Please ensure Javascript is enabled for purposes of website accessibility
White House Weighs How to Pay for Long-Term Economic Program
News
By News
Published 4 years ago on
March 15, 2021

Share

[aggregation-styles]

The Biden administration is looking past its $1.9 trillion coronavirus relief bill and starting to consider how to pay for the next round of programs meant to bolster long-term economic growth with investments in infrastructure, clean energy and education.

The challenges are twofold. Officials face a decision over how much of the bill to pay for with tax increases and which policies to finance with more borrowing. In a narrowly divided Congress, they must also craft a bill that can win support from nearly every Democrat. The decision will help determine how much of President Biden’s Build Back Better economic agenda he can advance in his first year in office.

The president’s economic advisers are just starting to grapple with the issue. While they haven’t ruled out more borrowing to finance parts of the plan, Mr. Biden has continued to talk about his campaign proposals to raise taxes on corporations and high-income households to pay for new permanent programs, said Jared Bernstein, a top economic adviser.

Read More →

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Rise of the Anti-“Woke” Democrat

Stocks Tumble, Oil Prices Jump After Israel Attacks Iran

30 minutes ago

Changing Directions: Merced Set to Switch Traffic Flow on Downtown’s Main Street

2 hours ago

US Judge Blocks Trump Administration From Overhauling Federal Elections

BOSTON – A federal judge on Friday blocked President Donald Trump’s administration from implementing parts of his sweeping execu...

20 minutes ago

U.S. President Donald Trump speaks in the Oval Office on the day he signs an executive order, at the White House in Washington, D.C., U.S., May 23, 2025. (Reuters File)
20 minutes ago

US Judge Blocks Trump Administration From Overhauling Federal Elections

A woman shops for lettuce at the Mid-Ohio Market at Norton, a modern food pantry designed to replicate a grocery store experience, in Columbus, Ohio, U.S., May 13, 2025. (Reuters File)
22 minutes ago

US Consumer Sentiment Improves in June

People walk next to a sign directing for Shelter after landing in Israel at the arrivals section of Ben Gurion International airport in Lod near Tel Aviv, Israel October 11, 2023. (Reuters File)
24 minutes ago

Middle East Airspace Shut After Israel Strikes Iran, Airlines Cancel Flights

Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. (Reuters/File)
30 minutes ago

Stocks Tumble, Oil Prices Jump After Israel Attacks Iran

2 hours ago

Changing Directions: Merced Set to Switch Traffic Flow on Downtown’s Main Street

Law enforcement officers stand guard outside MOCA (Museum of Contemporary Art), during a protest against federal immigration sweeps, in Los Angeles, California, U.S., June 12, 2025. (Reuters/David Swanson)
11 hours ago

Trump Can Keep National Guard Deployed to Los Angeles for Now, Appeals Court Rules

Law enforcement officers guard Los Angeles City Hall during a protest against federal immigration sweeps, in Los Angeles, California, U.S. June 12, 2025. (Reuters/David Ryder)
14 hours ago

Judge Temporarily Bars Trump From Deploying National Guard Troops in Los Angeles

15 hours ago

Israel Attacks Iran’s Capital With Explosions Booming Across Tehran

Help continue the work that gets you the news that matters most.

Search

Send this to a friend