The I-90 needs a spa day... More like a spa decade. Last week, Biden unveiled his long-awaited $2.3T infrastructure plan. TLDR: give America's old infrastructure a major facelift. It's currently rated a C- (passable, but not LinkedIn-able). The plan also seeks to make America as green as the inside of a perfectly ripe avo. Some highlights:
Like mink eyelash extensions... this makeover is pricey — $2.3T over eight years. It would be the biggest federal investment program since the '60s Space Race. Biden is trying to get the plan approved by summer. But that could be tough in the narrowly divided Congress...
The US economy is at a crossroads... No infrastructure pun intended. Covid expanded the government's role in American lives (think: historic spending on the #StimulusTrilogy). One year and $5T+ later, the pandemic is waning... and America is at a crossroads. If Biden's plan passes, it would chart a post-pandemic future in which Uncle Sam plays a major role. These unprecedented investments could spur sustainable economic growth and help reduce inequality. On the flip side, higher taxes could mean lost profits for companies, which could affect wages and growth.