Biden Admin Is Preparing, $3 Trillion Spending Plan for Economy.
The plan is being developed by
President Joe Biden's economic advisers.
A centerpiece of the plan is a massive
overhaul of the nation's infrastructure.
Other key aspects of the plan include
addressing climate change, a more equitable
economy and manufacturing in America.
President Biden’s plan represents a stunning shift in priorities, addressing many of the nation’s most
pressing challenges, Seth Hanlon, Center for American Progress,
via 'The New York Times'.
With the razor-thin majority
that Democrats hold in the Senate,
Biden's advisers are considering
breaking the plan down into smaller parts.
The first part will likely focus
on infrastructure.
while another part will focus on programs such
as universal prekindergarten, a national paid leave
program and free community college.
In order to fund these packages, taxes would
likely be raised on both American corporations
and multinational corporations