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Biden plans to commit $100 billion to connect every American to high-speed broadband over the next eight years

Biden is scheduled to unveil his $2 trillion “American Jobs Plan” in Pittsburgh later on Wednesday. The long-awaited infrastructure and jobs package contains funding for broadband expansion, semiconductor manufacturing, and slew of other interests like public transportation and helping consumers purchase electric vehicles. On a call with reporters Tuesday, an administration official said that the package would be paid for by changes to the corporate tax rate.

Biden’s package also calls for 100 percent broadband coverage by the end of the decade and prioritizes networks affiliated with local governments, nonprofits and cooperatives and promises funding for projects on tribal lands. Biden’s broadband plan also seeks to encourage adoption by reducing the cost of internet service long term.

"The President recognizes that individual subsidies to cover internet costs may be needed in the short term, he believes continually providing subsidies to cover the cost of overpriced internet service is not the right long-term solution for consumers or taxpayers,” a fact sheet for the package reads.

The package also provides tax incentives and rebates to encourage consumers to purchase electric vehicles along with a plan to electrify the federal fleet, including United States Postal Service trucks. Over $50 billion is set aside for investment in domestic semiconductor manufacturing, a particularly vital issue in light of recent shortages.
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