Biden to Unveil $3 Trillion Infrastructure and Jobs Proposal on Wednesday

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  • Bloomberg Quicktake: Now published this video item, entitled “Biden to Unveil $3 Trillion Infrastructure and Jobs Proposal on Wednesday” – below is their description.

    President Joe Biden this week will reveal the scope and ambition of his plans to expand and reorient the U.S. government, setting the stage for a bitter fight on Capitol Hill that could define his presidency.

    Biden will unveil the framework for a major infrastructure-and-jobs program on Wednesday in Pittsburgh, and later in the week offer the first glimpse of his 2022 budget — which promises to redirect federal funds to areas such as climate change and health care.

    The announcements will offer the first concrete details of Biden’s plan to overhaul federal spending, in a sales pitch without the immediacy of the pandemic emergency that he had for his first package. To succeed, Biden will have to convince the public and lawmakers on a multi-trillion dollar investment in infrastructure and social safety nets, along with a revamp of the tax code to help address funding needs and widening inequality.

    “Successful presidents — better than me — have been successful in large part because they know how to time what they’re doing,” Biden said Thursday when asked why he was pursuing the massive spending package instead of other legislative priorities, such as gun control. Infrastructure is “the place where we will be able to significantly increase American productivity, at the same time providing really good jobs.”

    While Biden has made clear his plans will include tax-policy changes to help fund what aides have laid out as a roughly $3 trillion long-term program, how specific he’ll be on Wednesday is uncertain. His budget plan also won’t include a comprehensive breakdown about the agency-by-agency spending increases the administration is seeking.

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    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

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