President Biden announced a $2 trillion infrastructure/jobs plan that includes significant new funding for roads, bridges and transit systems. The $2 trillion would be spent over eight years.
The proposal is divided into these categories:
- How We Move (including transportation infrastructure): $600 billion
- How We Live at Home (including drinking water, broadband, public housing): $650 billion
- How We Care (including raising wages and benefits for home-care workers): $400 billion
- How We Make and Create (including increased research and development spending): $580 billion
A White House summary of the plan provides more details on the sources of revenue for the plan and the areas that would be addressed.