Summary List Placement
President Joe Biden is set to announce his first infrastructure bill this afternoon, with a price tag of around $2 trillion, principally spent out over eight years. The bill will include major investments in everything from broadband to elder care workers — to be paid for with tax hikes on corporations.
Here’s what to expect.
The first area to see a historic investment would be transportation, according to an administration official. That includes modernizing 20,000 miles of roads and funding for important bridges. Significantly, federal funding for public transit would double.
More climate-friendly forms of transit would also see a boost, with funding for electric-vehicle-charging stations and affordability measures for electric vehicles. Bus fleets would also undergo an electric overhaul.
Broadband and water
The plan would bring universal — and affordable — broadband in the next decade, a need that the virtual work- and school-life required by the pandemic threw into stark relief.
It will also focus on the living conditions of Americans. The bill seeks to ensure that every American has access to clean water, which would be accomplished through the upgrading and replacing of pipes. It would also revamp electric infrastructure in a move towards a carbon-free future.
Housing would see a significant …read more
Source:: Businessinsider – Politics