Biden Set to Release Massive New Infrastructure Spending Bill

Press Conference on the State of the US Economy and Jobs - Wilmington, DE - September 4, 2020 by Biden For President is licensed under CC BY-NC-SA 2.0

If you ever got an inside look at the Democratic playbook you’d just see three words.

“Attack, tax, spend.”

When in doubt? Tax and spend. Make sure to give most of the money to donors and pet issues that help undermine America, the family and Christianity. 

Spending $1.9 trillion on COVID relief was the latest maneuver by the Biden Administration in a bill full of pork and unnecessary spending, although it at least included the $1,400 checks for most folks. 

President Joe Biden will be spending more with his $2 trillion infrastructure plan. The plan will be spread out over the next eight years and will focus on repairing roads and bridges, bringing better internet to rural communities, renovating houses to be more climate friendly and giving money to help bring back the American manufacturing industry. 

Press Conference on the State of the US Economy and Jobs – Wilmington, DE – September 4, 2020 by Biden For President is licensed under CC BY-NC-SA 2.0

How’s He Going to Pay for It?

Biden plans to pay for the infrastructure blitz by raising corporate taxes from 21% to 28% as well as increasing taxes on companies making money from foreign sources, taxing capital gains as regular income and returning the top individual rate for those making over $400,000 to the pre-Trump rate of 39.6%.

Tax and spend. 

Biden believes the infrastructure boost will help the US become stronger in the face of a rising China and that it will also work to fight climate change. 

This is all part of Biden’s American Rescue Plan which he plans to get through Congress in the near future. 

This infrastructure portion will be followed up in a few weeks with a healthcare, education and child care spending plan, increasing the government’s role in providing subsidies and support for people’s health, learning and child care needs. 

The bill gives a lot of money to improving 20,000 miles of highways and roads, putting in hundreds of thousands of electric vehicle charging stops, redoing water pipes to get ride of lead contamination, rebuilding schools and boosting up the crucial semiconductor industry.

Biden’s infrastructure bill also includes $620 billion for improving transportation, $213 billion on making homes greener and lowering their price, $100 billion for getting more people broadband internet, $400 billion to look after the old and disabled, $300 billion and to bring back American manufacturing. 

The Biden Agenda

Biden wants the US to cut out all its carbon emissions by 2035, which is a massively ambitious goal. The infrastructure bill is going to require certain amounts of the nation’s power to come from green sources like wind and solar, and will also focus on getting bus service to underserved areas and studying climate change more. 

As usual, the Democrats are trying to hold the country hostage by packing some good things into a bill that’s also full of ideological craziness and pie-in-the sky ideology. 

There’s definitely going to be political division going on here, especially on taxes where Republicans were enthusiastic about the changes put in by Trump of lowering corporate taxes and improving the American business and regulatory situation. 

“They want to do another massive spending bill, which will include additional debt and, by the way, big tax increases. I think this new Democratic government is headed in the wrong direction. The economy is getting better on its own,” said Senate Minority Leader Mitch McConnell in response to the major spending bill. 

Biden also faces opposition from within his own party, with Congresswoman Alexandria Ocasio-Cortez saying the spending bill is “not nearly enough” because this one is spread over a long period and people need more cash up front invested in all sorts of infrastructure and programs.