Biden signs bipartisan $1 trillion infrastructure bill
On Monday, President Biden signed the $1 trillion bipartisan infrastructure bill into law and told Americans that their lives were going to change for the better.
Video Transcript
JOE BIDEN: It's time to rebuild the backbone of this nation, which I characterize as working people and the middle class. They're the ones who built the country, and to rebuild the economy from the bottom up and the middle out, this law delivers on that long overdue promise in my view. It creates better jobs for millions of Americans, and no one, no one earning less than $400,000 a year will pay a single penny in federal taxes because of it.
[APPLAUSE]
And it does not include, as we did the bipartisan infrastructure bill, it does not include a single penny in gas tax, which I rejected, because people under $400,000 would be paying it. This law is a blue collar blueprint to rebuild America. It leaves no one behind, and it marks an inflection point that we face as a nation. For most of the 20th century, we led the world by a significant margin because we invested in ourselves.
But somewhere along the way, we stopped investing in ourselves. We risk losing our edge as a nation, and China and the rest of the world are catching up. Our infrastructure used to be rated the best in the world. Now, according to the World Economic Forum, we rank 13th in the world. Well, that's about to change. Things are going to turn around in a big way.
[APPLAUSE]
For example, because of this law, next year will be the first year in 20 years, American infrastructure investment will grow faster than China's. We'll once again have the best roads, bridges, ports, and airports over the next decade. It will lead the world into the 21st century, with modern cars and trucks and transit systems. We're going to do this by building again and moving again. Well, folks, I'm going to get you each a pen, but there's 30 of you up here. But I only have one pen.
[INTERPOSING VOICES]
All right.
KAMALA HARRIS: Thank you.
JOE BIDEN: OK, here we go.
[APPLAUSE]
Bravo.
[APPLAUSE]
Thank you, thank you, thank you.
