President Biden announces US reinforcement plan 'American Jobs Plan', plans to eliminate subsidies for fossil fuels and make people total broadband

President Joe Biden, who became the 46th President of the United States on January 21, 2021, plans to reinforce the United States to strengthen the pandemic and weakened economy caused by the new coronavirus infection (COVID-19). 'American Jobs Plan ' has been announced. Employment creation, infrastructure restructuring, public investment, transition to clean energy, etc. are the core of the plan, and the attitude of 'competing against China' is consistently stated.

FACT SHEET: The American Jobs Plan | The White House
https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/

What is in the Biden infrastructure plan? --The Washington Post
https://www.washingtonpost.com/us-policy/2021/03/31/what-is-in-biden-infrastructure-plan/

What's in the $ 2 trillion jobs bill? Joe Biden's American Jobs Act, explained. --Vox
https://www.vox.com/2021/3/31/22357179/biden-two-trillion-infrastructure-jobs-plan-explained

The newly announced American Jobs Plan, which states in the preface that 'America is the wealthiest country in the world,' said, 'But in decades when it comes to the overall quality of infrastructure. Roads, bridges and water systems are collapsing due to investment cuts, 'he said. He also addressed the issue of R & D and manufacturing lagging behind China, saying that investment in such infrastructure and industries is more important than ever.

Specific commitments include 'repairing highways, rebuilding bridges, upgrading ports, airports and transportation systems', 'equipped with high-quality water systems, power networks and high-speed broadband', and 'increasing wages and benefits for care workers'. 'Investment in revitalization of manufacturing industry and research and development' 'Guarantee of workers' union membership and collective bargaining right to employers' 'Purchase of EV vehicles' 'Tax reform', etc. The main return to is.

According to The Washington Post, a large letter from the United States, the total 'specified amount' in this American Jobs Plan is $ 621 billion for public infrastructure and $ 650 billion for housing infrastructure. (72 trillion yen), 400 billion dollars (about 44 trillion yen) for welfare-related, and 580 billion dollars (about 64 trillion yen) for manufacturing and research-related will be invested. In particular, a large amount of $ 100 billion (about 11 trillion yen) has been allocated for 'national total broadband', and President Biden does not even have the lowest level of broadband, which is estimated to be '30 million people' with this budget. It is expected to rescue Americans.

It was also revealed that $ 174 billion (about 19 trillion yen) will be invested in the EV vehicle market. President Biden has pledged to 'replace 600,000 government vehicles with EV vehicles made in the United States,' but this announcement not only purchases vehicles, but also 'makes 20% of school buses throughout the United States EV vehicles.' And plans to 'provide tax incentives for EV vehicle purchases' have been revealed.

President Biden pledges to 'replace 600,000 government-owned vehicles with American-made electric vehicles' --GIGAZINE

by jlher vàs

In this way, President Biden has set a preferential policy for clean energy represented by EV vehicles, while clearly abolishing tax incentives for fossil fuels. The current tax system provides billions of dollars (hundreds of billions of yen) of subsidies and special tax deductions for the fossil fuel industry, and is moving toward a commitment to 'zero emissions by 2050.' The company decided to cancel the preferential treatment for the fossil fuel industry.

The American Jobs Plan also announced a review of the tax system, saying that the tax system so far was unequal. In addition to raising the corporate tax from 22% to 28%, the minimum tax rate for multinational corporations has been raised from 13% to 21%, and tax haven measures have been stipulated.

In this American Jobs Plan, it is often stated that 'against China', and especially in the preface, 'rebuilding the national infrastructure so that the United States can compete with China' and 'autocratic China's' The strong expression 'to deal with ambition' is used.