President Joe Biden has called for trillions in spending aimed at re-igniting America’s economic growth through upgrading infrastructure and tackling climate change.
The $2.3tn proposal would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes as the Biden administration targets infrastructure and environmental initiatives to boost economic growth.
Administration officials said the spending would be partially offset by raising taxes on businesses.
Republicans, however, have called the tax increases “a recipe for stagnation and decline.” Meanwhile, some business lobby groups, including the Business Roundtable and Chamber of Commerce, have said they support investments but would oppose the tax hikes.
The pushback is a sign of the tough fight ahead for the plan, which needs approval from Congress.
