US infrastructure spending as as low as 2T and as high as 4TWith the recent PP and cash at hand of around $25 mil. CVX, seems to be gearing up for another acquisition in the states and setting themselves up perfectly just before the US infrastructure spending bill is announced which according to this article could come out as early as this summer. | BREAKING|Mar 1, 2021,11:15am EST|33,383 views Biden's Infrastructure Bill Could Be $2 Trillion BehemothHere's What Goldman Sachs Is Expecting Sarah Hansen Forbes Staff Markets I cover breaking news. TOPLINE With President Bidens $1.9 trillion stimulus bill nowmaking its wayto the Senate, analysts from investment giant Goldman Sachs laid out their expectations for his forthcoming infrastructure spending initiativethe second phase of his ambitious plan to revitalize the American economy. U.S. President Joe Biden addresses KEY FACTS In a research note late Sunday, Goldman Sachs analysts said they expect the proposal will be worth at least $2 trillionand potentially even double thatover the next 10 years based on previous proposals and estimates of how much investment will be necessary to shore up U.S. infrastructure. They also note that the upcoming package could be broader in scope than expected and has the potential to expand beyond infrastructure, green energy, and climate change initiatives to include a spate of Democratic priorities including childcare, healthcare, and education initiatives, though theWashington Postreportedlast month that Democrats are far from united on what the final proposal should look like- Goldmans analysts expect that lawmakers will introduce tax increases, especially on corporations and capital gains, to pay for at least some of the initiative (prior Covid-19 relief legislation has been financed with debt). Those tax increases will offset up to about $1 trillion of the total cost of the final package, the analysts said. The analysts also expect Biden and Democrats to undertake a longer effort to reach a bipartisan consensus with Republicans than they did on Covid-19 relief, though they add that they doubt this will succeed given the disagreements that are likely to crop up over climate spending and the tax hikes that will be necessary to offset the bills steep price tag. Neil Bradley, chief policy officer at the right-leaning Chamber of Commerce, told theFinancial Timeslast week that corporate tax hikes in the bill will make American companies less competitive at the very moment that we need a broad economic recovery and will make passing a bill probably next to impossible. BIG NUMBER Between 2% and 9%. Thats how much Bidens infrastructure plan couldboost GDPin the short run, according to Bank of America. The long-run impact would be considerably more, the bank said. CRUCIAL QUOTE We are so far behind the curve, Biden said last month ahead of a meeting with labor leaders to discuss his stimulus and infrastructure legislation. We rank something like 38th in the world in terms of our infrastructureeverything from canals to highways to airports. He added that the United States needs to do everything we can doto make ourselves competitive in the 21st century. KEY BACKGROUND A pledge to revitalize the United States aging infrastructure and invest heavily in clean energy and domestic manufacturing was a key tenet of Bidens presidential campaign, and the push has taken on a new urgency after powerful winter storms caused widespread blackouts and water shortages in Texas last month. House Democrats passed a $1.5 trillion infrastructure plan last summer, but the vehement opposition in the GOP-led Senate, especially with regard to provisions designed to fight climate change, meant the bill never advanced any further. This so-called infrastructure bill would siphon billions in funding from actual infrastructure to funnel into climate change policies, Senate Majority Leader Mitch McConnell (R-Ky.)saidat the time.