| | Biden's American Jobs Plan would spend more than $2 trillion on so-called "infrastructure" projects and other [[boondoggle]]s Biden proposed to pay for the spending by increasing taxes. “The largest federal tax increase since 1942,” is how the ''New York Times'' described the Biden plan.<ref>https://reason.com/2021/03/29/heres-how-bidens-proposed-tax-increases-will-affect-you/</ref> Biden claimed that the last five leaders of the [[Federal Reserve]] had declared that his American Jobs Plan proposal will increase economic growth.<ref>https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/05/05/remarks-by-president-biden-on-his-administrations-implementation-of-the-american-rescue-plan/</ref> The only problem with Biden's remarks was only three of the last five leaders of the Fed are still alive.<ref>https://www.cnn.com/2021/05/10/politics/fact-check-biden-federal-reserve-moodys-american-jobs-plan/index.html</ref> | | Biden's American Jobs Plan would spend more than $2 trillion on so-called "infrastructure" projects and other [[boondoggle]]s Biden proposed to pay for the spending by increasing taxes. “The largest federal tax increase since 1942,” is how the ''New York Times'' described the Biden plan.<ref>https://reason.com/2021/03/29/heres-how-bidens-proposed-tax-increases-will-affect-you/</ref> Biden claimed that the last five leaders of the [[Federal Reserve]] had declared that his American Jobs Plan proposal will increase economic growth.<ref>https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/05/05/remarks-by-president-biden-on-his-administrations-implementation-of-the-american-rescue-plan/</ref> The only problem with Biden's remarks was only three of the last five leaders of the Fed are still alive.<ref>https://www.cnn.com/2021/05/10/politics/fact-check-biden-federal-reserve-moodys-american-jobs-plan/index.html</ref> |
| − | Only about 5% of the proposed $2.25 trillion plan goes for what traditionally is recognized as infrastructure; specifically, public construction projects, such as roads and bridges.<ref>https://www.dailysignal.com/2021/04/07/9-things-you-need-to-know-about-bidens-infrastructure-spending-plan/</ref> The junta's plan includes the building of clean energy infrastructure to reduce carbon emissions. The purpose is to shift the US from the use of fossil fuels and grow the amount of solar, wind and other renewable energy. Another of Biden's proposals is to spend $174 billion to boost the electric vehicle market and shift away from gas-powered cars. Wind turbines, solar panels and electric vehicles all rely on rare earth materials. Extracting rare earth materials is a highly polluting process. More than 60% of the world's solar panels are made in China. Forty-five percent of the global supply of solar-grade polysilicon, the base material used in solar cells, is made in China. Polysilicon is produced in Xinjiang, where China is accused of using forced labor in the production chains.<ref>https://www.gatestoneinstitute.org/17335/china-rare-earth-materials</ref> | + | Only about 5% of the proposed $2.25 trillion plan goes for what traditionally is recognized as infrastructure; specifically, public construction projects, such as roads and bridges.<ref>https://www.dailysignal.com/2021/04/07/9-things-you-need-to-know-about-bidens-infrastructure-spending-plan/</ref> The junta's plan includes the building of clean energy infrastructure to reduce carbon emissions. The purpose is to shift the US from the use of [[fossil fuels]] and grow the amount of solar, wind and other renewable energy. Another of Biden's proposals is to spend $174 billion to boost the electric vehicle market and shift away from gas-powered cars. Wind turbines, solar panels and electric vehicles all rely on rare earth materials. Extracting rare earth materials is a highly polluting process. More than 60% of the world's solar panels are made in China. Forty-five percent of the global supply of solar-grade polysilicon, the base material used in solar cells, is made in China. Polysilicon is produced in Xinjiang, where China is accused of using forced labor in the production chains.<ref>https://www.gatestoneinstitute.org/17335/china-rare-earth-materials</ref> |