Spending breakdown

$2.3 trillion plan distributes billions of dollars to several priorities

WASHINGTON — President Joe Biden says his proposal for infrastructure investments would require $2.3 trillion in spending over eight years.

Where the money is going:

■ $115 billion to modernize the bridges, highways and roads.

■ $85 billion for public transit, doubling the federal government’s commitment.

■ $80 billion to modernize Amtrak’s Northeast Corridor line.

■ $174 billion to build 500,000 electric vehicle charging stations, electrify 20 percent of school buses and electrify the federal fleet, including U.S. Postal Service vehicles.

■ $25 billion to upgrade air travel and airports and $17 billion for waterways and coastal ports.

■ $20 billion to redress communities whose neighborhoods were divided by highway projects.

■ $50 billion to improve infrastructure resilience in the aftermath of natural disasters.

■ $111 billion to replace lead water pipes and upgrade sewer systems.

■ $100 billion to build high-speed broadband that provides 100 percent coverage for the country.

■ $100 billion to upgrade the resilience of the power grid and move to clean electricity, among other power projects.

■ $213 billion to produce, preserve and retrofit more than 2 million affordable houses and buildings.

■ $100 billion to upgrade schools and build new ones.

■ $18 billion to modernize Veterans Affairs hospitals and clinics, and $10 billion for federal buildings.

■ $400 billion to expand long-term care services under Medicaid.

■ $180 billion invested in research and development projects.

■ $300 billion for manufacturing, including funds for the computer chip sector.

■ $100 billion for workforce development.

Where it’s coming from:

■ Raising the corporate tax rate from 21 percent to 28 percent.

■ Imposing a 21 percent global minimum tax, so that companies cannot avoid taxes by shifting income to low-tax countries.

■ Making it harder for businesses to merge with foreign companies to avoid U.S. taxes.

■ Eliminating tax breaks for companies that shift assets abroad, denying deductions for offshoring jobs.

■ Imposing a 15 percent minimum tax on the income that corporations report to shareholders.

■ Eliminating tax preferences for the fossil fuels sector.

■ Increasing IRS audits of large corporations.