Biden’s plan is to include approximately $650 billion to rebuild the country’s infrastructure, such as its roads, bridges, highways and ports, the people said. The plan will also include in the range of $400 billion toward home care for the elderly and the disabled, $300 billion for housing infrastructure and $300 billion to revive U.S. manufacturing.
It will include hundreds of billions of dollars to bolster the nation’s electric grid, enact nationwide high-speed broadband and revamp the nation’s water systems to ensure clean drinking water, among other major investments, the people said.
White House press secretary Jen Psaki has said the proposal will be paid for in new tax hikes. These hikes will be particularly focused on corporations, seeking to reverse much of President Donald Trump’s 2017 tax law, the people familiar with the plan said.
The new tax hikes would offset spending in the plan over a 15-year period, according to Senate officials familiar with White House calls to brief Congress on Biden’s plan.
The plan will also include approximately $400 billion in clean-energy credits on top of the $2.25 trillion in new spending.
A White House spokesman declined to comment on the new details that have emerged.
The plan, which Biden will introduce in Pittsburgh on Wednesday, forms one part of the “Build Back Better” agenda that the administration aims to introduce.
The White House is pressing forward despite the emerging divisions. “After all the jokes about infrastructure weeks, we’re going to have a real serious effort to get both infrastructure spending on roads and bridges and programs like broadband,” said Howard Gleckman, a tax expert at the nonpartisan Tax Policy Center think tank. “I think there’s pretty broad bipartisan support is a big infrastructure plan. There is not bipartisan support for paying for it.”
