Published: 1 Apr 2021, 07:05
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President Joe Biden photographed in pre-pandemic days, January 2020. Image: Flickr user Phil Roeder.
A plan proposed by US president Joe Biden to invest US$2 trillion in infrastructure has been praised for “prioritising energy storage and policies that support the industry’s growth”.
Unveiled by Biden alongside vice president Kamala Harris yesterday, the American Jobs Plan is part of the Build Back Better agenda, a strategy that Biden has referred to as an “updated social contract” to drive forward economic recovery post-COVID and repair structural weaknesses and inequalities in the “old economy”.
Its cost would be equivalent to about 1% of America’s GDP per year over eight years and was described in White House communications as consisting “principally of one-time capital investments in our nation’s productivity and long-term growth”. One of the chief mechanisms for paying for it that the administration has pr
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