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Heritage Explains

President Biden's "Infrastructure" Plan

Heritage Explains

Heritage Podcast Network

Education

4.7847 Ratings

🗓️ 26 April 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

President Biden is proposing a massive spending plan to supposedly build and rebuild America's infrastructure. While the plan relies on the moderate and uncontroversial term "infrastructure," less than 5% would actually go toward traditional road infrastructure projects. Rather, it will be spent on corporate welfare, tax credits, and the left's radical "green" agenda. On this episode, we learn what's in this plan, how much it will cost, and how we're going to pay for it (HINT: Taxes are likely going up).  


Show Notes

9 Things You Need to Know About Biden's "Infrastructure" Spending Plan





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Transcript

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0:00.0

From the Heritage Foundation, I'm Tim Desher, and this is Heritage Explains.

0:19.3

Another thing they're looking to do is to spend trillions of dollars on quote-unquote infrastructure.

0:29.6

Again, supposedly to juice the economy, but in reality mostly going to benefit a handful

0:37.1

of left-leaning constituencies.

0:39.1

And you're left with two bad options.

0:41.7

Either they just put this on the national credit card, which is already overloaded,

0:45.5

or as Senator Manchin has been saying, what he'd like to do is get rid of all the 2017 tax cuts

0:52.9

and use that to pay for more federal spending.

0:56.8

That definitely would not help choose the economy.

1:00.3

That's David Ditch on a prior episode of Heritage Explains that focused on the so-called COVID

1:06.6

relief package and how it hardly spent money on COVID relief.

1:11.6

He was concerned that passing a law like this would inspire leftists to use the same

1:16.5

strategy on things like infrastructure in the future.

1:21.5

Well, just over a month later, he was proven right.

1:35.7

Music He was proven right. President Biden and his cohorts in the Democrat Party

1:38.7

are now pushing for a, quote-unquote, infrastructure spending bill.

1:47.8

Here's President Biden introducing his new plan.

1:56.9

I'm proposing a plan for the nation that rewards work, not just rewards well. It builds a fair economy that gives everybody a chance to succeed and it's going to create the strongest,

2:02.0

most resilient, innovative economy in the world.

2:06.9

It's not a plan that tinkers around the edges.

2:10.2

It's a once-in-a-generation investment in America.

2:14.3

Unlike anything we've seen or done since we built the interstate highway system

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