President Joe Biden’s $2.25 trillion infrastructure bill, set to be unveiled Wednesday, will have allocations for much more than, well, for infrastructure projects, according to details of the plan cited in The Washington Post on Tuesday.
The plan — according to sources familiar with the details who spoke to the Post — provides only $650 billion for roads, bridges, highways, and ports.
Also in the plan, the sources said: $400 billion for home care for the elderly and the disabled, $300 billion for housing, $300 billion to revive U.S. manufacturing, and $400 billion in clean-energy credits.
Hundreds of billions of dollars have been set aside to boost America’s electric grid and nationwide high-speed broadband, and to work on water systems to make sure people have clean drinking water, the sources said.
The details could change before the announcement; final negotiations were still taking place, the sources told the Post.
White House press secretary Jen Psaki said tax increases — mostly on corporations — would fund the initiatives. Most of former President Donald Trump’s 2017 tax law would be undone by the tax hikes, according to the Post’s sources
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