Friday, January 24News That Matters

US President Joe Biden has laid out a sweeping investment plan for jobs, education and social care.

Spread the love

Delivered on the eve of his 100th day in office, the Democrat pitched some $4 trillion (£2.9tn) in spending – the largest overhaul of US benefits since the 1960s, analysts say.

He called it a “once in a generation investment in America itself”.

But the plans face a battle in Congress before they can become law.

There has been widespread opposition to the proposals from the Republican Party, which is unlikely to back tax increases and more government spending.

And while there is a slim Democratic majority in both houses, there has been division among the party over how far to go with the plans.

There has been widespread opposition to the proposals from the Republican Party, which is unlikely to back tax increases and more government spending.

And while there is a slim Democratic majority in both houses, there has been division among the party over how far to go with the plans.

He said the $1.8tn American Families Plan, meanwhile, would focus on children and seek to provide:

  • Free pre-school for children aged three to four
  • Paid family and medical leave as well as health insurance subsidies
  • Tuition-free community college for all
  • An extension of key tax breaks that have been expanded during the pandemic

The proposal follows the so-called American Rescue Plan, a $1.9tn coronavirus stimulus package that included direct cheques to most Americans, which Mr Biden signed into law last month.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox, every month.

We don’t spam! Read our privacy policy for more info.

Leave a Reply