We discuss the Biden Administration’s proposed $2.3 trillion infrastructure and green energy plan, also known as the American Jobs Plan. It would be one of the largest public, government investments in years. Included in the plan would be hundreds of billions of dollars for rebuilding the nations roads, bridges, and tunnels; expanding high speed broadband; upgrading schools; strengthening the power grid and shifting towards clean energy; boosting the electric vehicle market; expanding public transportation; investing in affordable housing; investing in research and development and job training programs; and supporting the caretaking economy. You can read more about what’s in the plan here: https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/ (https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/). We think these are great investments to make.

One of the ways the Biden administration is proposing to pay for the plan is through increasing taxes on the wealthiest corporations. We also think that’s a good idea, considering that America’s wealthiest corporations are often highly profitable and evade paying taxes through a variety of mechanisms. This is especially true given that recent studies reaffirm that the wealthiest individuals and corporations abscond from paying at least hundreds of billions of dollars in taxes every year, which we’ll discuss in the second half of our show (for example (1) https://trac.syr.edu/tracirs/latest/641/ (https://trac.syr.edu/tracirs/latest/641/) and (2) https://itep.org/55-profitable-corporations-zero-corporate-tax/)

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