Technology accounts for a big chunk of Biden's infrastructure plan and how he plans to pay for it.

[Spartan]

Here are some key technology-linked initiatives in the plan:

• A pillar of Biden's tech-focused spending is a proposed $100 billion investment in high-speed broadband. The plan calls for achieving "100 percent coverage," particularly for unserved and underserved areas and tribal lands. Federal estimates show that tens of millions of Americans still lack broadband at home, a digital divide that has been exacerbated during the pandemic as many were forced to work and learn remotely.
• In addition, Biden calls for $174 billion that will go toward, among other things, building a national network of half a million electric vehicle chargers by 2030. The money will also be used to encourage automakers to build EVs and cutting-edge batteries within the United States, and to give consumers new incentives to buy electric cars.
• The plan proposes $180 billion in technology R&D, focusing on the competitive threat posed by China and on what the administration describes as critical technologies of the future. Covered technologies include artificial intelligence, quantum computing and climate-related research on carbon capture, energy storage and emerging sources of energy such as biofuels and hydrogen.
• It also calls for $50 billion specifically to fund semiconductor manufacturing and research, amid a global shortage in chip supply that has made developing a domestic source of semiconductors an urgent priority. 

Scattered throughout the proposal, these tech-focused funding threads collectively account for some of the most expensive spending priorities in the entire plan.

[Spartan]

• Vulcan Materials
• Martin Marietta Materials
• Vale
• Nucor
• Caterpillar
• Deere
• United Rentals
• Freeport McMoran
• Brookfield Infra
• Eaton
• Crown Castle Int
• Global X US infra - ETF.

 

keep an eye for these.

[betapilli]

Cleveland steel look out for this

[Spartan]

Here are some key things we know are in Biden's infrastructure proposal, according to the White House:

• Transportation ($621 billion) Funding improvements to roads, bridges, railways and other infrastructure has been a central piece of Biden's recovery plans. He has said that it will create "really good-paying jobs" and help the nation compete better. Biden would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in service of improving air quality, reducing congestion and limiting greenhouse gas emissions.
• Home care services and workforce ($400 billion) Biden would provide $400 billion to bolster caregiving for aging and disabled Americans. His plan would expand access to long-term care services under Medicaid, eliminating the wait list for hundreds of thousands of people. It would provide more opportunity for people to receive care at home through community-based services or from family members.
• Manufacturing ($300 billion) Biden wants to put $300 billion toward boosting manufacturing. Under his plan, $50 billion of the money would be invested in semiconductor manufacturing and another $30 billion would go towards medical manufacturing to help shore up the nation's ability to respond to a future outbreak. Some of the funds would be carved out for manufacturers that focus on clean energy, rural communities, and programs that give small businesses access to credit. About $20 billion would be used to create regional innovation hubs that would support community-led projects.
• Digital infrastructure ($100 billion) Biden wants to invest $100 billion in order to give every American access to affordable, reliable and high-speed broadband. The proposal would build a high-speed broadband infrastructure in order to reach 100% coverage across the nation. The plan would aim to promote transparency and competition among internet providers.
• Housing ($213 billion) The plan would invest $213 billion toward building, renovating and retrofitting more than two million homes and housing units. Biden is calling on Congress to produce, preserve and retrofit more than a million affordable and energy efficient housing units. The plan would also build and rehabilitate more than 500,000 homes for low- and middle-income homebuyers.
• Schools ($100 billion) Biden calls for $100 billion to build new public schools and upgrade existing buildings with better ventilation systems, updated technology labs, and improved school kitchens that can prepare more nutritious meals.
• Workforce development ($100 billion) The President would allocate $100 billion to workforce development — helping dislocated workers, assisting underserved groups and getting students on career paths before they graduate high school.

[Spartan]

Here's how Biden plans to pay for his proposal:

• Corporate tax hike: Biden would raise the corporate income tax rate to 28%, up from 21%. The rate had been as high as 35% before former President Donald Trump and congressional Republicans cut taxes in 2017.
• Global minimum tax: The proposal would increase the minimum tax on US corporations to 21% and calculate it on a country-by-country basis to deter companies from sheltering profits in international tax havens.
• Tax on book income: The President would levy a 15% minimum tax on the income the largest corporations report to investors, known as book income, as opposed to the income reported to the Internal Revenue Service.
• Corporate inversions: Biden would make it harder for US companies to acquire or merge with a foreign business to avoid paying US taxes by claiming to be a foreign company. And he wants to encourage other countries to adopt strong minimum taxes on corporations, including by denying certain deductions to foreign companies based in countries without such a tax.

[Spartan]

@Vaampire  corporate gallaki rod dimpadu..

need to see how it drills down to workers.

[Vaampire]

16 minutes ago, Spartan said:

@Vaampire  corporate gallaki rod dimpadu..

need to see how it drills down to workers.

Butterfly effect untadhi

[Vaampire]

@Spartan any mention about tax payers with >400k house hold income?

[Spartan]

2 minutes ago, Vaampire said:

@Spartan any mention about tax payers with >400k house hold income?

3 minutes ago, Vaampire said:

Butterfly effect untadhi

 

[SwamyRaRa]

So red continue ha tech stocks