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Biden’s presidential agenda is based on a $ 3.5 trillion spending bill

“The president is on the verge of achieving a significant expansion of public education, one of the largest expansions of social safety nets, and the largest investment in climate change mitigation,” he said in a review of labor law and drug prices. went. An official of the Obama administration, who is currently chairman of the Liberal Center for American Progress in Washington.

“Each of these is important in the individual components,” he said. “But overall, I think it speaks to the amazing opportunity we have, a once-in-a-lifetime opportunity for these generations, especially all people, including the most vulnerable in this economy. It is a course that brings growth to the economy. “

If the effort is successful, Mr Biden will accomplish much of what he has campaigned for in one fell swoop. Observers aimed to revitalize the world by migrating from fossil fuels to global warming and ending the use of offshore shelters that companies have long used to avoid taxation, October. And will bring strengthened hands to the November Global Summit.

White House officials say the breadth of the program in the package forms a unified vision of the US domestic economy and its location in the world, and planks act as a kind of coalesced glue. Even if there is controversy, it makes it difficult to negotiate part of the plan.

But the breadth of content broke up among Democrats in several ways when Mr Biden could only afford to lose one vote in the Senate and three votes in the House of Representatives.

Centrists and progressives clashed with the size of legislative spending and the size and details of the tax increase that Mr Biden would like to use to offset that cost. They can be divided into prescription drug pricing, generosity in tax credits for the poor, and aggressiveness of key measures to accelerate the transition to the low energy sector.

Even items that aren’t a top priority for Biden are cracking. On Friday, New York Rep. Alexandria Ocasio Cortez, one of the party’s most outspoken progressives, said he aimed at the decisive priorities of several top Democrats, including Senator Chuck Schumer. .. Will resist the attempt Completely abolish the state and local property tax deduction limits that support high-income earners in high-tax areas.



Biden’s presidential agenda is based on a $ 3.5 trillion spending bill

Source link Biden’s presidential agenda is based on a $ 3.5 trillion spending bill

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