President Joe Biden unveiled a sweeping $2.25 trillion infrastructure plan today that calls for investing $213 billion to produce, preserve, and retrofit more than 2 million affordable and sustainable places to live.
The American Jobs Plan also seeks to:
- Build and rehabilitate more than 500,000 homes for low- and middle-income home buyers.
- Specifically, he wants Congress to pass the Neighborhood Homes Investment Act, which would offer about $20 billion worth of tax credits;
- Eliminate exclusionary zoning and harmful land-use policies;Address longstanding public housing capital needs by investing $40 billion to improve the public housing system; andSet the corporate tax rate at 28%.
The infrastructure plan also includes major transportation, water, energy, and broadband initiatives.
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