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On March 31, the Biden Administration released its
much-anticipated American Jobs Plan (the "AJP"), which
outlines $2.3 trillion of proposed spending on not only traditional
infrastructure programs, but also climate change, housing, drinking
water, workforce development, manufacturing, telecommunications,
and elderly care measures. It also includes a substantial
increase in corporate taxes to pay for the proposal. The AJP sets
the stage for what is expected to be a robust debate between the
Biden Administration and Congress and within Congress on the
details of the legislation to implement the AJP.