Biden's Infrastructure Plan: Where the Money Is Going

US President Joe Biden talks about his plan in Pittsburgh Pennsylvania

Putting infrastructure at the centerpiece of the president's economic agenda, it calls for the injection of $620 billion into transport, including upgrading 20,000 miles (32,000 kilometers) of roads, repairing thousands of bridges and doubling funding for public transport.

The American Council on Renewable Energy said the plan "will move the clean energy sector beyond the endless cycles of temporary stopgap incentives".

Biden formally introduced the American Jobs Plan in Pittsburgh on Wednesday afternoon, his opening salvo in what's expected to become a contentious, monthslong negotiation with Congress.

"We support the commitment of the American Jobs Plan to build the modern, climate-resistant infrastructure needed for a clean-energy future", said Katy Brasser, a spokeswoman for Eaton Corp., which makes components and software for power management, in an emailed statement.

In doing so, it would expand the role of the government in the USA economy to levels not seen in decades.

"Tax increases to "fully pay for the investments in this plan over the next 15 years".

"No one should be able to complain about that", Biden said during his Pittsburgh speech.

Scalise predicted that, if approved, the new spending and taxes would "start having a negative impact on the economy, which we're very concerned about".

FILE - A worker welds on the Ninth Street bridge under reconstruction in Pittsburgh, Pennsylvania, May 6, 2020.

"I want everyone to do well", said Biden.

UN Security Council panel split on N.Korea
"Such remarks from the US president are an undisguised encroachment on our state's right to self-defense and provocation to it". Its UN mission in NY tweeted that it condemns the launch and that sanctions need to be implemented.

"He knows how to reach to the other side and make good things happen", she said of the president.

"It's like a Trojan Horse that's called infrastructure", Senate Minority Leader Mitch McConnell said Wednesday.

The business community favors updating USA infrastructure, but it dislikes higher tax rates. "We hope the president will support the congressional committees working together to produce bipartisan legislation", Michele Nellenbach, vice president of strategic initiatives at the Bipartisan Policy Center, told VOA.

White House officials say the spending over eight years would generate millions of new jobs as the country shifts away from fossil fuels and combats the perils of climate change.

The U.S. Chamber of Commerce, among the most powerful business groups in Washington, is calling Biden's proposal "dangerously misguided when it comes to how to pay for infrastructure".

Former president Donald Trump criticized his successor Joe Biden in a written statement on Wednesday, claiming the current US president's infrastructure plan is an "attack on the American Dream".

"Raising taxes on manufacturers would fundamentally undermine our ability to lead this recovery", Jay Timmons, National Association of Manufacturers president and CEO, said in a statement.

What this money does, and it's only a quarter of the massive bill, and what it does, is it actually takes money that blue cities and states have already earmarked for infrastructure, with their large tax hikes and their large tax plans that they already have in place, it takes that money, allows them to divert those funds to other left-wing projects, then fill in the hole with federal tax dollars.

Tensions lie between Democrats who want to pursue infrastructure more narrowly and those who view infrastructure as an opportunity to advance long-held Democratic priorities like paid family leave, raising taxes on corporations, lowering the eligibility age for Medicare and lowering the cost of prescription drugs. In the plan, $111 billion is geared toward water infrastructure, with the goal of replacing all of the lead pipes in the country, and $100 billion is aimed at expanding broadband internet access, particularly in rural communities.

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