Sweeping infrastructure plans are in plans across the globe. Take Biden's nearly $4 trillion infrastructure package that is aimed at repairing roads, transportation hubs and telecommunication systems. How do they plan on paying for it?
The reforms will affect the largest companies in the world with profit margins of at least 10%. But will it work?
Yes! The bill is heavily focused on the pressing issue facing the world: climate change. If signed into law, the plan would rank as one of the largest federal efforts ever to curb emissions & reduce the economic cost of climate change through this bill.
Studies reveal that infrastructure spending does lead to output and productivity growth. Analyses by the Federal Reserve Bank of San Francisco determined that post-war road-building was both a good investment and a boon to growth.