Biden Unveils $2 Trillion "American Jobs Plan" Focusing on Rebuilding the Nation's Infrastructure

On Wednesday, President Joe Biden unveiled a more than $2 trillion package labeled the "American Jobs Plan" that is aimed at creating millions of good jobs, rebuilding our country’s infrastructure, and positioning the United States to out-compete China. 

Specifically, President Biden’s plan will:

1. Build world-class transportation infrastructure: fix highways, rebuild bridges, and upgrade ports, airports and transit systems. ($671 billion)
2. Rebuild clean drinking water infrastructure, a renewed electric grid, and high-speed broadband to all Americans. ($311 billion)
3. Build, preserve, and retrofit more than two million homes and commercial buildings, modernize our nation’s schools and child care facilities, and upgrade veterans’ hospitals and federal buildings. ($360 billion)
4. Solidify the infrastructure of our care economy by creating jobs and raising wages and benefits for essential home care workers. ($400 billion)
5. Revitalize manufacturing, secure U.S. supply chains, invest in R&D, and train Americans for the jobs of the future. ($580 billion)
6. Create good-quality jobs that pay prevailing wages in safe and healthy workplaces while ensuring workers have a free and fair choice to organize, join a union, and bargain collectively with their employers.

The President’s American Jobs Plan is a historic public investment – consisting principally of one-time capital investments in our nation’s productivity and long-term growth. It will invest about 1 percent of GDP per year over eight years to upgrade our nation’s infrastructure, revitalize manufacturing, invest in basic research and science, shore up supply chains, and solidify our care infrastructure. In total, the plan will invest about $2 trillion this decade.

For more information on the American Jobs Plan, visit: https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/