Money Smart: How President Biden's 'Build Back Better' plan will impact you
As lawmakers work through the details of the president's multi-trillion dollar plan, what should you be doing right now?
Author: Sharon Ko
Updated: 11:09 AM CDT May 26, 2021
SAN ANTONIO — President Joe Biden’s ‘Build Back Better’ is a multi-trillion dollar plan that’s divided into three parts. The goal is to boost the economy by investing in jobs, infrastructure, healthcare, and education. The plan also includes tax provisions that increases the burden on the wealthy.
The first part of the president’s initiative, the American Rescue Plan, was signed into law March 11. It included direct relief to millions of Americans who suffered financially during the COVID-19 pandemic. The package also provided assistance to businesses, local government agencies and schools to reopen.