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Biden in Pittsburgh: No One Making Under $400,000 Will See Federal Tax Hike
Posted
March 31, 2021
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March 31, 2021
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2:30Now PlayingPresident Joe Biden presented a $2.25 trillion U.S. infrastructure plan on Wednesday, setting the stage for a drawn-out battle over his second big economic program after his pandemic-relief package’s relatively smooth sail through Congress.
“We’re going to bring everybody along,” Biden promised in a speech in Pittsburgh, saying that past economic growth had left out large swathes of American society. “We all do better when we all do well.”
The “American Jobs Plan,” as the president dubbed it, lays out an eight-year program that includes $620 billion for transportation and $650 billion for initiatives such as cleaner water and high-speed broadband. Biden’s plan would also allocate $580 billion to American manufacturing -- which would include $180 billion for the biggest non-defense research and development program on record and $400 billion toward care for the elderly and disabled.
“It’s time to build our economy from the middle out,” Biden said, saying his plan “rewards work, not just wealth.”
He said he was open to alternative ideas from lawmakers, including Republicans, but was determined to push through a program he called vital to buttress America’s flagging competitiveness against other nations led by China.
“The rest of the world is closing in and closing in fast,” he warned.
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