Gail Collins: Questions about Joe Biden and his trillions
What is infrastructure, anyway? And just what is a trillion?
(Doug Mills | The New York Times)
President Joe Biden speaks about the COVID-19 response and the state of vaccinations, from the South Court Auditorium of the Eisenhower Executive Office Building, on the White House grounds in Washington, Monday, March 29, 2021. Biden appeared in western Pennsylvania Wednesday, March 31, 2021, afternoon to unveil his $2 trillion infrastructure plan, a far-reaching proposal that he will seek to pay for with a substantial increase in corporate taxes.
By Gail Collins | The New York Times
| April 1, 2021, 2:47 p.m. | Updated: 2:53 p.m.
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March 16, 2021
There’s an old saying politics: “it’s always Infrastructure Week on Capitol Hill.” That quip will soon be put to the test and bring funds such as the
NFRA tries to reflect the performance of the STOXX Global Broad Infrastructure Index, which identifies equities that derive the majority of revenue from infrastructure business, providing exposure to both traditional and non-traditional infrastructure sectors.
The near-term case for NFRA boils down to the notion that with the $1.9 trillion coronavirus stimulus package in the books, the Biden Administration will turn its attention to shoring up ailing U.S. infrastructure.
“President Biden signed the stimulus bill, dubbed the American Rescue Plan Act, into law on Thursday, in a move that delivers checks to households and supports economic demand as states reopen. The legislation has helped power the S&P 500 to about a 5% gain year-to-date. Now, the Biden administration hopes to pass an infrastructure spendi