By Ivan Maltsev
According to him, such a development of events will become possible if the state does not carry out large-scale investments, including in the country’s infrastructure. He added that the United States is now at a tipping point. “For most of the 20th century, we have been leading the world by a significant margin. But then something happened. We have slowed down; we have stopped investing in ourselves,” the American leader said.
On March 31, Biden proposed a comprehensive infrastructure modernization plan, which is currently undergoing approval. On August 10, the document was approved by the Senate of the U.S. Congress, after which it was submitted to the House of Representatives. The new package of reforms, designed for $ 3.5 trillion, has already caused controversy in the government, including among members of the Democratic Party, which is represented by the president.
Biden’s plan calls for substantial tax cuts for the middle class, paid parental leave, access to universal preschool education, the creation of community colleges, the fight against climate change, and the expansion of health care programs. The plan will be funded by increasing taxes for wealthy Americans and corporations. Lawmakers are still debating the details