Democrats will pass both plans as a single $3 trillion bill without GOP support, since bipartisan talks seem to be "dwindling further," the bank said.
The bank upgraded its 2022 GDP projection but warned that rebounding rent costs are flashing "signs of more persistent inflationary pressures."
By not paying their share in taxes, Amazon and other large companies leave small businesses and average Americans to pick up their tab.
The proposals are unlikely to fuel a dangerous surge of inflation, but if they do, the government has the tools to address it, Yellen said.
Republicans are putting together an infrastructure plan of up to $800 billion and wooing Joe Manchin. But he wants to go bigger.
Pete Buttigieg was right, racism is built into American infrastructure. Highway construction destroyed Black neighborhoods across the country.
Trump's 2017 tax cuts weren't "rocket fuel" for job growth and productivity like he promised, but CEOs are fighting Biden's hike with similar claims.
White House and Fed officials have said the US shouldn't worry about the ballooning deficit until after it emerges from the COVID-19 recession.
Goldman also predicted the infrastructure package would be a solitary reconciliation bill with a 25% corporate tax rate, not Biden's desired 28%.
Biden's $2 billion infrastructure plan would be welcome after two decades and billions of dollars spent trying to rebuild other countries.
If we're going to sufficiently pay for infrastructure, we must find new ways to do so. A mileage tax could be a step in the right direction.
While the unemployment rate fell to 6% amid a surge in hiring, Insider calculates the "real" rate used by the Fed and the Treasury still sits at 8.7%.
Where Biden's $1.9 trillion stimulus provided a short-term boost, infrastructure spending serves as a permanent investment in the economy, he said.
Biden says "no one making under $400,000 will see their taxes go up," but the White House says families qualify. That still only hits the richest.
A $10 trillion plan could create tens of millions of "good union jobs," Rep. Alexandria Ocasio-Cortez said on MSNBC's "Rachel Maddow Show."
The White House aims to build and retrofit more than 1 million affordable and energy-efficient homes to solve the country's housing shortage.
The $2 trillion infrastructure plan would give rebates and tax incentives to US consumers that buy American-made EVs.
Industrials and metals are two sectors poised to be clear beneficiaries of the bill that will increase "picks & shovels" capex, BofA said.
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