Biden Releases $1.3 Trillion Infrastructure Plan Funded by Taxing ‘The Super-Wealthy and Corporations’

Biden Releases $1.3 Trillion Infrastructure Plan Funded by Taxing ‘The Super-Wealthy and Corporations’
Democratic Presidential candidate former Vice President Joe Biden speaks during a campaign stop in Davenport, Iowa, on Oct. 16, 2019. Scott Olson/Getty Images
Bill Pan
Bill Pan
Reporter
|Updated:
Democratic presidential candidate Joe Biden announced an infrastructure plan that would spend $1.3 trillion over a 10-year span, aiming to overhaul the country’s transportation and reduce greenhouse gas emission to zero. He said the plan would be funded “by making sure the super-wealthy and corporations pay their fair share.”

The plan to “Invest in Middle-Class Competitiveness” involves renovating old railways, highways, ports, and airports across the country. It also targets high-poverty areas that lack access to high-quality, reliable public transportation, pledging to install new light rail networks, bus lines, and bike lanes so the residents have more transportation options.