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US Politics In 60 Seconds

Get insights on the latest news in US politics from Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington

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Biden infrastructure plan would boost jobs; Georgia voter law tensions

Jon Lieber, Managing Director of the United States for the Eurasia Group, shares his insights on US politics:

What specifics do you expect to be in Biden's "build back better" infrastructure plan?

Well, this is really a two-part plan. The first part Biden's rolling out this week, and it's focused mainly on infrastructure. Bridges, roads, tunnels, transit, the whole infrastructure smorgasbord, including on broadband deployment, as well as investing in things like rural hospitals, schools and upgrading buildings to be more energy efficient. Biden's proposed between $2 and $2.5 trillion depending on how you do the math, paid for by tax increases primarily falling on the corporate sector that actually spread out over 15 years, as opposed to the bill's spending, which spreads out over 10. That means the bill will be mildly stimulative to the economy on top of creating potentially new jobs through the direct spending that's going to happen.

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