President Biden's Ambitious American Jobs Plan with Significant Climate-Related Proposals

Summary

This First Analysis article discusses President Biden's ambitious approximately $2.25 trillion American Jobs Plan (the Jobs Plan) set out by his administration on March 31, 2021, just weeks after the $1.9 trillion American Relief Plan was signed into law. Further details of the plan are set out in a fact sheet (the Fact Sheet) (available here) released by the White House. Details of the Jobs Plan, which contemplates investments over an eight-year period, were accompanied by details of a separate Made in America Tax Plan, which contemplates raising over $2 trillion over the next 15 years to fund the Jobs Plan. These two plans are expected to be followed later this month by an announcement of a separate package of "social infrastructure" improvement programs to be known as the American Families Plan.