In the rescue package, Biden states that America needs reliable infrastructure – economy

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The President of the United States, Joe Biden, on Sunday strengthened the defense of his trillion-dollar package of investment in infrastructure. The proposal, which focuses on the use of clean and renewable energy, is estimated to cost US $ 2.3 trillion with actions in the following years, in addition to an increase in corporate tax.

“If we have to compete in the 21st century then we need a reliable and flexible infrastructure. We need a US employment plan,” wrote Essential on Twitter.

Last week, Biden met with several Democratic and Republican lawmakers to negotiate the details of the package.

There is resistance among the opposition, and even among some politicians in the presidential party, it is proposed to increase the corporate tax rate from 21% to 28%.

In March, Biden was able to pass a $ 1.9-track fiscal package in Congress, with immediate benefits for populations affected by the Kovid-19 pandemic. With a narrow majority in the Senate, the Democratic Party had to use a budgetary instrument that allowed the text to be approved by a simple majority, but could not be used indefinitely.

During a congressional speech in April, just before completing 100 days in office, Biden also presented a $ 1.8-track social investment package focused on education.

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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