https://asiatimes.com/2021/04/biden-2-3-tn-boondoggle-is-no-challenge-to-chin
Democrats would hike corporate taxes without restoring the R&D incentives that the Trump tax cut eliminated.
President Joe Biden’s proposed $2.3 trillion spending package unveiled March 31 should have come a day later, as an April Fool’s exercise.
Labeled an infrastructure package, it offers just $447 billion for transportation infrastructure over eight years. That’s less than a quarter of the most widely accepted estimates for the US infrastructure deficit.
On February 21, Biden told a group of US senators, “If we don’t get moving, [the Chinese] are going to eat our lunch. They’re investing billions of dollars dealing with a whole range of issues that relate to transportation, the environment and a whole range of other things. We just have to step up.”
Biden might as well instruct Secretary of State Blinken to ask the Chinese if they want fries with that.
Most of the $2.3 trillion will buy votes rather than infrastructure, including $400 billion for “elder and disability care,” $213 billion for “green and affordable homes,” $174 billion for electric vehicles, $137 billion for “school and childcare infrastructure,” $100 billion for “job training” and so forth.