Biden's Two Trillion Dollar Plan: The Details

On March 31, 2021, Joe Biden and the White House revealed a mammoth 2 trillion dollar plan for the development of jobs, infrastructure, and climate protection. Under what is called the American Jobs Plan, President Joe Biden aims to resolve many of America’s current dilemmas: from climate change reform to healthcare provision - many of the US’ most fundamental attributes are in desperate need of amelioration; even the nation’s infrastructure was graded a C- score by the American Society of Civil Engineers.

In a speech, Biden proposed his plan at the United Brotherhood of Carpenters and Joiners of America Pittsburgh Training Center. His aim was to pitch the idea that this plan would restore the booming economy America is renowned for. The administration claims that this plan would bring the most significant amount of jobs since World War II, and that organizations and companies would be able to employ thousands of electricians and laborers for various projects - such as laying miles of electrical grids and capping hundreds of oil wells. Another claim is that the American Jobs Plan would make America the global leader in emerging sectors - mostly related to technology and energy such as biotechnology. Here is a breakdown of the American Jobs Plan:

credit: ABC News

Transportation ($621 billion invested)

Transportation is directly related to the effects of climate change. From roads to further widespread use of electric vehicles, revamping and reconstructing transportation infrastructure is a central goal of the Biden administration for national recovery. Specifically, Biden aims to spend $621 billion on roads, bridges, railways, waterways, airports, electric vehicles, improving air quality, and limiting greenhouse gas emissions. $115 billion would support the development of 20,000 highways and roads. A corresponding $20 billion has been set to reduce the safety risks that stem front road traffic. In addition, Biden will be funding the repairing of airports with $25 billion and $17 billion to inland waterways, ports, and ferries. All of this investment is said to be reimbursed with the skyrocket of job opportunities.

Home Care Services and Workforce ($400 billion invested)

The administration is said to be providing $400 billion for caregiving of the aging and disabled. This would open up advantages such as the convenience of receiving care from the comfort of your home. Workers within the health and social care sector will receive an increase in their salary; the average wage of caregivers is currently only 12 dollars per hour despite the mental and physical exhaustion many face daily, which has only been exacerbated by the impact of coronavirus.

Manufacturing ($300 billion invested)

In terms of industry, $50 billion has been promised to semiconductor manufacturing in conjunction with $30 billion to medical manufacturing resources - this is arguably a safe, preparatory move if there were to be another outbreak as serious as coronavirus. A huge proportion will also be dedicated to the manufacturing of green products such as electric cars, an increased amount of charging ports, and electric heat pumps.

credit: Wall Street Journal

Housing ( $213 billion invested)

Accessible housing is needed now more than ever, and Biden promises to invest 213 billion dollars toward building, renovating, and retrofitting more than two million homes and housing units— this is inclusive of the minimum of 500,000 homes set to be built for the benefit of low to middle-income families.

There are many other details to this plan; you can find out more information here.