Front Line: Infrastructure Investment Faces Hurdles
6 Dec 2021
Earlier this year, a mood of optimistic anticipation surrounded President Joe Biden’s American Jobs Plan to provide billions to repair and build infrastructure. Then things got complicated, with Congress unable to reach agreement on a final package as of late October. But a number of trade groups are still pushing for its passage.
There are still major questions regarding the bill’s impact, according to Joe Kane, a fellow at the Brookings Institution who focuses on infrastructure. According to a report by S&P Global, the $1.2 trillion Infrastructure Investment & Jobs Act (IIJA) would create close to one million new jobs over the next decade, in sectors like construction, engineering, and accounting.