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President of the United States Joe Biden is configured to reveal the details of a spending plan aimed at lightning the economic growth of the United States again.

The plan aims to improve its criminal infrastructure and address climate change.

The $ 2.3 The TN proposal (£ 1.7tn), which he will describe in a speech on Wednesday, was fundamental for the vision he presented in the presidential campaign last year.

Mr. Biden plans to compensate for spending when raising taxes on companies, including the corporate tax rate.

I would rise from 21% to 28%, a proposal that has already awakened the fierce opposition.

Republicans have called the projections "a recipe for stagnation and decrease", while the round business table, a powerful group of lobby that represents companies such as Walmart, said it supported investments Bu would oppose tax increases.

The boat is a sign of the hard fight ahead for the plan, which needs the approval of the congress.

ACRIMONY LOOMS

Joe Biden could have gone in a series of different policy addresses after obtaining its pandemic aid package Covid through Congress. That he chose to pressure an infrastructure invoice, maximum pressure for arms control, voting rights, immigration, environment or health reform, suggest that he is looking for a second popular and non-controversial legislative act .

Of course, as that coronavirus package, it is likely that the administration biden use massive legislation to move in silence some of these other political priorities. The proposal contains hundreds of millions of dollars in green energy expenses, expanded attention for the elderly and disabled and work training, for example.

Also as the Coronavirus' help invoice, including non-controversial infrastructure provisions that have high public support will be invested in partisan acrimony. In particular, Republicans will object to vehemently on tax increases for corporations and companies contained in the proposed legislation.

It is likely that the possibilities that Democrats will have to do so only when it comes to passing the Biden Legislative Agenda.

The challenge, then, will maintain the democratic coalition at a time when a large number of groups, many of which held their tongue during the Covid negotiations, are aligned to ensure that their priorities are financed.

The White House has promoted its proposal as the most ambitious public spending in decades, saying that investments are necessary to keep the US economy increasing and competitive with other countries such as China.

The package varies widely, playing everything from the creation of charging stations for electric vehicles to remove lead pipes.

Calls for investing more than $ 600 billion in infrastructure, including the modernization of roads, replacing wagons and buses and repairing bridges.

billions More will be dedicated to initiatives such as improving veterans hospitals, affordable housing, high-speed broadband, manufacturing and technology research.

The expense, which would have to be approved by Congress, would deploy more than eight years.

For automakers, which in recent weeks have been increasing green investments, the plan is expected by triggering the new demand for electric vehicles.

Investors in the sector have been "waiting for this day since the analyst was chosen," said the analyst, Dan Ives of Wedbush Securities.

Related Topics
  • Joe Biden
  • Economy of the United States
  • Infrastructure
  • Infrastructure


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