US President Joe Biden presented his plan to save the economy for two trillion dollars. It is reported by the New York Times.
This is an investment in America, which happens once to the generation, unlike what we have seen or done since several decades ago we built a motorway system between the states and led the cosmic race, “the American leader noted. He added that this is the largest investment in jobs since the Second World War.
The plan provides for the allocation of $ 621 billion on the modernization of transport infrastructure, 400 billion to support the elderly and disabled, 300 billion on the support of the industrial sector. In addition, 213 billion dollars will be directed to the repair and construction of affordable housing and 100 billion on the development of broadband networks.
Also, the plan includes the introduction of a new standard for the energy generation industry in order to reduce emissions in the sector to zero level by 2035. The head of state believes that the plan will allow winning global competition with China.
To financing the Biden program intends to increase taxes for corporations up to 28 percent. The politician promised that his long-term economic program would not increase the public debt.
In early March, the US Congress Senate approved a package of measures to stimulate the American economy by 1.9 trillion dollars. According to him, 1.4 thousand dollars will pay all working families in the United States, and the weekly unemployment allowance will increase by $ 400.