How Biden Plan Could Impact Manufacturers

President Biden released his much-anticipated American Jobs Plan during a speech in Pittsburgh. The massive $2.25 trillion economic package includes $1.3 trillion for infrastructure spending and another $980 billion in investments in R&D, workforce development, manufacturing and eldercare. A number of specific policy proposals included in the eight-year spending initiative could impact equipment manufacturers. 

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The Biden Proposal

April 2, 2021 – President Joe Biden’s eight-year infrastructure plan is nothing if not ambitious. The proposal – part of The American Jobs Plan – would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in the service of improving air quality, reducing congestion and limiting greenhouse gas emissions. I like roads and bridges part of…

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