In his speech to Congress, President Joe Biden declared his ambitions for a country on its way back from the COVID-19 pandemic. “Now, after just 100 days, I can report to the nation: America is on the move again,” he said. “Turning peril into possibility. Crisis into opportunity. Setback into strength.”
Barely three months into his presidency, Biden outlined his third huge fiscal proposal – a package of nearly $2 trillion to be spent over 10 years on child care, education, paid leave, and expansions of the earned-income and child tax credits. This comes on top of the $1.9 trillion pandemic-relief law already passed by Congress and the president’s $2.3 trillion plan for new spending on infrastructure.