Experts from various economic and energy groups denounced President Joe Biden’s sweeping infrastructure package, specifically taking aim at its massive price tag and emphasis on green-energy proposals favored by progressives and climate activists.
Biden introduced his infrastructure package, dubbed the American Jobs Plan, during an address Wednesday in Pennsylvania.
A White House fact-sheet stated the plan will cost at least $2 trillion dollars over a decade and senior administration officials noted it would be funded primarily by raising the corporate tax rate to what it was before the Trump administration’s 2017 tax cuts.
Stephen Moore, an economist who served in the Reagan administration, expressed concerns about government spending under the Biden administration.
The president signed a $1.9 trillion COVID-19 relief package into law earlier in March, and he is potentially eyeing a $5 trillion spending blitz on infrastructure and other campaign promises, according to Axios.
“That’s $6 to $7 trillion of spending and debt, which is almost twice what the U.S. government spent to finance the Revolutionary War, the Civil War, World War I, World War II, and the Cold War — adjusted for inflation,” Moore told the Daily Caller in a statement.
While the infrastructure package calls for at least $2 trillion in federal spending, just $621 billion goes to “transportation infrastructure and resilience,” according to the White House fact-sheet.
The proposal sets aside $115 billion for highways, bridges, and roads along with $165 billion for public transit and investments in passenger and freight rail. An additional $42 billion goes to airports, water transit, and ports.
The Biden administration notably included a number of spending items not directly related to infrastructure, according to the White House fact-sheet.
For example, the proposal sets aside $20 billion for projects that “advance racial equity and environmental justice.”
The proposal also includes a $100 billion investment in public schools, including funding for school lunches to “go green by reducing or eliminating the use of paper plates and other disposable materials.”
The COVID-19 relief package Biden signed earlier in March had already allocated $128.5 billion for public schools.
The largest infrastructure-related spending item noted in the Biden administration’s proposal is a $174 billion investment in electric vehicles.
The provision sets aside billions of dollars for research and development into the emerging technology along with efforts to set up electric vehicle charging stations nationwide.
Climate change is mentioned repeatedly throughout the White House fact-sheet, suggesting the president’s climate agenda is a core pillar of his infrastructure package. Biden previously pledged to spend $2 trillion on climate change.
But progressive Democrats have argued his plans do not go far enough. Massachusetts Sen. Ed Markey introduced legislation earlier this week that would spend $10 trillion on climate change.
An emphasis on climate change may also suggest Biden’s spending package, marketed as an infrastructure plan, is really a climate-oriented plan that would allocate more money to the green energy industry than building or repairing infrastructure.
“Americans deserve truth-in-advertising from our elected officials,” Heartland Institute president James Taylor told the Daily Caller in a statement.
“There is no reason for an infrastructure plan to include tens of billions of dollars, or hundreds of billions of dollars, in gifts to the already heavily subsidized renewable energy industry.”
Climate policy experts also told the Daily Caller that Biden’s plan to spend more money on electric vehicles and other green agenda items rather than actual infrastructure-related items amounted to “wasteful” subsidies to the green-energy industry.
Read rest at Daily Caller
Biden the Stupid as always with the Democ-Rats its alll about Pork lots and lots of Pork so much pork it Oinks