First Information Came From The New Spending Plan Of The USA

The first information came from the new spending plan of the USA. Details of the new package have begun to appear.

US President Joe Biden is preparing to present his new $ 2.25 trillion infrastructure plan to the public. According to a statement from the White House, Biden's plan aims to integrate the country against problems related to the climate crisis and China's authoritarianism. The eight-year investment plan, consisting of four stages, foresees an expenditure of 620 billion dollars for transportation, and includes 650 billion dollars for infrastructure projects such as clean water and fast internet. Aiming to strengthen production in the US with the $ 580 billion part of the package, Joe Biden plans to improve the care of the elderly and the disabled with the $ 400 billion part. In the statement, it was also noted that the planned investments will be achieved with tax increases in the next 15 years. With the plan, it is expected that the US corporate tax will be increased from 21 percent to 28 percent, and a 21 percent minimum tax will be imposed on the global profits of companies. It was informed that Biden will announce the details of the plan in Pittsburgh. The reason for choosing this location was explained as the city became a center of attraction with new industries which will set an example for the new plan.