On March 31, 2021, President Biden unveiled his $2 trillion
infrastructure plan, the American Jobs Plan (AJP), which comes on the
heels of the enactment of last month's $1.9 trillion
COVID-recovery legislation, the American Rescue Plan.
The AJP calls for $650 billion in infrastructure projects
relating to clean drinking water, high-speed broadband, and
affordable housing, and $621 billion for transportation projects,
including highways, bridges, roads, railroads, and public
transit. It also includes $400 billion for home and
community-based care for elderly and disabled people, and $580
billion for research and development, workforce development,
manufacturing, and small business. The AJP would be paid for
in part by raising the corporate tax rate and the global minimum
tax.
