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Biden's infrastructure plan faces controversy over the high price tag and design

Biden’s infrastructure plan faces controversy over price tag and design
Heather Long
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When the White House released what it hailed as its historic infrastructure plan Wednesday, it said corporate tax changes would “more than pay for the mostly one-time investments in the American Jobs Plan.”
But there’s a catch: The $2.3 trillion in spending would take place over the next eight years. It would take until 2036 15 years for President Biden’s proposed corporate tax hikes to generate that much revenue.
The disconnect is one of several controversies that Biden’s proposal is already facing, especially as the president tries to garner bipartisan votes at a time when the federal deficit is already at its highest level since World War II. While there’s widespread support across the political aisle to upgrade the nation’s infrastructure, critics of Biden’s plan ― and even some of its supporters ― ....

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Biden infrastructure plan faces criticism despite agreement on need to upgrade roads, bridges

While there’s widespread support for a large infrastructure bill, the details, especially Biden’s plan to pay for it, are drawing early fire. ....

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Time is now for 'stock-taking' to ensure robust North American supply chains: experts

The prospect has been much discussed in recent days, thanks to a flurry of high-profile political meetings between American leaders and their Canadian or Mexican counterparts aimed at signalling U.S. President Joe Biden s post-Trump commitment to multilateral diplomacy.
But there s a risk that the movement never rises beyond the level of well-crafted political rhetoric, said Alan Bersin, former chief diplomatic officer of the U.S. Department of Homeland Security.
To work, he said, the endeavour will need buy-in at the grassroots level in all three countries, as well as from the business community.
Trump did create an impetus for business, for the first time, to recognize that they better defend the shared production platform that has arisen in the last 25 years in North America, Bersin said. ....

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Now is the right time to ensure robust North American supply chains: experts

Last year s confluence of COVID-19 and Donald Trump exposed the urgent need to reinvent North America, experts across the continent agreed Tuesday as they explored how best to fortify its trilateral ties.
The Washington-based Wilson Center convened a virtual gathering of 13 different academics, ambassadors and diplomats from all three countries to flesh out the idea of renewing the North American relationship.
The prospect has been much discussed in recent days, thanks to a flurry of high-profile political meetings between American leaders and their Canadian or Mexican counterparts aimed at signalling U.S. President Joe Biden s post-Trump commitment to multilateral diplomacy. ....

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