While I agree with keeping America’s money in the country and lessening foreign spending, there are some concerns in Biden’s Job Plan, in particularly with the infrastructure budget.
The plan is 2.2 trillion dollars with less than 6% of the funds dedicated to roads and bridges at 115 billion dollars and 20 billion for road safety programs. However, 174 billion dollars is to go towards electric cars. Low income families cannot afford electric cars, let alone the cost of charging. Investing more money in electric cars than the roads themselves, is an example of lining the pockets of corporate companies at the sacrifice of America and its citizens.
Additionally, Biden’s corporate tax hike is at 28%. This is a higher rate than China and all major trade partners. This will make the US less competitive.