Finally, It’s Infrastructure Week
President Biden this week unveiled his $2.3 trillion proposal to invest in upgrading and expanding the nation’s crumbling and outdated infrastructure. The massive plan includes $932 billion for a wide range of infrastructure projects with most of it — $621 billion — steered toward transportation. It also includes funding for building schools, improving water systems, constructing and renovating affordable housing, building better internet and communications systems and creating more clean energy infrastructure.
To pay for his plan, Biden proposed raising corporate taxes from 21% to 28% and making a number of other changes to various corporate and business tax programs. The Bay Area Council has long supported overdue federal investment in our infrastructure and we will be reviewing the Biden plan and following up with our members in the coming weeks for their input before announcing a formal position.