19 relief package through Congress. While improving airports and roads typically find bipartisan support, the Biden administration's plans to fund improvements through tax increases could turn off most, if not all, Republicans, and potentially even some Democrats. The coronavirus relief package was popular among Americans, including Republicans, but it did not garner a single Republican vote in Congress.
Doing so would benefit suburban homeowners, although some progressive Democrats could balk at the notion of a tax change that would benefit relatively wealthier Americans.
Trump cut the corporate tax rate from 35% (was 35% since 1993) to 21% via the TCJA of 2017. Biden raised it to 28%. Highest rate was 52% under Nixon in 68-69. Trump’s trickle down idea did NOT work. History shows it does not work.
Wider roads, more bridges and Rio Grande ferry service into the US from Mexico?
Make a change after Mitch’s do nothing wife did nothing after four years of Infrastructure Weeks under Trumpolino’s regime.
Don't even think If you want to build a high-speed railway, the car companies will vote against it.If you want to build a bridge to shorten the distance，gas station and Motel owners will take to protest 'Democracy' means that every vested interest can vote to prevent change
Airports too, I hope.
🤣🤣🤣🤣🤣
AKA toll road expansions owned by Chinese’s come
For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him johnteddy63 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Why didn’t they use the money from the last stimulus bill, to pay for infrastructure, since only 10 percent was used towards Corona? The virus that came from China.
Millionaires drive on the same shitty roads as the rest of us, have them pay for those roads too.
I heard the Republicans were jealous of Biden's huge package
He has no idea what he is doing? They tell him what to do!
America's roads are falling apart where we should just admit that the United States is becoming a First Third World country where we soon will look more like India or one of those countries from the former Soviet Union. We could rebuild our roads and bridges. Just a Idea.
Those who cannot afford to live close to their work place will be taxed under this bill. When the money is raised, it will disappear like the $800 billion Obama's infrastructural fund
Let's just wipe out the middle class.
Steal the idea from China
😮👀👏👏👏👏👏👏
Until you can drone in heavy bulk goods and materials (not in this generation), road and bridge infrastructure is muy importante to keep America moving.
A secretly collaborated invisible bribery and embezzlement will begin soon after such a huge stimulus package, which is virtually a form of vote-bribery. Details? To
Good. For those who didn’t read. The ones being taxed are the billionaires and millionaires
Finally!!
And an increase in taxes
Can we go somewhere today?
Tax the rich
1 trillion over 10 years isn’t massive. 🤷♀️
▌079 Chill. Nothing is happening: Nursing Home deaths Antifa riots still ongoing Jobs out of US More money printing/Inflation Record US debt Higher tax Higher gas price Border crisis/ Drug & sex trafficking cartel/ No Covid test More division More cancelling ▌079
More debt for the USA ...... (dollar is doomed!)
That’s with the last one promised
This is the uniting humanity❓🗑🗑🗑
Will the Biden Administration be able to do that ?
Reason 1 trillion to buy BTC.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »
Source: MSNBC - 🏆 469. / 51 Read more »
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »