{"id":375,"date":"2021-04-01T14:55:07","date_gmt":"2021-04-01T06:55:07","guid":{"rendered":"https:\/\/www.gochambers.com\/globalupdates\/?p=375"},"modified":"2021-04-01T14:55:07","modified_gmt":"2021-04-01T06:55:07","slug":"the-us-chamber-of-commerce-called-bidens-new-infrastructure-plan-dangerously-misguided","status":"publish","type":"post","link":"https:\/\/www.gochambers.com\/globalupdates\/latest-news\/the-us-chamber-of-commerce-called-bidens-new-infrastructure-plan-dangerously-misguided\/","title":{"rendered":"The US Chamber of Commerce called Biden’s new infrastructure plan ‘dangerously misguided’"},"content":{"rendered":"

The US Chamber of Commerce criticized President Joe Biden’s\u00a0$2 trillion infrastructure plan on Wednesday, calling the proposed way it would be funded “dangerously misguided.”<\/p>\n

“Properly done, a major investment in infrastructure today is an investment in the future, and like a new home, should be paid for over time \u2014 say 30 years \u2014 by the users who benefit from the investment,”\u00a0the group said. “We strongly oppose the general tax increases proposed by the administration which will slow the economic recovery and make the U.S. less competitive globally \u2014 the exact opposite of the goals of the infrastructure plan.”<\/p>\n

Biden’s proposal, called the American Jobs Plan, is set to be unveiled at an event in Pittsburgh on Wednesday before then moving into negotiations in Congress.<\/p>\n

The bill includes investments in greener energy, broadband, highways, and housing and is proposed to be spent over eight years.<\/p>\n

It would be offset by a substantial tax increase of up to $3 trillion, which would target corporations.<\/p>\n

In opposing the tax hike, the Chamber of Commerce \u2014 which lobbies for businesses \u2014 called for “productive solutions” from Republicans and Democrats in Congress.<\/p>\n

“The hard work of achieving bipartisan consensus is the best and only realistic path to enactment of historic infrastructure legislation,” it said. “While today’s action, coupled with continued efforts to find consensus from bipartisan groups in both the House and Senate is encouraging and a start in a long process, we urge both Democrats and Republicans to avoid further partisan gridlock and provide productive solutions to get an infrastructure bill passed this year.”<\/p>\n

Source: Google News<\/p>\n

#chamber of commerce #chambers #chamber news #business #The US Chamber<\/p>\n

About Skyhigh.Vip<\/a><\/p>\n

Skyhigh.Vip<\/a> is a global institutional investor with vast interest in Arts <\/a> \/ Construction<\/a> \/ Education<\/a> \/ Business Services<\/a> \/ E-Sports <\/a>and various other growth industries.<\/p>\n

Several of its popular portfolio includes GO Chambers<\/a> which is the world’s largest business chamber listing providers with over 30,000 active chambers<\/a> as its members.<\/p>\n

Flexgigzz<\/a> is the Asia leading marketplace for freelancer service and together with SOHO Learning Hub<\/a> which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority <\/a> which is dedicated to providing independent media coverage to all E-Sport <\/a>News related from around the world and for the art world, there is Atelier Auction<\/a> which is an investable art auctioneer and being in the art scene for decades.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US Chamber of Commerce criticized President Joe Biden’s\u00a0$2 trillion infrastructure plan on Wednesday, calling the proposed way it would be funded “dangerously misguided.” “Properly done, a major investment in infrastructure today is an investment in the future, and like a new home, should be paid for over time \u2014 say 30 years \u2014 by […]<\/p>\n","protected":false},"author":4,"featured_media":376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[3],"tags":[15,55,29,49,134],"class_list":{"0":"post-375","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"tag-business","9":"tag-chamber-news","10":"tag-chamber-of-commerce","11":"tag-chambers","12":"tag-the-us-chamber"},"yoast_head":"\nThe US Chamber called Biden's new infrastructure plan misguided<\/title>\n<meta name=\"description\" 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