Joe Biden: We Cannot Afford Not to Spend $2.5 Trillion on My Infrastructure Plan
President Joe Biden urged Americans to rally behind his dramatic $2.5 trillion economic plan on Wednesday.
â€œPut simply, these are investments we have to make, we can afford to make them,â€ he said. â€œPut another way, we canâ€™t afford not to.â€
Biden detailed his plan Wednesday afternoon during a speech in Pittsburgh and said the multi-trillion plan was only the first part of his proposed spending initiative to â€œbuild back better.â€
The presidentâ€™s plan spends roughly $639 billion on traditional infrastructure but more than a trillion on proposals that have less to do with infrastructure and more to do with climate change and clean energy goals, expanding health care, and affordable housing.
Biden promised to raise taxes to help pay for his proposed plan.
He emphasized the need to raise the corporate tax from 21 percent to 28 percent.
â€œNo one should be able to complain about that,â€ he said.
He vowed to end various loopholes to keep companies like Amazon and other top 500 corporations from paying zero taxes.
â€œI donâ€™t want to punish them but thatâ€™s just wrong,â€ he said.
Despite his planned tax increases, Biden appeared hopeful that Republicans would work with him, asserting that every Republican member of congress realized the importance of spending on infrastructure.
â€œThey know China and other countries are eating our lunch,â€ he said. â€œThere is no reason why it canâ€™t be bipartisan again.â€
Biden promised to meet with Republicans at the White House to discuss his plan and said he would be open to suggestions to improve his plan.
â€œWeâ€™ll have a good-faith negotiation with any Republican,â€ he said.https://www.breitbart.com/politics/2021/03/31/joe-biden-we-cannot-afford-not-to-spend-2-5-trillion-on-my-infrastructure-plan/