Biden’s proposed “once-in-a-generation” US$2.25 tn infrastructure plan is aimed at modernising America’s transport networks over 8 years, and includes substantial funding for initiatives such as cleaner water, transport electrification and high-speed broadband. The expenditure is expected to partly be covered by increasing the corporate tax rate from 21% to 28% and establishing a global minimum tax for multinationals. Stay updated on the latest insights with Citigold. Receive up to S$6,826 cash when you become a Citigold client. Visit www.citibank.com.sg/ctgmf for details. T&Cs apply.
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