President Joe Biden’s $2 trillion plan allocates billions of dollars toward improving the nation’s transportation networks, buildings and utilities, but also devotes enormous sums of …
President Joe Biden’s $2 trillion plan allocates billions of dollars toward improving the nation’s transportation networks, buildings and utilities, but also devotes enormous sums of money to causes that are only tangentially related to infrastructure projects. In addition to providing $115 billion to repair 20,000 miles of roads and bridges, $85 billion to expand public transit and $17 billion to upgrade U.S. waterways and ports, the sweeping package grants massive subsidies to electric vehicle and renewable energy companies in an effort to meet Biden’s climate change goals. It also contains billions of dollars for multiple initiatives ranging from affordable housing to academic research and in-home care. The plan as written is largely funded by tax increases on the wealthy and corporations, which Republicans have labeled as a non-starter for bipartisan negotiations and some Democrats have publicly opposed. The plan includes $174 billion in electric vehicle incentives, and calls for electrifying one-fifth of the nation’s school busses and all 650,000 of the United States Postal Service’s delivery trucks. It also includes $100 billion in subsidies for clean energy companies, $46 billion for clean energy manufacturing and $35 billion for climate technology.
