On March 31, 2021, President Biden released the American Jobs Plan (AJP). This plan proposed $2.3 trillion in new federal spending on various forms of public infrastructure, research and development, workforce training, affordable housing, and caregiving. Later reporting confirmed that the AJP would include an additional $400 billion in clean energy tax credits not specified in the administration’s original announcement. In total, the AJP proposes $2.7 trillion in new federal spending over the next 8 years, 2022 to 2029. The AJP does not specify any spending plans beyond 2029; PWBM therefore assumes that the proposal ... (full story)