President Joe Biden unveiled his $2 trillion infrastructure proposal on Wednesday called the American Jobs Plan. There are both good and bad aspects to the plan according to Jon Doggett, CEO of the National Corn Grower’s Association.
He says there are some concerning aspects to the proposal and they’re anxious to see more details of how the whole measure shakes out.
The way to pay for the legislation is expected to be through more taxes. Doggett says while no one wants to pay those, it’s critical to make investments in infrastructure.
The President wants his American Jobs Plan done by this summer. Doggett says he doesn’t see it happening until late summer or early fall.
The Biden administration is proposing paying for the infrastructure package with the Made in America Tax Plan that would raise more than $2 trillion over 15 years by reforming corporate tax rules among other provisions.
