President Biden released his America Jobs Plan (summary attached) aimed at building our nation’s infrastructure. While the $2.25 trillion legislation will cover a variety of initiatives, the National Restaurant Association is particularly interested in the following provisions. The Administration also plans a second major package next month focused on social measures, including expanding health care and paid-leave access and extending the child tax credit.
While the Association supports the Administration’s efforts to improve our nation’s infrastructure, we are concerned about current tax provisions and provisions encouraging passage of the PRO Act, which would negatively affect restaurant companies. As this proposal moves forward, we will keep you updated on provisions that could affect our industry and our work with Congress and the Administration. Please let us know your thoughts on the proposal as well after you have a chance to review and digest.
Small Business and Workforce Development
Clean drinking water and high-speed broadband - $650 billion for initiatives tied for clean water and high-speed broadband.