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Joe Biden announces new contours of his "historic" social spending plan

2021-10-28T13:44:44.081Z


This new version should allow this vast investment program to pass the stage of the American Congress, according to the White House and the Democratic camp.


President Joe Biden will announce the new contours of his “

historic

” social and environmental spending

plan on Thursday

, and he is “

confident

” that all sections of the Democratic Party will support him, ending weeks of tension , according to White House officials.

Read alsoUnited States: Republicans accuse Biden plans of fueling inflation

While the amount of this plan has been halved, to $ 1,750 billion, "

the president believes that the (new) framework will allow him to gain the support of the 50 Democratic senators and will have the backing of the House of Representatives.

One of the officials said on condition of anonymity. Another official said the two bills Biden wanted, the first on infrastructure, the second on social and environmental measures, represent "

historic investments

" although their amount has been significantly reduced from initial ambitions.

The US President “

believes that there is no better economic engine in the world than the hard work and ingenuity of the American people.

But for too long the economy has worked very well for those at the top, while working families endlessly get crushed,

”reads a document released Thursday by the White House on its website.

The plan details the main thrusts, including the principle that "

no person earning less than $ 400,000 (per year) will pay a penny more in taxes

."

Source: lefigaro

All news articles on 2021-10-28

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