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Share it With a $2 trillion spending proposal that dwarfs both the New Deal and the build-out of the American interstate highway system, President Joe Biden provided long-awaited details for a massive infrastructure plan that touches on everything from airports to highways, clean drinking water to revamped electric grids, school construction to public transit and clean energy to bolstered broadband deployment. Biden s American Jobs Plan,  released on Wednesday, carves out $621 billion for transportation infrastructure; $689 billion for buildings and utilities; and $500 billion for worker training, research and development and domestic manufacturing initiatives. Noting that public domestic investment as a share of the economy has fallen 40% since the 1960s, the White House proposed to pay for the plan over 15 years primarily by hiking the corporate tax rate to 28% from 21%, a move that would partially erase former President Donald J. Trump s tax reform legacy.

New yorkUnited statesWhite houseDistrict of columbiaJean louis briaudJacob arleinStephen sandherrJoshua boltenJoe bidenSanya carleyMichael bellamanIndiana universityNew york timesAmerican society of civil engineersNew dealPresident joe biden