27 votes

White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government

5 comments

  1. [2]
    dubteedub
    (edited )
    Link
    Here is a breakdown of what is included in the plan: Infrastructure: $621 billion on highways, bridges, roads, Amtrak, airports, seaports, vehicle electrification, and climate and clean...

    Here is a breakdown of what is included in the plan:

    • Infrastructure: $621 billion on highways, bridges, roads, Amtrak, airports, seaports, vehicle electrification, and climate and clean infrastructure for disadvantaged communities

    • Infrastructure “at home”: $650 billion for home retrofits, universal broadband internet, replacing lead pipes, school upgrades, and more

    • Care economy: $400 billion in care seniors and people with disabilities, as well as improving worker conditions

    • Research and development, manufacturing and training: $580 billion for clean-energy research, manufacturing, and workforce development

    • Tax overhaul - raise corporate tax rate from 21 to 28 percent, end fossil fuel subsidies, and increase tax enforcement

    WaPo Source: What’s in Biden’s $2 trillion jobs and infrastructure plan?

    White House Fact Sheet: The American Jobs Plan

    Overall I think this is an expansive policy agenda and would be a huge win. It sounds like some Democratic progressives think it does not go far enough and some centrists are balking at another huge spending package, but I hope this comes together. On its face, it sounds like it would vastly improve the lives of many Americans, move the needle in mitigating the effects of climate change, and rebuild our crumbling infrastructure. I am interested in seeing what Congress does with this Biden plan.

    21 votes
    1. ImmobileVoyager
      Link Parent
      We don't immediately think of it but home heating and cooling are a major source of climate-changing emissions. Said retrofits can be, for example, thermal insulation and replacing furnaces and...

      home retrofits

      We don't immediately think of it but home heating and cooling are a major source of climate-changing emissions.

      Said retrofits can be, for example, thermal insulation and replacing furnaces and boilers by heat pumps and electric radiators, the laters making sense only as long as the electricity is low-carbon. Such retrofits are typically beyond the budget of most homeowners, let alone tenants. The job of the government here is not only to distribute targeted low-interest loans, it is also legislating so as to force landlords to work on those retrofits. How proactive will the Congress be ? That is the question.

      4 votes
  2. Odysseus
    Link
    Honestly, a lot of this stuff feels way overdue. Yes, the package is absolutely massive, but I feel a lot of that is because we've been under-investing in infrastructure since before the end of...

    Honestly, a lot of this stuff feels way overdue. Yes, the package is absolutely massive, but I feel a lot of that is because we've been under-investing in infrastructure since before the end of the Cold War. We're basically scrambling to play catch up.

    13 votes
  3. Autoxidation
    Link
    This looks very promising and a big step in the right direction. Hopefully many parts of it pass in some form.

    This looks very promising and a big step in the right direction. Hopefully many parts of it pass in some form.

    8 votes
  4. Eric_the_Cerise
    (edited )
    Link
    First of all, yeay. This project was already overdue in the Clinton Era. Much (most?) US infrastructure dates back to Eisenhower. However, as big as it sounds ... no, it's not enough ......

    First of all, yeay. This project was already overdue in the Clinton Era. Much (most?) US infrastructure dates back to Eisenhower.

    However, as big as it sounds ... no, it's not enough ... especially if this turns out to be the high-end starting point of some kind of compromise deal with the Republicans.

    Just the other day, Biden explicitly remarked on how China is spending almost $5t (and counting) on infrastructure in other countries just to win/buy friends.

    ETA: Rethinking myself. Honestly, with numbers this large, it's really hard for me to tell how much is enough. Well-managed, properly targeted, $2t might be plenty. Fed Govt doesn't have the best track record for financial efficiency, but so far, Biden's been doing a great job overall; I'm content to see how this plays out under him.

    7 votes