Biden's Infrastructure Plan | More Cash Stimulus | $4 Trillion.

everyone meet kevin here in this video

we are going to go through biden's

proposed three to four

trillion dollar stimulus package now the

package has not technically been

announced yet or released yet

so we are going to do a preview of it

based on information that has been

leaked and you all know the white house

and congress no matter who's in office

the white house in congress leak like a

sieve

so let's get into what some of the

details might look like a quick reminder

tomorrow which is march 26th the coupon

code for the amazing programs on

building your wealth link down below

does expire so take a look at that the

pricing will be going up

tomorrow evening that's friday evening

all right so here we go let's zoom into

this uh just a quick note

some of the sources not all of the

sources i hit were washington post new

york times

and the wall street journal i always try

to get a little bit from the left and

right

uh so just full disclaimer that's where

i got some of the uh

leaks from and they've got lots of

reporters whether you like them or not

they've got so

they've got a lot of reporters who are

able to collect these leaks which is

awesome

okay so the size we are expecting the

size to be three

to four trillion dollars with at least

two trillion for climate initiatives the

reason i specifically highlight that is

because republicans are like oh

well we want infrastructure but we don't

want like a green new deal we don't want

climate initiatives

yeah well if at least 2 trillion is for

climate

that means potentially half to more than

half of the deal is dedicated to

climate initiatives so it's really

interesting getting those extra 10

republican votes

the rest is uh for infrastructure and

what they call social infrastructure so

let's talk about that

social infrastructure huge part of this

bill actually

that is going to potentially look like

having the child

tax credit that 250 to 300 per month

extended for

several years because right now it's

only good for the tax year of 2021

we might start seeing those payments

flow monthly starting in

july of 2020. expanded child care

spending

school infrastructure with hundreds of

billions of dollars going to

schools and education including

universal pre-kindergarten

free community college more affordable

care act subsidies

and lots of money specifically dedicated

to underserved communities

specifically free or reduced tuition at

historically black

colleges and universities money going

specifically to underserved black and

brown communities and

to communities that suffer from

pollution so this is almost as much as a

social

infrastructure or human infrastructure

bill that's being nicknamed

as it is a racial justice

or i should say as the bill also

includes racial justice

provisions in it uh there will also be a

lot of money for

training people to get millions of new

jobs in infrastructure and

climate-related fields which probably is

going to be good

i like to think for companies like tesla

who are

constantly looking for engineers and a

talent

to help innovate a transition to a more

green future

on climate uh which was uh quoted in one

piece as being roughly two trillion

and another was quoted as being less

than two trillion dollars so that's why

i put roughly here because it might be a

little bit less it might be up the two

trill

not entirely clear on the pricing here

but the big goal

is reducing carbon emissions without

taxing carbon emissions

so unlikely to see any kind of like

carbon tax

punishments for corporations that emit

too many carbons

instead just basically initiatives that

actually reduce emissions like forcing

a transition to maybe a percentage of

green energy or whatever

we don't know exactly the deals or

details of that yet

we do know that part of the plan is

having one million affordable housing

units

energy efficient new housing so probably

new codes

for homes uh remember california for

example requires solar panels on homes

now

for new construction on this build and a

huge i mean i cannot understand this

massive focus on building ev charging

stations throughout the country

they want to pour upwards of a hundred

billion

dollars into ev charging infrastructure

that's cray cray cray cray that is that

is

huge i'll probably follow up by the way

with another video where i break down my

favorite stops

or stocks excuse me for investing in

some of the priorities

based on this bill so stay tuned on the

channel it'll probably be titled

something like

meet kevin best stocks for biden's

infrastructure plan so stay tuned for

that

probably friday or saturday we'll post

something like that

then we've got the actual infrastructure

portion of the infrastructure bill

huge focus on the electric grid they

don't want any more of these texas

issues that happened

that means more power lines that are

capable of delivering

more renewable energies that probably

means building more power lines to

solar grids or water hydro grids or

you know windmill grids and so on

capital capping excuse me oil and gas

wells

reclaiming abandoned binds spending lots

of money on

roads bridges water rail waterways rails

and of course charging stations uh this

is huge right here folks

cash for clunkers might be coming back

who remembers that

and folks this is really good news for

any of you who have potentially older

cars

because you might be getting big fat

incentives to

sell your car and get some cash for

clunkers money which we had

probably last around what 13 14 years

ago basically got money to go buy a new

energy efficient vehicle and at the same

time biden's going to try to increase

fuel efficiency standards so it kind of

forces you into a more energy

favored vehicle i personally think this

is going to be a boon

for any manufacturer producing hybrid

vehicles

and obviously electric vehicles so i

mean think about it the writing's on the

wall

let's do more electric chargers let's do

cash for clunkers

let's get a stronger electric energy

charging system

folks people think that like tesla's

already gone to the moon and the whole

electr

invest in electric vehicle stocks is

over folks

it's just beginning this is the

beginning of a 35-year transition this

is not

a five-year transition this is a 35-year

transition

many of you watching this video might

not even be 35 years old

i'm not even 35 years old all right

let's keep going here

400 billion dollars for climate as part

of

the infrastructure package of that 60

billion dollars going to green

transit so i wonder if this is going to

be indicative of maybe money going to

biofuels maybe money going to buses

tunnels not sure 46 billion

dollars going to climate related

research

that's a lot of money going to research

then we've got hundreds of billions of

dollars towards high growth industries

like advanced battery manufacturing

folks

let's get them solid state batteries

let's go the goal of biden's plan

america first american dominance

build back better making ev stations

available across the country

200 billion dollars for housing

infrastructure 100 billion dollars for

low-income housing

uh retrofit housing for energy

efficiency so we get some costs over

here

uh this this right here these sections

might sort of double up

uh with actually the portion that we've

seen uh

under the uh climate section right here

so don't want to sound too redundant but

this section here has

the dollar figures uh money also going

to 5g infrastructure

good for obviously companies like apple

qualcomm

broadband for rural areas this is

something that the biden administration

and democrats have been pushing for for

quite a while

then we get to taxation oh yeah taxation

probably going to that 28 corporate tax

rate probably not

seeing a wealth tax like elizabeth

warren wants

but some kind of potential taxes on

wealthier investors

which might end up coming in the form of

an increase in the personal tax

income rate on the federal level from 37

to 39.6

which right now you do not even have to

worry about that tax bracket unless you

make five hundred thousand dollars as an

individual or six hundred thousand

dollars as a couple

that might get dropped to four hundred

thousand dollars though this is

of course reiterating biden's a promise

and not to tax anybody

more who makes less than four hundred

thousand dollars now previously there

were ideas like having a tax

on uh like a financial transactions tax

which would have

uh taxed people making under four

hundred thousand dollars more there were

there was also talk about maybe getting

rid of the stepped-up tax basis

or having other taxes on capital gains

maybe different rates on capital gains

none of that has come up so i'll just

mention nothing and

those are big things right nothing yet

on capital gains and nothing on

the stepped up a tax basis but yeah so

far it looks like corporate tax rate

and the increase in the personal income

tax rate

again reiterating no taxes for those

we're increasing taxes on those making

under 400k

but then also extending some 2017 tax

breaks as a way to

convince businesses to support biden's

plan

now uh here just some quotes schumer

calls this really a focus on climate

economic inequality and democracy nancy

pelosi says

that they're going to reach out to

republicans to see what they can do that

this is about broadband mass transit

clean water

good paying jobs john barroso a

republican

says yes to a highway bill very good

start however no to any form of a green

new deal

in my opinion there's virtually no way

republicans are going to be on board

with this

too too many tax increases too much

money going to green energy initiatives

uh climate change we'll see mitch

mcconnell says quote

this is a quote excuse me so-called

infrastructure proposal that may

actually be a

trojan horse for massive tax hikes and

another

job killing or and other job-killing

left-wing priorities

republicans do not want tax hikes biden

says they can choose to be a part of it

or not

in terms of referring to republicans jen

sackey the white house press secretary

says that this plan rewards work

not wealth and the whole focus of the

package is really focusing on reducing

harmful emissions uh in addition to

obviously some of the other things

social justice racial justice justice

and so on

so uh passage probably budget

reconciliation

it is an option however biden is trying

to get the 60 votes

however we heard that before with the

stimulus package my guess is this is

going to be revealed

between monday and wednesday of next

week that way it gets revealed in march

which is a month

after it was promised to be revealed the

hope was that this would have been

revealed in february

we're hopefully going to hear about it

this month there was even suspicion we

might hear about it this week but right

now it's looking like

next week we're probably looking at

april to may for negotiation and passage

of this bill

and uh my guess is that final passage

signatures in that probably late may

early june probably the ideal by the way

for biden

is that this will create five million

new jobs

well folks there you have it let me know

what you think in the comments down

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tomorrow let's go let's go let's go okay

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i can't wait to see you there

and uh this is exciting we'll stay tuned

to see what happens here

is this massive amount of spending going

to happen

uh is it going to cause inflation is it

going to cause the market to freak out

or is it a blessing i don't know i want

to hear from you thanks for watching and

until next time

you