[ad_1]
The Bloomberg source said the Biden administration is considering policies of up to $ 3 billion, after the $ 1.9 billion package earlier this month.
The proposal will be presented to US President Joe Biden this week. The source said the program will include infrastructure efforts, climate change. The Biden administration also aims to spend around $ 400 billion on the environment.
The plan also covers investment in human capital, with reduced tuition fees and healthcare initiatives for ethnic minorities. Another source confirmed with Bloomberg that there will be money to take care of the elderly and young children.
Unlike the emergency aid program on Covid-19, this is longer-term and will include efforts to increase government revenue. In particular, the policy of increasing taxes for businesses and the rich will be the center of attention. This is possibly the largest tax increase since the 1990s.
Before, Washington Post Y New York Times reported on this $ 3 billion program. This package can be divided into 2 small packages to reduce barriers in the National Assembly. Republican MPs have long asserted that they will not support tax increases or spend a lot on renewable energy.
“They tell us that in the coming months there may be an infrastructure proposal, paving the way for a drastic tax increase and many other policies that will reduce the number of jobs,” said Senate Republican Leader Mitch McConnell, “Democrats are obsessed with policies that focus on climate change, “he said on March 22.
Still, many Republicans are also in favor of increasing spending on traditional infrastructure, such as roads, or strengthening the competitive advantage of American technology over China. Senate Majority Leader Chuck Schumer worked with Republican Senator Todd Young to draft the proposal.
Ha Thu (theo Bloomberg)
