The president is set to tout key components of an infrastructure overhaul and the early contours of his 2022 budget
President Biden this week is set to begin sketching out his plan to commit trillions of dollars toward upgrading the country’s ailing infrastructure, fighting climate change and bolstering federal safety net programs, as Democrats try to usher in a new era of bigger government — and spending — in the aftermath of the coronavirus.
The forthcoming proposals reflect a broader political shift underway in Washington, where Democratic leaders have sought to capitalize on their 2020 election victories to advance once dormant policy priorities and unwind years of budget cuts under administrations past.
But Biden’s aggressive agenda also may test his stated support for bipartisanship — after passing his $1.9 trillion stimulus plan without any Republican support — as well as the public’s willingness to embrace the sizable tax increases on wealthy families and profitable companies that may be necessary to help finance the burst in federal spending. Continue reading.