Joe Biden’s strong start
The President reveals his latest plan for rebuilding America. "He wants to spend an additional $2trn on infrastructure, hard and soft, over the next eight years. He envisages fixing 20,000 miles of road, stripping lead piping from 400,000 schools and installing 500,000 charging outlets for electric cars. He would spend $400bn on the care industry; and $180bn on research and development in low-carbon technologies. Such a splurge, which the administration claims it will pay for by hiking corporation taxes, would be unprecedented in recent decades. It would be more than twice as big as the stimulus Mr Biden oversaw in 2009. It would be in addition to the nearly $2trn of covid relief he has just approved."
From The Economist