During a speech pronounced this Thursday in the White House, the president of the United States, Joe Biden, has claimed an ambitious “historical economic framework” that will make the North American country beat China in the “economic competition for the 21st century”.
“We have a historical economic framework that will create millions of jobs, will grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity and that will put us on the path to win the economic competition for the 21st century against China and all other important countries in the world, “he said. the mandatary.
In addition, Biden indicated that the framework is fiscally responsible and that several laureates of the Nobel Prize in economics believe that it will reduce inflationary pressures on the economy and that over the next ten years it will decrease the US deficit.
“Expand opportunities”
“It is about expanding opportunities,” continued the White House tenant, who assured that this plan, designed for months by the Democratic PartyIt will “fundamentally” change the lives of millions of people and lead the country to lead the world.
Biden explained that they will expand services for seniors, they will reduce costs for child care with the aim of increasing the workforce, especially mothers, and carry out an extension of the tax cut for the middle class, which will be reimbursable.
The president also noted that the framework includes investments in education, to ensure that young people get a well-paying job, and helps some four million people to get affordable health coverage.
Fight climate change
On the other hand, the president explained that, if the plan is approved, trains, electric buses and a national network of half a million charging stations for electric vehicles to combat climate change.
Lastly, Biden promised to don’t raise taxes to those people who earn less than 400,000 dollars a year and to establish a minimum tax of 15% for the largest corporations. “If we make these investments there will be nothing to stop the American people, we will own the future,” he concluded.
It is a budget package worth 1.75 trillion dollars that does not include some of the president’s electoral promises, such as a decrease in the prices of prescription drugs. The current Executive believes that it can be approved by a divided Senate.
With AP information
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