![]() Biden, who has pledged to create union jobs as part of the infrastructure plan, launched his presidential campaign at a Pittsburgh union hall in 2019.īiden has said he hopes to win Republican support for an infrastructure bill. The president announced his plans in Pittsburgh, a city where organized labor has a strong presence and the economy has undergone a shift from traditional manufacturing and mining to health care and technology. He and congressional Democrats also plan to combat climate change and start a transition to cleaner energy sources. The White House aims to discourage firms from listing tax havens as their address and writing off expenses related to offshoring, among other reforms.īiden hopes the package will create manufacturing jobs and rescue failing American infrastructure as the country tries to emerge from the shadow of Covid-19. The administration also wants to boost the global minimum tax for multinational corporations and ensure they pay at least 21% in taxes in any country. Republicans slashed the levy to 21% from 35% as part of their 2017 tax law. The administration also aims to focus efforts to make homes, schools, transportation and utility grids more resilient in marginalized communities more likely to bear the brunt of severe weather events.īiden plans to fund the spending by raising the corporate tax rate to 28%. The White House wants to ensure public transportation revitalization reaches communities of color harmed by past projects, such as highways built through neighborhoods. ![]() ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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