10 things you need to know today: March 31, 2021

Biden to unveil $2.25 trillion infrastructure plan, the witness who recorded George Floyd video testifies, and more

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1. Biden to introduce $2.25 trillion infrastructure plan

The White House on Wednesday will unveil the $2.25 trillion "Build Back Batter" infrastructure and job creation plan that forms the foundation of President Biden's economic agenda, The Washington Post reported, citing two people familiar with the plan. About $650 billion is expected to go toward rebuilding U.S. infrastructure, including highways, water systems, and transit agencies, with another $400 billion allocated to care for the elderly and people with disabilities, and $300 billion apiece will head to affordable housing and reviving U.S. manufacturing. Biden is expected to propose a plan to pay for the infrastructure push that includes increasing the corporate tax rate to 28 percent from 21 percent, and raising the top individual income-tax rate to 39.6 percent from 37 percent, The Wall Street Journal reported.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.