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US President Joe Biden Says US Must Invest Because China Eating Our Lunch


Republicans object to Biden s call for funding infrastructure by raising the corporate tax rate (File)
Lake Charles:
President Joe Biden warned Thursday that Congress needs to adopt his multi-trillion dollar spending plans to renew the US economy because China is eating our lunch.
Speaking in deep-Republican Louisiana, Biden pitched his $2.3 trillion infrastructure proposal as a way to secure US preeminence on the global stage as much as fixing dangerous bridges and roads.
The plan is popular among Democrats but Republicans in Congress either oppose what they see as an uncontrolled spending spree or are proposing something far more modest.
Biden argued that his plan, which would fund traditional infrastructure like road transport, but also pour money into things like broadband internet and electric car research and development, will pay off. ....

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White House Says Next Stimulus Checks Depends on the Congress, Says It's Costly for Federal Government : US News : Latin Post


As requests for additional stimulus checks this year increase, the White House mentioned on Tuesday that it will be up to Congress if more payments will go out this time.
The federal government emphasized that the measure will be costly for the administration as it previously gave out a number of payments in the past.
According to Business Insider, the White House Press Secretary Jen Psaki shared that they will see what members of Congress propose. But the press secretary and Biden s political advisor emphasized that those are not free.
Moreover, Psaki touted that the revamped child tax credit is a provision that the stimulus of Biden bulked up to $3,600 per child aged five and under or $3,000 per kid between six and 17. The latest $1.8 trillion economic proposals of Biden sets that up as a child allowance that lasts through 2025. ....

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