What’s in Biden’s infrastructure funding, the company tax plan?

President Joe Biden will on Wednesday call for a $ 2 trillion investment in the country’s roads, waterways, airports, power grids and broadband, arguing that literally rebuilding the country’s infrastructure will lead to an economic boom, to combat the Would contribute to climate change and promote racial justice and promote American competitiveness.

In a speech in Pittsburgh scheduled for 4:20 p.m., Biden will vow to rebuild and pledge to rebuild most of the nation’s fortune through a series of changes to business tax law, including a corporate tax rate increase, his Paying Administration says will pay for infrastructure improvements within 15 years.

“We think this is important for the sake of fairness and also to encourage domestic investment,” said an administrator before the president’s speech. “The focus on corporate tax reform here reflects both the president’s longstanding commitments to the campaign and a practical perspective.”

The one-time investment is comprehensive and covers everything from climate change to workforce development. According to a fact sheet of the plan, it would amount to around 1 percent of GDP per year over an eight-year period. The price could make passage in Congress difficult, especially in the 50:50 Senate.

The plan calls for a $ 621 billion investment in transportation and resilience or building infrastructure that can withstand the most recent dramatic weather events caused by climate change.