First 100 Days: Infrastructure investment can transform the U.S.
06
Apr, 2021
Roads, a major part of U.S. infrastructure, have suffered from decades of deferred maintenance due to a lack of investment.
Editor’s note: President Joe Biden knows the ways that infrastructure can shape people’s lives and transform the United States. Biden’s Infrastructure Plan, unveiled March 31 as part of his first 100 days agenda, recognizes infrastructure in the broadest sense of the word, and includes funding to address both physical and social needs of the nation during the next eight years.
The investments proposed respond to pent-up demands from various sectors of the economy and society with the intent of creating jobs and addressing climate change while providing a foundation for future economic growth. While infrastructure is a popular item for politicians of both parties, the $2 trillion price tag on this package – and the proposed increase in corporate taxes to pay for it – will spark vigorous debate in Congress and among interest groups that make both the fate and timing of the legislation uncertain.