Speaking in Pittsburgh, Biden’s job proposal included investments in infrastructure and combating climate change to help propel the middle class. Called the American Jobs Plan, the legislation would make significant investments in updating crumbling infrastructure and switching to greener energy. Biden plans to raise money for this plan by increasing the corporate tax rate.
The environmental benefits of the proposal include thousands of electric vehicle charging stations as well as incentivizing Americans to purchase electric cars. The infrastructure upgrades would include new power lines and funds to build energy-efficient homes, according to CBNC.
Source: CNBC Television/YouTube
Paul Bledsoe, a former Clinton White House climate advisor now with the Progressive Policy Institute, told CNBC of the proposal, “Electrifying America’s cars and trucks, creating a nationwide smart grid, expanding electricity storage to allow more renewable energy, establishing universal high speed internet — all of these are intended to boost the productivity and competitiveness of the economy, while also cutting emissions.”
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