President Joe Biden released a sweeping plan to pump money into transportation, renewable energy, manufacturing, and efforts to combat climate change—funded by undoing some of the tax breaks that corporations received during the Trump administration.

The $2.25 trillion, eight-year proposal is a follow-up to the $1.9 trillion economic relief bill passed earlier this month. To cover the costs, Biden wants to raise corporate taxes to 28 percent, from 21 percent. The plan also seeks a minimum tax on profits U.S. corporations earn overseas, increasing the rate to 21 percent, from roughly 13 percent.

The White House plans a second major package, which could cost $1 trillion or more, later in April to focus on social measures, including expanding healthcare and paid-leave access, and extending the child tax credit—offset by tax increases on wealthy individuals.