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Amidst partisan disagreements on what the word “infrastructure” encompasses, the chair of President Joe Biden’s Council of Economic Advisors, Cecilia Rouse, said on Saturday that the term itself could use an upgrade.
In an interview with CBS News, Rouse discussed how Biden’s $2 trillion infrastructure plan unveiled last week will help boost the economy and add millions of good-paying jobs. The plan includes not only funding for roads and bridges, but also $174 billion for electric vehicles, $100 billion for broadband, and additional investments that address innovation, climate change, and more.
Rouse said these kinds of investments are just what the country needs right now.
“I think it’s important that we upgrade our definition of infrastructure,” Rouse said. “One that meets the needs of a 21st-century economy. And that means we need to be funding and incentivizing those structures that allow us to maximize our economic activity.”
Funding electric vehicles is important because of the urgency of climate change, Rouse said, and the cost of inaction on the climate later is greater than the cost of acting on climate change now.
Rouse’s arguments echo the White House fact sheet released on Wednesday ahead of Biden’s …read more
Source:: Businessinsider – Politics