What does Joe Biden’s $3trn infrastructure plan mean for your money?

Joe Biden is set to announce a further $3trn of public stimulus in the US. Saloni Sardana looks at what’s on the table, and what effect it could have on the markets.

Joe Biden
Joe Biden: could raise corporate taxes
(Image credit: © Stefani Reynolds/CNP/Bloomberg via Getty Images)

One of the biggest debates in markets right now is over precisely what effect America’s $1.9trn coronavirus stimulus package will have on growth, inflation and debt levels.

Yet US president Joe Biden is already looking to the next level. This week – tomorrow, in fact – he plans to unveil a $3trn “Build Back Better” proposal, which includes his flagship infrastructure vision and much more. But what exactly does it involve? And what might it mean for your money?

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni