The headline grabber is the $2 trillion price tag for an eight-year plan dubbed 'American Jobs Plan' that the Biden administration will try and pass through Congress. How much of it stays in tact and will it pass is something we will just have to wait and see on.

But the plan includes lots of forward-looking funding for infrastructure changes to roads and the power grid, geared toward making America more and more electric car friendly in the near future.

There's lots of stuff in this bill proposal but I certainly haven't read it, just what's been posted online in a few articles. What's everyone's take on this bill? I mean it's massive and we need infrastructure funding in a big way, so is this a winner or is it too broad? Seems like they will be funding it by taxing corporations and not raising taxes on individuals so if that's true, that's good.

bryce28 Wrote: If you are looking to get an SBA loan, goooooood luck. I tried and it's basically impossible unless you already have a business, which makes zero sense. It's a maddening process. Again, luck to ya.

Right now we pay a gas tax every time we pay at the pump, and that goes toward road maintenance. But with the increase of electric vehicles on the market, this tax will be less effective. It's certainly a bonus for electric car owners to not have to pay this tax but if we all go electric in the next decade or two, there will be far less tax revenue for transportation infrastructure.

So Pete Buttigieg, the new Transportation secretary for Biden, is mulling over the idea of a mileage tax instead, basically a 'pay for how much you use' kind of tax. If you use the roads more you pay more in taxes.

Biden wants to introduce an enormously expensive infrastructure bill soon so looks like a switch like this or something similar is going to have to be a part of it.

I am no fan of taxes but in this case its a switch as opposed to a brand new one so maybe it won't be so bad, and unfortunately I don't really see a way around it at the moment. Think this will happen?

Still hard for me to wrap my head around a million dollars not really being that much money anymore. That article suggests $1.9 mil to retire comfortably. Even on the low end $1.2 mil.. there's just little chance most of us getting anywhere close to that without prudent and dare say lucky investing over a long period of time. Which is not very realistic with so many of us living paycheck to paycheck.

With rising inflation that number will likely be much much higher too. So with social security, a 401k and some savings its no wonder why more and more seniors are still finding themselves never really able to fully retire, even when they do most everything by the book. Always working part time jobs at the very least to make it all work.

I've gotten to the age where I don't think savings alone will cut it. Think its best to invest intelligently and hope for the best.

The Biden administration just reversed a Trump policy that now makes it where if you were defrauded by your college into student loan debt it can be fully forgiven. Said to effect some 73,000 people. If you think you might be eligible for this, Forbes has a good article on qualification that I recommend checking out.

They even go into detail on what to do if you were in a similar situation. So this is something of a PSA for borrowers that got screwed over by shady colleges; I've heard stories before and they should not be able to get away with this. Glad Biden is taking action on this.