What's in Biden's $2.25T infrastructure and tax proposal?

President Biden released a sprawling proposal to rebuild the nation's crumbling infrastructure and pump money into manufacturing, transportation, renewable energy and combating climate change — a $2.25 trillion measure that will be funded largely by raising taxes on U.S. corporations.

The eight-year initiative, dubbed the American Jobs Plan, comes on the heels of Biden's $1.9 trillion American Rescue Plan. The White House said it will pay for the latest package by raising the corporate tax rate to 28% from 21% — rolling back part of former President Donald Trump's 2017 tax cuts — and increasing the global minimum tax on U.S. corporations to 21% from 13%.