Saturday, April 17, 2021

White House aides present $ 3 trillion job package for Biden

The proposal, which Biden’s top advisers have been deliberating on for weeks, will be split into two separate parts – one focused on infrastructure and clean energy, and another on which to focus on a “care economy” Focuses on what is being said. Major domestic economic issues.

As a whole, it will be a comprehensive step toward implementing key elements of the “jobs” agenda that Biden put on extensively during his campaign for the presidency, which includes a possible tax increase on corporations And are wealthy as an alternative to any finance. Long-term spending in the final proposal.

White House officials insisted that no final decision has been made about the final path at this point. Biden still needs to conduct an in-depth review of the proposals and plans with Senate Democratic Leader Chuck Schumer and House Speaker Nancy Pelosi about the scale and legislative sequencing of the next major pillar of his agenda.

“President Biden and his team are considering a range of possible options to invest in working families and improve our tax code,” White House press secretary Jane Saki said in a statement. “Those negotiations continue, so any speculation about future economic proposals is premature and not a reflection of the White House’s thinking.”

But there is an important next step toward introducing Biden’s proposals directly as the White House moves to compromise on the scale of its next major legislative agenda item.

The president promised to split his key economic agenda items into two parts – a “rescue” plan, which was signed into law this month, and a “recovery” plan, which he called a broad employment package with a heavy emphasis. Intended to use on infrastructure.

Biden and his top advisers continued to focus on the $ 1.9 trillion Kovid-19 rescue plan, however, slowing down the process on the next stage of the agenda, as they sought to secure its passage and then for several weeks with its key elements Promoted. American public.

At this point, recommendations for the next phase have not yet reached Biden’s desk, officials say, though they are likely to occur during the next week, as the White House addresses Biden’s joint address to Congress at some point Increases, possibly April.

Later on Monday, Saki refused to confirm the $ 3 trillion number, but confirmed that Biden would meet with top economic aides this week, saying no final decision about the size or scope of any proposal has been taken.

“Information is being given on possible plans this week,” said Saki. “We’ll have to see what his reaction is.”

The infrastructure proposal will focus heavily on funding for roads, bridges and rail, and will include hundreds of billions for climate-related measures as well as climate-related research and development. It will also include $ 100 billion for education infrastructure.

The plan’s domestic economy piece will include key Biden campaign priorities such as universal pre-K, significant spending on child care, caregiver proposals and proposals that address parts of the workforce hardest hit by the preamble and Are designed to be addressed.

Biden plans to pursue bipartisan support, according to his advisors. He has already held several bipartisan Oval Office meetings on this issue. According to one participant, during a meeting with labor leaders in the Oval Office in February, Biden repeatedly insisted that he felt there was a way forward for bipartisanship on the issue.

But officials plan to move concurrently with a budget process for congressional Democrats that would allow any package to pass by a simple majority in the US Senate.

Although infrastructure has long been an area of ​​top-tier bipartisan agreement, Democrats on both sides of Pennsylvania Avenue have increased tax increases on the wealthy and are expected to meet long-term spending by corporations’ proposals.

While Biden has said what he planned to do policy-wise during the campaign – and any tax hikes will be largely pulled from the menu of options Biden said before coming to office, officials say That possibility has already been drawn ire of top Republicans.

“We’re hearing in the next few months a so-called infrastructure proposal that could actually be a Trojan horse for massive tax increases and other job-killing, leftist policies,” Senate Minority Leader Mitch McConnell, R -Kentaki, said on Monday

This is something Democrats are deeply aware of – and sparked debate between the two about legislative bungling within Capitol Hill and the West Wing. Officials say Biden hopes to gain weight with his post in the coming weeks, as well as being in close contact with Schumer and Pelosi.

While planning remains fluid, officials are temporarily looking at Biden’s April-April joint address to Congress as a moment where key thematic elements of the package are clarified.

CNN’s Sara Fortinsky and Katelyn Collins contributed to this report.

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