HB Ad Slot
HB Mobile Ad Slot
American Jobs Plan, By the Numbers
Friday, April 2, 2021

On March 31, 2021, President Biden released details on the American Jobs Plan, which provides funding for infrastructure, clean energy, innovation and R&D, manufacturing and workplace support, and the caregiving economy. The proposal also includes revenue increase proposals to partially offset the new initiatives. Here is a summary of the amounts proposed in each major category:

INFRASTRUCTURE AND CLEAN ENERGY

Transportation Infrastructure

$ 621 billion

Roads and Bridges

$ 115 billion

 

Public transit

$ 85 billion

 

Passenger and Freight Rail

$ 80 billion

 

Road safety

$ 20 billion

 

Electric vehicles

$ 174 billion

 

Airports, ports, waterways

$ 42 billion

 

Reconnect neighborhoods

$ 20 billion

 

Large projects

$ 25 billion

 

Resilience

$ 50 billion

 

Other

$ 10 billion

 

Water, Electricity, Broadband

$ 311 billion

Drinking water

$ 111 billion

 

EPA state fund ($45 billion)

 

 

Water systems ($56 billion)

 

 

PFAS ($10 billion)

 

 

Broadband

$ 100 billion

 

Electric Power

$ 100 billion

 

Electric grid

 

 

Extend clean energy ITC, PTC; establish EECES

 

 

Reclamation ($16 billion)

 

 

Brownfield, Superfund ($5 billion)

 

 

Carbon capture and sequestration

 

 

Civilian Conservation Corps ($10 billion)

 

 

Homes and Buildings

$ 378 billion

Retrofit Homes and Buildings

$ 213 billion

 

Affordable rental housing

 

 

NHIA tax credits ($20 billion)

 

 

Zoning incentives

 

 

Public housing ($40 billion)

 

 

Clean Energy Accelerator ($27 billion)

 

 

Education and Child Care Facilities

$ 137 billion

 

Public School modernization ($ 100 billion)

 

 

Community Colleges ($ 12 billion)

 

 

Child Care ($25 billion)

 

 

VA Hospitals

$ 18 billion

 

Federal Buildings

$ 10 billion

 

SUBTOTAL, INFRASTRUCTURE AND CLEAN ENERGY

$ 1.310 trillion

CAREGIVING ECONOMY

Expand Medicaid Home and Community-based Care

$ 400 billion

INNOVATION AND R&D

Future technologies

$ 180 billion

NSF

$ 50 billion

 

Rural, additional R&D

$ 30 billion

 

Research labs

$ 40 billion

 

Climate R&D

$ 35 billion

 

HBCUs/MSIs

$ 25 billion

 

Retool and revitalize manufacturing

$ 300 billion

Commerce supply chains

$ 50 billion

 

Semiconductors

$ 50 billion

 

Medical countermeasures

$ 30 billion

 

Clean energy (EV, nuclear)

$ 46 billion

 

Regional innovation hubs

$ 20 billion

 

NIST

$ 14 billion

 

Manufacturing extension partnerships

$ 2 billion

 

Capital access, sec. 48C

$ 52 billion

 

Small business incubators

$ 31 billion

 

Rural Partnership program

$ 5 billion

 

Workforce Development

$ 100 billion

Dislocated Workers program

$ 40 billion

 

Underserved communities

$ 12 billion

 

Apprenticeships, STEM

$ 48 billion

 

SUBTOTAL, INNOVATION AND R&D

$ 580 billion

 

 

 

TOTAL

$ 2.290 trillion

LABOR REFORMS

  • Enact the Protecting the Right to Organize Act

  • Apply labor standards to infrastructure, clean energy funding recipients

  • Increased penalties for workplace safety and health violations

REVENUES

  • Raise Corporate Rate to 28%

  • Increase Global Minimum Tax to 21%

  • Global agreement on minimum corporate tax

  • Limit Corporate Inversions

  • Deny Offshoring deductions, create Onshoring credit

  • Repeal Foreign Derived Intangible Income deduction

  • 15% minimum on corporate book income

  • Eliminate fossil fuel tax incentives

  • Increase corporate enforcement

HB Ad Slot
HB Ad Slot
HB Mobile Ad Slot
HB Ad Slot
HB Mobile Ad Slot
 
NLR Logo
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins