Biden outlines a huge plan to reengineer America’s infrastructure

US President Joe Biden has outlined a huge 2.3 trillion dollars plan to reengineer the nation’s infrastructure, which he called as  once-in-a-generation investment in America. The President’s “American Jobs Plan” would put corporate America on the hook for the tab as the government creates millions of jobs building infrastructure, such as roads, tackles climate change and boosts human services like care for the elderly. Unveiling the program in Pittsburgh, President Biden said unlike anything they have seen or done since the US built the interstate highway system and the space race decades ago. White House officials say the spending would generate those jobs as the country shifts away from fossil fuels and combats the perils of climate change. It is also an effort to compete with the technology and public investments made by China, which has the world’s second-largest economy and is fast gaining on the United States’ dominant position.

Funding for the infrastructure projects would come from a hike on corporate taxes that would aim to raise the necessary piles of money over 15 years and then reduce the deficit going forward. In doing so, Biden would undo the action by Trump and congressional Republicans to lift the corporate tax rate to 28 percent from the 21 percent rate set in a 2017 overhaul.

The U.S. ban on foreign workers visa, specially H-1B has expired. US President Joe Biden allowed the ban notification issued by his predecessor Donald Trump to expire as its validity lapsed on March 31,2021.This is being considered a big relief for thousands of Indian IT professionals.President Biden did not issue a fresh proclamation for the ban on H-1B visas to continue after March 31.He had promised to lift the suspension on H-1B visas, saying Trump’s immigration policies were cruel.