Weeks after the administration previewed its plans to push ahead with the first major federal tax hike since 1993 to fund its infrastructure ambitions, the first details of the Biden's multitrillion-dollar infrastructure-climate plan have just been leaked via the New York Times.
Per the NYT, Biden's economic advisers are preparing to recommend spending as much as $3 trillion on an "Infrastructure" package that also features some facets of the Green New Deal, and other progressive measures to help "Narrow economic inequality." After months of debate and preparation, the Biden advisors are expected to present their proposal to the president this week.
Just last week, Goldman analysts warned that Biden's upcoming boondoggle - his infrastructure plan - would outspend even the Dem's unprecedented $1.9 trillion stimulus package.
The NYT cautioned that while these details remain in flux, the three-trillion price-tag showcases "The aggressive approach the Biden administration wants to take as it tries to harness the power of the federal government to narrow economic inequality, reduce the carbon emissions that drive climate change and improve American manufacturing and high-technology industries in an escalating battle with China and other foreign competitors."
The package - which constitutes the first available details of the "Build Back Better" infrastructure plan promised at the outset of Biden's administration - will represent a cornerstone of the Biden/Harris team's eventual legacy.
The second component of the package would focus on the country's "Human infrastructure," according to the NYT. The second plan under discussion is focused on what many progressives call the nation's human infrastructure - students, workers and people left on the sidelines of the job market - according to documents and people familiar with the discussions.
Whether Democrats in the Senate choose to blow up the filibuster for bills could determine whether more progressive elements of Biden's plan live, or die.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Monday, March 22, 2021
First Details Of Biden's $3 Trillion "Build Back Better" Infrastructure Plan Have Just Leaked
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