Biden’s 2.5T infrastructure plan

[fredw]

Biden looking to spend some 2.5 trillion over next decade on bridges, ports, rds, tunnels, high speed trains, airports.. plans to raise corporate tax rate from 21 to 28 percent to pay for it

AOC was talking tonight they plan in Congress to try in raise that up to 10t over the ten years before it goes to senate, that’s one big stimulus

https://www.google.ca/amp/s/www.wsj...il-2-trillion-infrastructure-plan-11617181208

we sure could use some infrastructure up here as well, wonder if he will follow tax heights similar.. get ready to be bent over

 

[ABMax24]

Can't have it all, someone's got to pay for all the money Biden has handed out. Too bad at 28% corporate tax there will be even less working people in the US to tax and repay that debt.

IMO the US Gov't had already dug a hole of debt they could never get out of, Biden is just doubling down on that. The US can't be a net importer of goods forever, eventually other countries are going to want either goods or money back.

 

[snopro]

Yeah just think of the interest on 1 trillion dollars alone. It would be staggering

 

[snopro]

AOC is as about as stupid a politician as you can get. A former bartender who thinks money grows on trees. The younger generation will be the death of us I fear.

 

[rightsideup]

AOC is as about as stupid a politician as you can get. A former bartender who thinks money grows on trees. The younger generation will be the death of us I fear.

I am still befuddled how Harper got voted out. Balanced budgets, booming economy and going thru the us financial crisis not good enough for the youngins?

 

[ABMax24]

I am still befuddled how Harper got voted out. Balanced budgets, booming economy and going thru the us financial crisis not good enough for the youngins?

legalized pot

 

[BILTIT]

I am still befuddled how Harper got voted out. Balanced budgets, booming economy and going thru the us financial crisis not good enough for the youngins?

He didnt, he was replaced by a chosen puppet.

If you still think elections are representative of what the people vote....you have some digging to do.

 

[Cdnfireman]

Of the 2.5 trillion only 650 billion or so is actually going for infrastructure. The rest is progressive pet projects that benefit few people other than the special interests. And when you work the numbers for spending vs payback with actual tax generated revenue, the payback time is unachievable. It’s scary that people in government can be that financially illiterate.

 

[j335]

Good for them increasing the corporate tax rate, make Canada more competitive.

Biden is great for Canada by harming the US....

 

[fredw]

More detailed breakdown.


Biden would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in service of improving air quality, reducing congestion and limiting greenhouse gas emissions.

His proposal calls for allocating $115 billion to modernize 20,000 miles of highways, roads and main streets, and $20 billion to improve road safety for all users. It would fix the "most economically significant large bridges" and repair the worst 10,000 smaller bridge

Biden would also invest $85 billion to modernize existing transit and help agencies expand their systems to meet demand. This would double federal funding for public transit.

Another $80 billion would go to address Amtrak's repair backlog and modernize the Northeast Corridor line between Boston and Washington DC -- the line Biden relied on for decades to get home to Delaware -- as well as to connect more cities

Also, the President would funnel $25 billion to airports and $17 billion to inland waterways, ports and ferries

Biden is also proposing to accelerate the shift to electric vehicles with a $174 billion investment in the electric vehicle market. It includes giving consumers rebates and tax incentives to buy American-made electric vehicles and establishing grant and incentive programs to build a national network of 500,000 charging stations by 2030. It would also replace 50,000 diesel transit vehicles and electrify at least 20% of yellow school buses.

Biden would provide $400 billion to bolster caregiving for aging and disabled Americans

 

[BILTIT]

...

 

[Zrock]

going to have to raise cooperate taxes way more than that. Especially if he gets all these pipelines closed coming over the border they are going to loose a huge tax base... between lost jobs and closed buisnesses

 

[LennyR]

More detailed breakdown.


Biden would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in service of improving air quality, reducing congestion and limiting greenhouse gas emissions.

His proposal calls for allocating $115 billion to modernize 20,000 miles of highways, roads and main streets, and $20 billion to improve road safety for all users. It would fix the "most economically significant large bridges" and repair the worst 10,000 smaller bridge

Biden would also invest $85 billion to modernize existing transit and help agencies expand their systems to meet demand. This would double federal funding for public transit.

Another $80 billion would go to address Amtrak's repair backlog and modernize the Northeast Corridor line between Boston and Washington DC -- the line Biden relied on for decades to get home to Delaware -- as well as to connect more cities

Also, the President would funnel $25 billion to airports and $17 billion to inland waterways, ports and ferries

Biden is also proposing to accelerate the shift to electric vehicles with a $174 billion investment in the electric vehicle market. It includes giving consumers rebates and tax incentives to buy American-made electric vehicles and establishing grant and incentive programs to build a national network of 500,000 charging stations by 2030. It would also replace 50,000 diesel transit vehicles and electrify at least 20% of yellow school buses.

Biden would provide $400 billion to bolster caregiving for aging and disabled Americans

$ 5,750,000 per mile to modernize roads ????

 

[The big greasy]

$ 5,750,000 per mile to modernize roads ????

Lol yes but they are very nice roads haha

 

[lilduke]

When you just print the money, it's going to lose buying power.

10 trillion wont even get as much done as it would have a few years ago....


Inflation is worse than being taxed. Just empty promises.

 

[Legend14]

2914712[/URL]]When you just print the money, it's going to lose buying power.

10 trillion wont even get as much done as it would have a few years ago....


Inflation is worse than being taxed. Just empty promises.

You mean like when a loaf of bread is $500? Welcome to the near future in both countries run by the mentally ill.

 

[BILTIT]

Its a means to an end, destroying a country. This convenient virus "allows" them the luxery of spending like a teenager who won the lottery, by the time people realize how much has been spent the countries will be bankrupt. Guess what happens at that point? Who owns the majority of western countries these days? Collection time....

 

[lilduke]

You mean like when a loaf of bread is $500? Welcome to the near future in both countries run by the mentally ill.

That is hyper inflation. But yeah that's what I mean.

The price of stuff is definitely going to be going up.

 

[lilduke]

Its a means to an end, destroying a country. This convenient virus "allows" them the luxery of spending like a teenager who won the lottery, by the time people realize how much has been spent the countries will be bankrupt. Guess what happens at that point? Who owns the majority of western countries these days? Collection time....

At some point people holding our currencys will want something for it, and they will buy up assets with that money.


That is already happening all over Canada. Look at the house prices in Vancouver. 1.5mil doesnt get you much...

 

[fredw]

He’s got strong support so far, wonder if this will make it slip or improve

[FONT=&quot]President Biden’s handling of the pandemic and coronavirus economy has helped fuel a 61-percent job approval rating as he enters his third month in office, according to a new poll from The Associated Press-NORC Center for Public Affairs Research published Wednesday. [/FONT]
[FONT=&quot]The study found an overwhelmingly positive job approval rating among Democrats — 96 percent — despite just 22 percent of Republicans saying they approve of the job he's doing. [/FONT]
[FONT=&quot]Biden’s overall approval from 6 in 10 Americans sits well above ratings measured for his predecessor, former President Trump, at the same point in 2017[/FONT]