Infographic: What Is in the American Jobs Plan?
In May, the Administration released details for the proposed American Jobs Plan. It would be a massive investment in a range of national priorities including transportation, climate change, caregiving, and housing.
The Biden administration has proposed offsetting the spending in the $2.6 trillion package through changes to the corporate tax code, including an increase in the corporate tax rate.
The proposed spending in the American Jobs Plan covers a 10-year window and is broken down in the following ways.
Further Reading
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Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.
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GDP growth of 3 percent is significantly higher than independent, nonpartisan estimates and historically difficult to achieve.
The One Big Beautiful Bill Act Is the Most Expensive Reconciliation Package in Recent History
The legislative package will be the most expensive reconciliation bill in a quarter of a century and will add trillions of dollars to the U.S. debt.