Buttigieg defends Biden's $2.25T spending plan, despite just a fraction going to roads, bridges
Fox News
Transportation Secretary Pete Buttigieg on Thursday defended President Biden's sprawling economic spending measure, even though just a fraction of the $2.25 trillion being billed as an infrastructure package goes toward rebuilding the nation's crumbling roads and bridges.
Biden unveiled the first part of his infrastructure proposal — dubbed the American Jobs Plan — on Wednesday, laying out a $2.25 trillion, eight-year spending plan that will be paid for by raising the corporate tax rate to 28% from 21% and increasing the global minimum tax on U.S. corporations to 21% from 13%. The plan calls for $621 billion in new spending on roads, bridges, rail, ports, waterways, airports, public transportation and electric vehicles.More Related News