Usa: Biden launches 2,000 billion plan for infrastructure development

by time news

A White House official announced that the president of the United States Joe Biden will present today, in a speech in Pittsburgh, an infrastructure investment plan from 2 trillion dollars, focused on transport. The official also specified that the plan will have a duration of 8 years and will have a budget of 620 billion dollars to modernize the country’s transportation network, including 20,000 miles (32,000 kilometers) of roads and highways. The plan “will create millions of well-paid jobs, rebuild our country’s infrastructure and position the United States to compete with China,” the official concluded.

USA, Biden: company tax rate will rise from 21% to 28%

The same official adds that Biden will propose an increase in the corporate tax rate from the current 21% to 28%, explaining that the tax increase will contribute to finance the 2,000 billion plan dollars for infrastructure development. “The president – adds the official – proposes to radically reform the corporate tax rate so that it incentivizes job creation and investment and ensures that big corporations pay their fair share. “

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