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President Biden s American Jobs Plan: A Bold Mandate for Infrastructure Investment | Akin Gump Strauss Hauer & Feld LLP
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It s A Big Deal – The American Jobs Plan - Government, Public Sector
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Support terminal renovations
Spur development of multi-modal connections to nations airports to reduce vehicle traffic
Fund the Health Ports Program; designed to reduce air and noise pollution impacting neighborhoods near ports, which are disproportionately communities of color
Addressing Historical Community Fragmentation from Infrastructure Development
$20 billion
Support development of advanced carbon-sink payments and longer-lasting infrastructure
An additional $50 billion is dedicated to improving “infrastructure resilience,” or the ability to recover from disruptions such as natural disasters and terrorist attacks, with a focus on investment in disadvantaged communities and shoring up natural ecosystem services that can mitigate extreme weather impacts. The Plan makes note that the Biden Administration would seek to streamline infrastructure permitting, but the likelihood of success of such efforts is in doubt. The Trump Administration also attempted to expedite envir
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On March 31, President Biden unveiled his US$2 trillion infrastructure proposal - the American Jobs Plan - in a speech in Pittsburgh. The American Jobs Plan includes funding for traditional infrastructure areas but also provides substantial funding aimed at achieving some of President Biden’s climate and clean energy objectives. In particular, the American Rescue Plan would require that utilities garner 100 percent of their electricity needs from clean sources, provide long-term extensions and expansions of clean energy tax credits and make large investments in electric vehicle infrastructure. The American Rescue Plan aims to at least partially pay for the infrastructure investments through increased corporate tax rates and repeals various tax incentives for the fossil fuel industry, among other provisions.
The Day - What s in Biden s $2 25 trillion infrastructure and tax proposal - News from southeastern Connecticut
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