The Biden administration will be unveiling the first phase of their “Build Back Better” infrastructure plan on Wednesday evening that will spread funds of almost $2 trillion in multiple areas.
These include: transportation; public water, health and broadband systems; community care for seniors; and innovation research and development.
The plan will be funded most likely through the rolling back of the corporate tax cut that was introduced by the Trump administration. With the cut reversed, the rate will rise from 21 percent to 28 percent.
Biden campaigned on the promise of not increasing taxes on Americans who make under $400,000 a year last year.