Biden's latest stimulus plan: Reducing inequality
Biden wants to not just invest in the regions that already have the most potential but also direct capital into underserved areas where people suffer the most.
By VICTORIA GUIDA
04/04/2021 06:52 AM EDT
Republican lawmakers for years have longed to pass legislation that would rejuvenate the nations aging infrastructure and boost economic growth. They might finally get it with Joe Biden as president but with a focus they never counted on: targeting inequality.
Bidens $2 trillion plan is aimed at boosting productivity the key to raising wages and improving American living standards by generating jobs, and bolstering transportation, communications systems and power lines. But he wants to do that not just by investing in the regions that already have the most potential but by also directing capital into underserved areas where people suffer the most from potholes, poor public transportation and lack of internet access.
It would represent the governments most extensive bid to spend federal dollars not just on helping poor people but on revitalizing the places where they live: housing, child care centers, water systems, roads and public transit. Its an ambitious experiment that is part of Bidens pledge to combat racial and economic inequality.
We all will do better when we all do well," he said in his speech Wednesday announcing the plan. "Were going to bring everybody along. Regardless of your background, your color, your religion, everybody gets to come along.
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https://www.politico.com/news/2021/04/04/biden-stimulus-plan-reduce-inequality-478991