Which Stocks Benefit From Biden's Infrastructure Plan?
The proposed plan could be passed this summer, but related stock valuations remain uncertain.
The proposed plan could be passed this summer, but related stock valuations remain uncertain.
At a current price tag of over $2 trillion, the American Jobs Plan would provide a boost to a wide range of sectors and companies, reinvigorating traditional U.S. infrastructure as well as supporting new nontraditional infrastructure programs. However, this is not a free lunch for the U.S. equity market, as the proposed increases in the corporate and global intangible low-taxed income tax rates to pay for the plan will be a headwind.