Biden unveils $2 trillion infrastructure & climate plan
During a speech in Pittsburgh on Wednesday, US President Biden unveiled a US$2 trillion plan on the proposal of jobs, infrastructure, and climate change.
According to the American Jobs Plan, Biden aimed to invest in the reconstruction of some nation’s crumbling infrastructure and turn to greener energy in the next eight years.
Besides, Biden planned to hike corporate taxes from 21% to 28% and end tax breaks for fossil fuels. The White House said the hike in taxes would bring an increase of more than US$2 trillion in the next 15 years.
