Recovery New stimulus package in the US: it has already mobilized almost four times more money than the EU in aid against Covid
Joe Biden presented on Wednesday an ambitious infrastructure plan valued at about 2 trillion dollars with which he hopes to help revitalize the United States economy and boost job creation.
The proposal, which must be negotiated with Republicans in Congress,
joins the 5.1 trillion dollars approved in the last twelve months
, and multiplies by eight what was injected by the European Union against the coronavirus crisis.
To present his plan, the president of the United States traveled to Pittsburgh, the country's steel capital and the same one he chose two years ago to launch his career for the White House.
A proposal that includes
investments in different areas over the next eight years
and with which it hopes to generate millions of new jobs, as the country moves away from fossil fuels and fights against climate change.
The intention of the Biden Administration is to finance its infrastructure plan through
tax increases,
according to a White House official, who revealed that on the table there is a proposal to raise the current 21% corporate tax to 28%, as well as the creation of a minimum tax of 21% on global corporate profits.
The cost of the projects will be distributed over a period of eight years and the goal is to be paid over the next 15 years, according to administration sources cited by
The Wall Street Journal
newspaper
who added that the president wants to modify the tax code to close the "loopholes" that allow companies to
transfer their profits abroad.
The new plan is in addition to the $ 1.9 trillion stimulus package signed by the Democratic president in early March, as well as the $ 900 billion bailout approved by Congress in December and the first 2 stimulus plan. 3 trillion dollars,
the largest in the history of the country,
signed by former President Donald Trump at the beginning of the pandemic.
In this way, the world's leading economy already adds some 7.1 trillion dollars to the efforts it is making to help mitigate the effects of the coronavirus crisis, including direct aid to the population, greater benefits for the unemployed and loans. to small and medium-sized companies, which means
multiplying by eight the aid approved to date by Brussels.
Recent image of some of the infrastructure of the city of Pittsburgh.Gene J. PuskarAP
The proposal includes an allocation of 621,000 million dollars for the modernization of 32,000 kilometers of
roads and highways,
the repair of hundreds of bridges and the renovation of ports and airports.
It also includes 300,000 million to reactivate the
manufacturing industry
and 100,000 million to improve broadband access in rural areas, as well as the electricity and drinking water network, in other investments.
The White House also highlighted an investment of 100,000 million dollars in
renewable energy,
with the goal that Washington has set itself to achieve 100% clean energy by 2035, and which also includes tax incentives for Americans who buy cars electric and bonuses for school districts to transition their diesel bus fleets.
An arduous period of negotiations is now opening in the Capitol, where the Republican opposition has already made it clear that it is not going to make it easy for the president.
Joe Biden himself called
Mitch McConnell
on Tuesday to
talk to him about the plan, after which the leader of the Republicans in the Senate assured that it is "unlikely" that he will support a proposal that he described as a "Trojan horse" that he will only hide " massive tax increases. "
This vast infrastructure plan, received this Wednesday with increases on Wall Street, is part of the president's ambitious economic commitment, which the White House has dubbed the "American Jobs Plan", and which later contemplates a second proposal that will be presented in mid-April focused on an
increase in social spending
to improve health coverage or expand tax assistance to workers.
"This plan is an investment in the United States and will help position the country to
compete with China,"
said a White House spokesman before President Biden traveled to Pittsburgh on Wednesday to present his most ambitious economic proposal to date. , with which in addition to promoting the reconstruction of infrastructures, it hopes to create millions of jobs in the coming years.
According to the criteria of The Trust Project
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