Tue, October 04, 2022

Joe Biden economic plan to focus 1st on infrastructure

Joe Biden economic plan

U.S. President Joe Biden will unveil the first part of his economic recovery package this week. Significantly, the package focuses on rebuilding roads, bridges, and other infrastructure. Meanwhile, a separate plan centers around child and health care.

White House press secretary Jen Psaki verified the administration’s plans to divide the package into two legislative proposals, part of an effort to gain congressional Republicans’ support. However, she says that they will work with the Senate and House to see how it should move forward.

President Joe Biden will publish details in a speech Wednesday about his plan in physical infrastructure. This issue has obtained Republican support despite caution over a costly package so soon after the $1.9 trillion coronavirus relief plan.

Democrats have been striving for a broader package that could include policy changes on green energy, immigration, and other issues. Moreover, they have been striving to make permanent some of the just-passed coronavirus assistance, such as child tax credits.

Plans are still uncertain. The White House discusses a $3 trillion in spending in order to support the economy and improve quality of life.

Moreover, Republicans support a narrow infrastructure bill centered on bridges and roads and balk at the size and extent of Biden’s overall plan and his focus on the environment.

Joe Manchin will block infrastructure legislation if Republicans are omitted

Throughout the presidential campaign, Biden promised $2 trillion in accelerated investments to shift to cleaner energy, build half a million charging stations for electric vehicles, repair roads, and bridges and support public transit.

Furthermore, Democrats did reconciliation to approve Joe Biden’s coronavirus relief plan without Republican support.

However, work on passing broad infrastructure legislation in a Senate split 50-50 with Vice President Kamala Harris giving a tiebreaking vote could be more difficult. Moreover, Moderate Sen. Joe Manchin announced he will block infrastructure legislation if Republicans are omitted.

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