Note
: Congress recently voted on a $1.9 trillion COVID-19 stimulus package the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines, state and local governments, schools and child care. The ARPA marks a huge win for the Biden administration during its first 50 days in office.
Before the ink is dry, the administration has already pivoted to the second phase of the Biden agenda: Build Back Better. While ARPA was largely a relief bill, the next phase will be about rebuilding the economy, starting with a
mult
itrillion-dollar
plan that includes infrastructure, green energy and incentives to bolster domestic manufacturing. It will also build upon the individual relief provided in the first bill and seek to make those provisions permanent and will likely be paid for by corporate tax rate increases, a repeal of oil and gas tax breaks and increases in taxes on the wealthy.
Biden s $2 25 Trillion American Jobs Plan Includes Substantial Housing, Community Development, Climate Change/Green Energy, and Tax Reform Proposals
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Joe Biden s coming infrastructure push, explained
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