And welcome to Fast Money President Biden, speaking in Pittsburgh, laying out his massive

infrastructure spending plan, also laying out his plan to pay for it, which would include

tax increases on the wealthy as well as corporate America. Let's get straight to Elon

Moe with all the details, Elon. Well, listen, the president there trying to strike an inspirational

tone calling on the country to consider the possibility of American innovation,

but also underscoring the fact that what he's calling a once-in-a-generation investment

infrastructure is also visibly responsible. A few new details that he shared during that speech

included that raising the corporate tax rate to 28% would raise a trillion dollars over the span

of 15 years. He also said that establishing that global minimum tax on foreign income,

that would raise another trillion dollars. And he went beyond what the White House had said previously,

which is that the two trillion dollars in infrastructure spending would be paid for over 15

years. He said that it would be more than paid for over that period of time, that they could

even raise more revenue to make up for that amount of spending, that historic amount of spending,

because he said that this is going to be not just about paying for infrastructure, but also

about making America more competitive. So you're starting to hear the argument that Democrats are

going to make against Republicans and against some business groups that say that raising taxes on

businesses would actually make American companies less competitive, particularly overseas.

What the Democrats are saying and what President Biden laid out today is that by creating jobs

and creating new opportunities for investment, that is actually going to improve American competitiveness

and create a path forward for a stronger economy. We'll see Melissa how that ends up playing

with Republicans, particularly on Capitol Hill, who are already signaling that they are not going to

vote to unwind some of the tax cuts that they put into place just four years ago, but hear the

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