After spending 1.75 trillion US dollars (1.51 trillion euros), high-ranking officials at the White House said on Thursday in Washington, his plans are in place. Originally had Biden Targeted a package worth twice the size, valued at $ 3.5 trillion.
Moderate Democrats, however, had resisted such high spending and, in months of negotiations, forced the president to abandon parts of his plans. The White House employees expressed their confidence that the necessary majorities would now come about in both chambers of congress for the slimmed-down package. There was initially no official agreement with the various party wings of the Democrats. Biden wanted to personally campaign for approval of the compromise package during a visit to the democratic parliamentary group of the House of Representatives on Thursday and then to comment publicly on the project.
Among other things, it provides for the – hitherto sometimes horrific – costs of childcare for many families in the country to be reduced and, in some cases, to be taken over entirely by the state, tax relief for families, and health services to be expanded. In the fight against the climate crisis, investments in renewable energies and tax incentives for the purchase of electric cars are planned, among other things.
The package is to be financed through tax increases for corporations and top earners as well as through the more consistent collection of due taxes. The White House expects around $ 2 trillion in new revenue – a little more than the cost of the package. Various plans that Biden originally included in the package, including his plan to introduce twelve weeks of paid parental leave.
