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The $1.3 Trillion Wish List

RR111419 BidenNov. 14, 2019 – Stop me if you heard this one before. If elected president, Joe Biden wants to spend $1.3 trillion on an infrastructure package that includes a transportation overhaul and rebuilding the country’s roads, bridges and tunnels while moving to net-zero carbon emissions, and he plans to finance it “by making sure the super-wealthy and corporations pay their fair share.” While the $1.3 trillion would be spent over 10 years, Biden said he’d use $50 billion his first year in office to rebuild roads and bridges, according to a campaign press release. $100 billion would be used to rebuild public schools, while $20 billion would go toward providing broadband internet access in rural areas, and $10 billion would help revitalize distressed cities. $5 billion will be invested by the Department of Energy in battery and energy storage technology to help Americans transition to driving electric cars only. An additional $2.5 billion of funding per year would go to the U.S. Army Corps of Engineers to support freight shipping, including waterways, railways and ports. $400 million will be earmarked for clean energy research to help reach Biden’s goal of net-zero carbon emissions by 2050.