On Wednesday, March 24, President Joe Biden revealed a massive proposal focused on investing in manufacturing, research and development, and expanding long-term health care services. This “once-in-a-generation” investment in American infrastructure, called the American Jobs Plan, seeks to repair the ten most economically significant bridges and rebuild more than 20,000 miles of roads and highways. Furthermore, the proposal includes a list of other projects that set out to curb wealth inequality, tackle the climate crisis, and generate new jobs. In Biden’s own words, it’s “unlike anything we’ve done since we built the interstate highway system and the space race decades ago.”

As the first package in Biden’s “Build Back Better” agenda, The American Jobs Plan includes $621 billion dollars for roads, highways, bridges, and waterways, as well as additional investments to electrify vehicles, expand internet broadband and make the nation’s infrastructure more resilient to climate change. The plan outlines another $400 billion for elderly care and people with disabilities, $300 billion toward building and retrofitting homes, and $300 billion on innovation and research. While Biden’s proposal could potentially aid many, two trillion dollars presents a hefty price tag. To pay for this package, Biden has proposed a 7% increase in corporate taxes to offset the spending over the course of 15 years. Among the changes, Biden called for measures to force multinational corporations to pay more taxes in the United States on profits earned abroad. The funding plan will nearly reverse former President Trump’s tax-cut law, which lowered the corporate tax rate from 35% to 21%.

Already, this plan is facing criticism from both sides of the “bridge” for its tax rates. Representative Alexandria Ocasio-Cortez (D-N.Y.) wrote on Tuesday that Biden’s plan “needs to be way bigger” to properly address dire climate and infrastructural needs. Conversely, Republicans are griping about the costly nature of this proposal. Senate Minority Leader Mitch McConnell (R-Ky.) also called Biden’s infrastructure plan last week a “Trojan horse” stuffed with unrelated spending and “massive tax increases on all the productive parts of our economy.” But with only a narrow Democratic majority in the Senate, democratic moderates like Sen. Joe Manchin (D-W.Va.), have expressed a desire to work with the GOP to find bipartisan solutions before moving on to a bill with only Democratic support. Manchin’s sizable influence in the divided 50-50 Senate may lead the White House to put in more time and effort into winning over GOP senators this time around. With a narrow majority in the House and an evenly divided Senate, Biden has little room for error. While it’s unclear what the future holds for the American Jobs Plan, Biden is optimistic. “It’s big, yes. It’s bold, yes. But we can get it done.”