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Biden Says 'Inaction Not an Option' on $2.25 Trillion Infrastructure Plan

Bloomberg Quicktake: Now
President Joe Biden promoted his $2.25 trillion infrastructure plan in a White House speech on Wednesday, and described its passage as urgent to keep the U.S. competitive against China.

“It’s a once-in-a-generation investment in America,” Biden said. “It is a the single largest investment in American jobs since World War II.”

Ahead of his remarks, administration officials said the plan -- criticized by many congressional Republicans for including corporate income taxes -- enjoys broad support from ordinary Americans and is overdue after decades of under-investment in roads, child care and other programs.

White House Press Secretary Jen Psaki declared that “the evidence is unanimous that the American people support” Biden’s vision for the U.S. economy, citing initial polling around the infrastructure plan.

Biden seeks to pressure lawmakers to back the proposal by rallying support from voters. Republicans have balked at the level of spending the president proposed and the plan’s priorities, including hundreds of billions of dollars for child and elderly care, in addition to objections over the tax increases.

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