Joe Biden unveiled his plan to plough $2tn in government spending into US infrastructure alongside $2tn in higher corporate taxes, as the first stage of a multitrillion-dollar effort to reshape the world’s largest economy.
The US president made the announcement in Pittsburgh, Pennsylvania on Wednesday, calling it the biggest public investment programme since the creation of the interstate highway system and the Space Race of the 1960s.
“It’s going to create the strongest most resilient, innovative economy in the world. It’s not a plan that tinkers around the edges,” Biden said, adding: “This is not to target those who have made it, not to seek retribution. This is about opening opportunities for everybody else.”
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