November 29, 2021

Volume XI, Number 333

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American Jobs Plan, By the Numbers

On March 31, 2021, President Biden released details on the American Jobs Plan, which provides funding for infrastructure, clean energy, innovation and R&D, manufacturing and workplace support, and the caregiving economy. The proposal also includes revenue increase proposals to partially offset the new initiatives. Here is a summary of the amounts proposed in each major category:

INFRASTRUCTURE AND CLEAN ENERGY

Transportation Infrastructure

$ 621 billion

Roads and Bridges

$ 115 billion

 

Public transit

$ 85 billion

 

Passenger and Freight Rail

$ 80 billion

 

Road safety

$ 20 billion

 

Electric vehicles

$ 174 billion

 

Airports, ports, waterways

$ 42 billion

 

Reconnect neighborhoods

$ 20 billion

 

Large projects

$ 25 billion

 

Resilience

$ 50 billion

 

Other

$ 10 billion

 

Water, Electricity, Broadband

$ 311 billion

Drinking water

$ 111 billion

 

EPA state fund ($45 billion)

 

 

Water systems ($56 billion)

 

 

PFAS ($10 billion)

 

 

Broadband

$ 100 billion

 

Electric Power

$ 100 billion

 

Electric grid

 

 

Extend clean energy ITC, PTC; establish EECES

 

 

Reclamation ($16 billion)

 

 

Brownfield, Superfund ($5 billion)

 

 

Carbon capture and sequestration

 

 

Civilian Conservation Corps ($10 billion)

 

 

Homes and Buildings

$ 378 billion

Retrofit Homes and Buildings

$ 213 billion

 

Affordable rental housing

 

 

NHIA tax credits ($20 billion)

 

 

Zoning incentives

 

 

Public housing ($40 billion)

 

 

Clean Energy Accelerator ($27 billion)

 

 

Education and Child Care Facilities

$ 137 billion

 

Public School modernization ($ 100 billion)

 

 

Community Colleges ($ 12 billion)

 

 

Child Care ($25 billion)

 

 

VA Hospitals

$ 18 billion

 

Federal Buildings

$ 10 billion

 

SUBTOTAL, INFRASTRUCTURE AND CLEAN ENERGY

$ 1.310 trillion

CAREGIVING ECONOMY

Expand Medicaid Home and Community-based Care

$ 400 billion

INNOVATION AND R&D

Future technologies

$ 180 billion

NSF

$ 50 billion

 

Rural, additional R&D

$ 30 billion

 

Research labs

$ 40 billion

 

Climate R&D

$ 35 billion

 

HBCUs/MSIs

$ 25 billion

 

Retool and revitalize manufacturing

$ 300 billion

Commerce supply chains

$ 50 billion

 

Semiconductors

$ 50 billion

 

Medical countermeasures

$ 30 billion

 

Clean energy (EV, nuclear)

$ 46 billion

 

Regional innovation hubs

$ 20 billion

 

NIST

$ 14 billion

 

Manufacturing extension partnerships

$ 2 billion

 

Capital access, sec. 48C

$ 52 billion

 

Small business incubators

$ 31 billion

 

Rural Partnership program

$ 5 billion

 

Workforce Development

$ 100 billion

Dislocated Workers program

$ 40 billion

 

Underserved communities

$ 12 billion

 

Apprenticeships, STEM

$ 48 billion

 

SUBTOTAL, INNOVATION AND R&D

$ 580 billion

 

 

 

TOTAL

$ 2.290 trillion

LABOR REFORMS

  • Enact the Protecting the Right to Organize Act

  • Apply labor standards to infrastructure, clean energy funding recipients

  • Increased penalties for workplace safety and health violations

REVENUES

  • Raise Corporate Rate to 28%

  • Increase Global Minimum Tax to 21%

  • Global agreement on minimum corporate tax

  • Limit Corporate Inversions

  • Deny Offshoring deductions, create Onshoring credit

  • Repeal Foreign Derived Intangible Income deduction

  • 15% minimum on corporate book income

  • Eliminate fossil fuel tax incentives

  • Increase corporate enforcement

©2021 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume XI, Number 92
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About this Author

Robert Mangas, Greenberg Traurig Law Firm, Washington DC, Government Policy, Energy and Environmental Law Attorney
Shareholder

Rob Mangas is Co-Managing Shareholder of the Washington, D.C. office and focuses his practice on advocacy before the U.S. Congress and federal agencies. He represents clients in a variety of different industry sectors, and is experienced in navigating U.S. House and Senate Rules and in legislative drafting.

Concentrations

  • Health care

  • Energy

  • Biotechnology

  • Manufacturing

  • ...
202-530-8507
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