President Joe Biden formally announced his $2 trillion infrastructure plan in a speech Wednesday, giving the first official glimpse of a massive proposal he proudly declared would be the largest “investment in American jobs” since the second world war.
The plan, which would be Biden’s second major legislative initiative, would allocate $621 billion for transportation-related infrastructure, $300 billion for drinking water-related infrastructure, broadband and electric grids, and $300 billion for affordable housing and upgrading schools, according to CNBC News. Furthermore, $400 billion would reportedly go toward care for elderly and disabled Americans, and $580 billion would be used for domestic manufacturing, job training, research and development.
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