Biden’s $2.3 Trillion Infrastructure Bill: Cheers for the Business Goodies, Jeers for the Tax Price Tag

Biden’s $2.3 Trillion Infrastructure Bill: Cheers for the Business Goodies, Jeers for the Tax Price Tag

President Joe Biden's massive infrastructure package would be sure to buoy U.S. green tech and construction companies in a big way--but businesses may chafe at how he wants to pay for it all. The proposal spans a range of infrastructure projects, including an expansion of broadband access, a boost for R&D funding on the order of $180 billion, and fixing the nation's crumbling roadways and bridges. It also calls for $2 trillion in corporate tax increases over 15 years to pay for it. Biden unveiled the proposal, dubbed the American Jobs Plan, at a trade school in Pittsburgh on Wednesday. Democrats want to pass it by July 4."Two years ago, I began my campaign here in Pittsburgh, saying I was running to rebuild the backbone of America," said Biden. "And today, I return as your President to lay out the vision of how I believe we do that--rebuild the backbone of America."Construction, Broadband, R&DThat vision includes plenty of inducements for small businesses: Obvious beneficiaries include construction firms, which would be deployed to repair and modernize 20,000 miles of highways, roads, and main-streets and fix what the White House deems the 10 "most economically significant" bridges in the country.The plan also calls for expanding broadband access across America--particularly in rural