White House aides prep $3 trillion jobs package for Biden

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By Phil Mattingly, CNN

Updated 3:23 PM ET, Mon March 22, 2021

(CNN) White House advisers are expected to present a two-part, $3 trillion jobs and infrastructure proposal to President Joe Biden as soon as this week, according to two people familiar with the plan.

The proposal, which Biden’s top advisers have been deliberating over for weeks, would be segmented into two separate parts — one focused on infrastructure and clean energy, and a second focused on what’s being termed the “care economy” with a focus zeroed in on key domestic economic issues.

In full, it would mark a sweeping move toward enacting the key elements of the “jobs” agenda that Biden laid out in large part during his campaign for president, with a suite of potential tax increases on corporations and the wealthy as options to finance any longer-term spending in the final proposal.

The proposal was first reported by The New York Times.

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2 replies

  1. The White House will consider splitting an estimated $3 trillion economic recovery proposal into two bills, The New York Times reported Monday.

    President Joe Biden aims to inject more money into the economy after this month’s passage of his top priority, a $1.9 trillion coronavirus relief package. His administration and congressional Democrats hope to revamp the country’s infrastructure, combat climate change and jolt an improving U.S. economy.

    White House press secretary Jen Psaki downplayed the Times report on Monday. In a statement to NBC News, she said, “President Biden and his team are considering a range of potential options for how to invest in working families and reform our tax code so it rewards work, not wealth.”

    “Those conversations are ongoing, so any speculation about future economic proposals is premature and not a reflection of the White House’s thinking,” she said.

    The Times reported that the president’s advisors will bring him a plan as soon as this week that would divide the recovery proposal into two planks. One would put money into boosting manufacturing, improving transportation systems, expanding broadband access and reducing carbon emissions, according to the newspaper.

    The other would focus on reducing economic inequities through investments in paid leave, universal pre-K and community college, the report said. Biden is expected to pursue the infrastructure component first.

    https://www.cnbc.com/2021/03/22/biden-infrastructure-plan-white-house-considers-3-trillion-in-spending.html

  2. The White House is meeting Monday with top executives in the energy industry, including the oil, gas and mining sectors, attendees told CNBC.

    The guest list is expected to include the top executives of BP, Chevron, Exxon and BHP, among others. The White House declined to provide a full list of invitees, and would not say which officials would be representing the Biden administration.

    https://www.cnbc.com/2021/03/22/white-house-officials-to-meet-with-energy-industry-execs-.html

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