President Biden’s long-awaiting infrastructure plan has arrived. But it has been re-branded as “The American Jobs Plan.” Together with the proposed “Made In America” tax plan, the goal is to “invest in America in a way we have not invested since we built the interstate highways and won the Space Race.”
This is a plan which hopes to invest $2 trillion over the next decade. According to a White House press release, the plan is intended to “create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China.”
The largest chunk of the spending would go towards surface infrastructure. A total of $621 billion would be spent on fixing and modernizing highways, roads, bridges, ports, and rail systems. Additionally, the plan calls for in the installation of a nationwide electric vehicle charging system. Important to the plan, this work cannot be outsourced – it all must go to American workers and to feed the American economy.
“It’s time to build our economy from the bottom up and the middle out,” Biden said, in advocating for the plan. “Wall Street didn’t build this country; you, the middle class, built this country. And unions built the middle class.”
In addition to surface transportation spending, the plan would also allocate money for clean drinking water; bringing high-speed internet to underserved, mostly rural Americans; repairing and upgrading child care facilities, veterans’ hospitals, and federal buildings; building a more resilient electrical power grid; and protecting Americans from future pandemics by funding domestic research and development.
The White House hopes to pay for The American Jobs Plan with the proposed “Made In America” tax plan. According to the White House it would also close loopholes for companies who outsource jobs and prevent corporation from evading taxes using off-shore banking. It would also raise the corporate tax rate to 28% (still below the corporate rate before President Trump’s tax cuts). No tax increases on individuals are part of the proposal.
If both policies were adopted, the White House claims that the tax plan would pay for the infrastructure plan within 15 years and reduce the national deficit by tens of billions of dollars per year.
The White House Fact Sheet also points out that since the spending will take place over the course of many years, only about 1% of U.S. GPD would be invested per year.
Several prominent Republicans have come out against the plan, criticizing it for raising the corporate tax rate, for funding clean energy initiatives, and for having too much of a “wide array of initiatives.”
“This is not going to be an infrastructure package,” Senate Minority Leader Mitch McConnell said according to Roll Call. “It’s like a Trojan horse. It’s called infrastructure, but inside the Trojan horse is going to be more borrowed money and massive tax increases on all the productive parts of our economy.”
Source: truckinginfo, fleetowner, overdrive, whitehouse, ttnews, npr, usatoday, vox, rollcall
29 comments. Add a comment.
Karl Lyles says
Individuals will pay for this. There is a “vehicle miles-driven” tax coming on the heels of this massive bill.
China’ s corporate rate is 25- we will be at a disadvantage. BTW – NO corporation pays taxes- its customers do. They just pass the cost on in form of higher prices- which is in effect a tax raise on you
“People” cannot even remotely afford the tax load required to run this country, and “corporations” through their operations vastly tax the infrastructure of this country. Corps paying taxes makes all kinds of sense, and them paying none while YOU do makes no sense.
And I agree that their customers pay those taxes, but if you’re not a customer, guess what you’re not paying? That corp’s taxes. See how that works?
Tax the corporations, tax the wealthy, get us the fuck out of this inequality spiral to doom.
Since 1970, and please please google this, $50 trillion in would-be wages for the bottom 90% went to the top 1%. Here, I’ll put the search terms in quotes: “$50 trillion wages bottom 90% top 1%”.
We have a problem in this country, and the root cause is campaign finance incentivizing politicians to vote against our interests in favor of the elite ultra-wealthy.
And they do, with terrible regularity.
Otis driftwood says
Wonder how much of that goes into his special interest and political donors pockets id say 95%
Trey J Feeley says
You are correct!! This article doesn’t mention the restrictions on oil production including capping wells. As a professional driver, that should scare you!!!
Thank you Biden. You have my vote for 2024 also. Finally a LEader in the office.
See above comment
…by Otis Driftwood
You obviously have no clue what this bill really does to the USA. There will be higher unemployment, higher taxes, more jobs going overseas, etc. WE ALL LOSE. The only ones winning with this bill are illegals. They will get American jobs and your homes because you can’t pay the taxes you owe.
Andrew I says
Excellent! Finally this gets addressed, and properly – investing in the middle class, unions, local jobs. Let’s go, America! 💪🏼👍🏼
Larry Elrod says
10 years already 10 years behind. Unreal no not even real
Larry Elrod says
And let’s see highway fund has a lot more than that in it over 10 years where is the rest of it going. When will the people wake up
Joseph steckler says
President Eisenhower did it in the 50s and Biden can make it all happen all over again about time we got somebody with Great expectations for this country I am all in make these big companies pay and those rich people who could never spend all that money anyway They want to leave it today spoiled rich brat children turn out to be just as greedy as their parents and I hope the next president is just like Biden
Joseph steckler says
What McConnell is worried about is that the government might not have enough money to give his state more money every year for his so-called junkie opioid state Cannot wait till that old man is gone and his other cronies
Are you jealous because they have money and you don’t. Maybe, just maybe, they EARNED it.
If wages had kept pace with productivity and inflation since the 1970s then minimum wage would be between $27 and $44 per hour now, depending on how you calculate it.
That earning power didn’t disappear – those wages were withheld from the masses and sucked up by the top.
$50 trillion since 1970 in would-be wages that YOU and I and every other dumb MFer in this thread would have earned.
But keep voting for the Party of the Landed nobility that votes for the interests of the ultra-wealthy against you, every time they can. That’s worked out really well. Your kids are doomed.
Pete, that’s insanely stupid. I wouldn’t even know where to begin tearing the crap out of that statement. THE WEALTHY ARE AND WILL ALWAYS TRY TO STAY THAT WAY FOR ALL PARTIES.
Wages do not keep pace because of reinvestment to make work more efficient. People are not working as hard doing the same work. It’s much easier because of the investment the rich nobility class has made into technology. No one at any minimum wage job deserves anything close to 20 dollars an hour.
That does not punish Truck Drivers. We need skills and licenses to have our jobs. Minimum wagers do not. Now we won’t ever be top of the food chain but when have we ever? Be realistic about what you do and what you really deserve. That is part of being patriotic and just plain decent.
Phillip Chambers says
I will be the first to say Amit has needs to go, along with every other Politician that has served 2 terms. That should be the limit, but I do however have a serious issue with your Sickening Statements about my Home State!!!
So, let me give you a little bit of information here. WV, OH, MD, DE, NH, MA, & VT have the highest Overdose rates right now.
Kentucky is a State full of good, honest, hard working people, who did not ask for the Opioid Epidemic to come to our back yard, but we were the 1st state in the Nation to start doing something about it. We instituted the Prescription Monitoring Program for controlled substances to combat “Dr Shopping” that’s people going to more than 1 Doctor for the same drug.
We were also one of the 1st States to crack down on these “Pill Mill” Dr Offices, and the Pharmaceutical Companies that helped promote this Epidemic. Let me also educate your simple mind on this fact.
The Opioid Epidemic is a Nationwide Problem, so don’t throw Stones if you live in a Glass House Mister.
Why don’t you tell me what State you’re from, and I can give you all the Statistics for your lovely State, because there isn’t a State in the entire Union that hasn’t had more than it’s fair share of this problem.
The fact that you referred to my entire State as nothing but Opiate Junkies infuriates me!
So tell me where you’re from Mr. Smart Guy, and I promise that I can enlighten you as to all your States embarrassing problems.
Dale Anderson says
Anyone who supports Biden is as braindead as Biden is. This bill will kill the economy, destroy jobs, and saddle this nation with insurmountable debt.
Three things….most of this bill does not support infrastructure…it finances the green new deal. Attached to this legislation is an end to fossil fuels. Also attached to this bill is $1.2 trillion dollars going to enemies of the US like Palestine and China.
Wake up morons. Biden doesnt care about this country…or you and me.
So shifting gases and polluntants from cars to power plants is good? There is a big loss of energy value transporting all that high amp electric to charge all those new batteries. Power plants have to use more nat gas which Biden wants to shut down drilling fracking. Hey the wind aint blowin or frozen out or maybe the sun aint shining
And we know Joe dont like nuclear. So Joe we can see real plain that your BS just dont add up!!! Next youre gonna tell us that 2+1 not equal to 3 because its racist or maybe they identify as 4.
To Prison Joe. Its time to gtfo
This has nothing to do with infrastructure. 1% is for roads and bridges. So where does the other 99% go too?🤔🤔🤔🤔🤔
Dirk Munk says
Here’s the plan:
1% of $1.6 trillion is $16 billion. This is a quote from the plan: “The President is proposing a total increase of $115 billion to modernize the bridges, highways, roads, and main streets that are in most critical need of repair.”.
On public transit: “the Department of Transportation estimates a repair backlog of over $105 billion, representing more than 24,000 buses, 5,000 rail cars, 200 stations, and thousands of miles of track, signals, and power systems in need of replacement.”
On rail services: “President Biden is calling on Congress to invest $80 billion to address Amtrak’s repair backlog; modernize the high traffic Northeast Corridor; improve existing corridors and connect new city pairs; and enhance grant and loan programs that support passenger and freight rail safety, efficiency, and electrification.”
Just a few examples of what you can learn by just reading public documents.
2 trillion on infratructure should be 2 trillion on PUBLIC roads, bridges, waterways. Not on PRIVATE electric vehicles, nursing homes, building retrofits, foreign aid , etc. Wake up America its a money grab for special private Big Corporations. Millions of jobs my arse. Biden’s a flat out liar. Good at it. And by the way the Feds have been robbing the Highway trust fund since the 90s. , taking road tax money , specifically generated andcollected for road expenditures but placed into the General Fund for programs that have nothing to do with transportation. Don’t believe in this proposal.
Brian Schroeder says
It is amazing how many dummies will support this crap. Just give the bill a “reasonable name?” Then the dummies just say ok. Not much has changed since the start of this Country. There still is the 1/3 of real Americans willing to protect and fight for the constitution. You best ask yourself if YOU are prepared to fight for America against enemies foreign and WITHIN.
It’s a lot easier to get “dummies” to believe the things that you say, when they do not consistently and nearly immediately get proven false, over and over again. Democratic policy may not be popular among truckers, but at least he is vague enough in his lies that it’s hard to prove him factually incorrect on the lies that he tells. Is he feeding trillions of pork to his financial supporters in the form of fat “infrastructure” contracts? Probably. If you give politicians money to spend, it usually winds up lining the pockets of themselves and their friends, and it doesn’t matter what their political bent or policy excuse is. But at least he’s not suggesting that we all inject ourselves with disinfectant, during a briefing about a pandemic, while sidelining his own experts. If you’re going to be a deceptive political leader, ignorant of the facts… at least delegate the task of making the details public, to unelected bureaucrats who can sell it without making you directly accountable for having done so.
You don’t have to like or even agree with the guy, to understand how he rose to power. And we all really need to stop pretending that there are any “good” politicians, of any party affiliation. Who was the last President with a CDL? The last senator? Has there ever even been a trucker congressman? Are we truly represented in government, if that representation consists only of lawyers and the super-rich? We’re like 1% of the total population of this country – more, if we count only the voting-age population, and even more, if we include people who got out of trucking after getting in to it. Shouldn’t there be at least one senator who used to drive a truck? How do we reconcile this with supporting ANY political candidate? Or do we just follow our favorite liar, like everyone else?
Timothy Marlin says
Money is coming for what needs to be done and people only talk about how we are being fooled. Only thing to fear is that nonsense. Let get rebuild and not look back.
A run s says
I’m excited for the $261billion infrastructure plan Pres. Biden is proposing. Americas infrastructure has fallen behind times. It needs a huge boost, revitalization and new projects in order to bring it on par with other western nations, so far ahead of us. I’m wondering who has been tasked with the design draft and 3-D scale model of the transportation plan and how it ties in to the other parts of the colossal $2.3 trillion infrastructure plan. Fascinating ideas given the sheer logistics of it. Wow! 🇺🇸👍
A run s says
Correction. $261 billion transportation plan. $2.3 trillion infrastructure plan. 👍. Thx, Cheers!