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There’s a fever pitch amongst Republicans and Democrats to lay claim to the US working class. Usually this level of intensity is reserved for the campaign trail. In a memo to House Minority Leader Kevin McCarthy, Indiana Rep. Jim Banks laid out a game plan for Republicans to ‘permanently become the Party of the Working Class.’ This comes in the same week as President Biden’s infrastructure plan was revealed as The American Jobs Plan. While the plan will address improvements to everything from bridges to drinking water – areas where there is bipartisan support for government action – Biden is claiming the plan will create 19 million jobs. Following its announcement, stocks in construction supplies boosted the Australian share market and the S&P 500 hit a record high.
