Biden Administration to Prepare Infrastructure Package Up to $3 Trillion
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From the Left
Biden Team Prepares $3 Trillion in New Spending for the EconomyPresident Biden’s economic advisers are pulling together a sweeping $3 trillion package to boost the economy, reduce carbon emissions and narrow economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.
After months of internal debate, Mr. Biden’s advisers are expected to present the spending proposal to the president and congressional leaders this week, as well as begin outreach to industry and labor groups. On Monday, Mr. Biden’s national climate adviser, Gina McCarthy, discussed his infrastructure plans —...
From the Center
Biden infrastructure, jobs spending push could hit $4 trillionPresident Joe Biden will be briefed by advisers this week on infrastructure, climate and jobs proposals being considered by the White House that could collectively cost as much as $4 trillion, according to people familiar with discussions. Biden advisers are weighing a price tag of between $3 trillion and $4 trillion for new legislative action, including repairing the country’s crumbling infrastructure and tackling climate change, one source said.
A second source said Biden advisers have a package of proposals totaling up to $3 trillion for infrastructure and other priorities they...
From the Right
After $1.9 Trillion Spending Hike, Biden Is Planning $3 Trillion in New SpendingIt's been a whole 11 days since President Joe Biden signed a $1.9 trillion spending bill, so naturally the White House is already planning the next, even bigger spending package.
The New York Times reported Monday that Biden's advisors are prepping a $3 trillion hike in federal spending. The money would go to infrastructure projects, climate change initiatives, community colleges, and a variety of other Democratic priorities. The plan may also include higher taxes on businesses and wealthy individuals, but it seems unlikely that the tax increases would offset such...
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