Project was one of the American president’s campaign promises; The expectation is that this is only the first part of a larger plan
EFE/EPA/Chris Kleponis/POOLJoe Biden also said that the package is a way to create “the strongest, most resistant and innovative economy in the world”
The President of USA, Joe Biden, announced on Wednesday, 31, a package of more than US $ 2 trillion focused on helping the country to face the impacts of pandemic in the economy. The project was one of Biden’s campaign promises and the expectation is that this will only be the first part of a larger plan, which will still have investments focused on the health area. To finance the package, the Democrat’s intention is to raise the corporate tax rate from the current 21% to 28%.
Biden also intends to adopt measures aimed at preventing the transfer of profits to other countries, encouraging companies to maintain their operations in the United States, increasing the collection in the national territory. In a statement, the White House said that “the package will invest about 1% of GDP per year for eight years to update the country’s infrastructure, revitalize manufacturing, invest in basic research and science, strengthen supply chains and solidify the service infrastructure ”.
The American president made the announcement in Pittsburgh, Pennsylvania, calling the proposal the largest public investment program since the interstate highway system was created and the space race in the 1960s. Joe Biden also said that the package is a form of create “the strongest, most resistant and innovative economy in the world”, in addition to “millions of well-paid jobs”.
* With information from reporter Letícia Santini
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