Posted on 03/22/2021 11:28:10 AM PDT by Theoria
A pair of proposals would invest in infrastructure, education, work force development and fighting climate change, with the aim of making the economy more productive.
President Biden’s economic advisers are preparing to recommend spending as much as $3 trillion on a sweeping set of efforts aimed at boosting the economy, reducing carbon emissions and narrowing economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.
After months of internal debate, Mr. Biden’s advisers are expected to present a proposal to the president this week that recommends carving his economic agenda into separate legislative pieces, rather than trying to push a mammoth package through Congress, according to people familiar with the plans and documents obtained by The New York Times.
The total new spending in the plans would likely be $3 trillion, a person familiar with them said. That figure does not include the cost of extending new temporary tax cuts meant to fight poverty, which could reach hundreds of billions of dollars, according to estimates prepared by administration officials. Officials have not yet determined the exact breakdown in cost between the two packages.
Mr. Biden supports all of the individual spending and tax cut proposals under consideration, but it is unclear whether he will back splitting his agenda into pieces, or what legislative strategy he and Democratic leaders will pursue to maximize the chances of pushing the new programs through Congress given their narrow majorities in both chambers.
(Excerpt) Read more at nytimes.com ...
believe me, i understand... it wasn’t an admonishment
After ‘yesterday’s 2 trillion dollar creation of fake money by the Congress/Federal Reserve, the next 3 trillion will by inflation destroy Americans’ life savings/estates, which of course is the plan.
1. Real ➡ Estate
Through the roof.
2. Property Tax ➡ Warfare
**** Bolsheviks
Doesn’t matter how many Republicans they create. They will just cheat and the media will provide cover.
They all spend and tax too much.
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