[Benjamin]

Mar 28, 2021

Biden To Split New $3 Trillion Recovery Plan Into Two Proposals, With Infrastructure First On Deck

by Jonathan Ponciano Forbes Staff, Investing, https://www.forbes.com/sites/jonatha...h=6070eec81232

President Joe Biden's long-awaited Build Back Better package, a follow up to the $1.9 trillion American Rescue Plan, will be split into two separate legislative proposals, the White House said Sunday, adding that new details on infrastructure investments–the plan's first part–will debut Wednesday, with more to come on healthcare and childcare in late April.

the plan's first part will tackle infrastructure but dodged a question about whether Democrats would work to pass the plan without Republican support, as was the case with the American Rescue Plan, saying instead that rebuilding roads and railways "isn't a partisan issue."

Biden is also set to introduce "some ways to pay for [the package], and he's eager to hear ideas from both parties as well," Psaki said without referring to tax hikes, but likely referring in part to the president's campaign proposal to raise the corporate tax rate to 28% from 21%.

...officials are reportedly discussing raising taxes on the ultra-wealthy, raising the global minimum tax (an international tax levied on multinational corporations) from 13% to 21%, eliminating subsidies for fossil fuel companies and imposing U.S. tax rates on multinational corporations.

infrastructure, roads and railways,

According to the New York Times, Biden may be about to “usher in the largest federal tax increase since 1942," and that should make it difficult to get Republicans on board with the plan. In a note to clients Friday, market expert Adam Crisafulli, the founder of Vital Knowledge Media, said "investors should be prepared for weeks and weeks of tax hike threats, although rates at the end of the day may not rise dramatically," given the opposition big hikes will face in an evenly split Senate with very vocal moderate Democrats.

$3 trillion. That's how much Biden's two recovery proposals could ultimately cost, according to multiple reports. The spending is likely to be split up over roughly 10 years.

Das wären dann durchschnittlich etwa 300 Milliarden $ pro Jahr.

Zum Vergleich:
Die Marktkapitalisierung von Granite Construction liegt bei etwa
1,51 Mrd. EUR {Quelle: https://www.comdirect.de/inf/aktien/detail/uebersicht.html?SEARCH_REDIRECT=true&REDIRECT_TYPE =ISIN&REFERER=search.general&ID_NOTATION=244543072 &SEARCH_VALUE=US3873281071}
Market Cap 1,764 Mrd. US-$. {Quelle: https://finance.yahoo.com/quote/GVA/}

Wenn auch nur ein Bruchteil jener durchschnittlich etwa 300 Milliarden $ pro Jahr von Biden's package in Form von Aufträgen in Richtung Granite Construction ginge, dann sollte der Aktienkurs gut steigen.