Businesses Hail Biden Public Works Plan, Disdain Tax Increases

DXY Index Price Chart US Dollar with Ten Year Treasury Yield Overlaid Reaction to Biden Infrastructure Spending Package

"It's long past due", he said in Pittsburgh.

On the transit side, Biden's administration said the funds will also go towards replacing 50,000 diesel transit vehicles and electrifying at least 20 percent of school busses, through a new program administered by the Environmental Protection Agency.

"It's a once-in-a-generation investment in America, unlike anything we've seen or done since we built the interstate highway system and the space race decades ago". The Democratic leader unveiled what would be a hard-hatted transformation of the USA economy.

The president's plan envisions, over a span of eight years, repairing 32,000 kilometers of roadways, 10 economically significant bridges and 10,000 smaller ones, getting rid of unsafe lead pipes in water systems and significantly upgrading the country's electrical grid, computer broadband and transit systems.

"The Biden plan will crush American workers and decimate USA manufacturing, while giving special tax privileges to outsourcers, foreign and giant multinational companies".

Now law, the $1.9 trillion coronavirus relief package served as a cornerstone opening achievement for not just the White House, but the Democratic majorities on Capitol Hill.

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Vill said she was intimidated by the governor and essentially froze during the incident due to their height differential. He has said his behavior was meant to be playful and harmless, and he's apologized if he ever made anyone uncomfortable.

Congressional Democrats say they are ready to deliver on Biden's agenda, but they also note that a two-part, sweeping $4 trillion-plus proposal will be received in a very different manner than Biden's first significant legislative victory. "It will create millions of jobs, good-paying jobs", Mr. Biden said.

"Republicans don't want to vote for any kind of tax", LaHood said of Biden's plan, which he predicted will be enacted in some form by August because of the support the president has right now. "You know, China and other countries are eating our lunch", he said.

"It's like a Trojan horse", Senate Minority Leader Mitch McConnell told reporters in Erlanger, Kentucky, earlier Wednesday. "We hope the president will support the congressional committees working together to produce bipartisan legislation", Michele Nellenbach, vice president of strategic initiatives at the Bipartisan Policy Center, told VOA.

Biden, who took office in January, vowed to pass a second bill aimed at improving infrastructure in the United States and creating jobs, and USA media reported that would likely be divided up into two proposals costing a total of $3 trillion. Biden also said that the it will have two parts: the American jobs and American families plan.

"Raising taxes on manufacturers would fundamentally undermine our ability to lead this recovery", Jay Timmons, National Association of Manufacturers president and CEO, said in a statement. So actually no new infrastructure spending happens.

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