Biden’s next act: Massive infrastructure plan with tax hikes

The Biden administration is preparing a massive spending proposal on infrastructure and other domestic priorities like child care and drug costs that could put fights over hot-button issues like climate change and taxes front and center.

A source familiar with the plans confirmed that administration officials are eyeing $3 trillion as the topline figure for its Build Back Better jobs and infrastructure proposal, though they cautioned talks are fluid and the final number could change. The sweeping package would constitute the White House’s follow-up to the $1.9 trillion economic relief measure signed into law earlier this month.

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The new package is expected to be split into two separate bills. The first would focus on infrastructure, with spending on manufacturing and climate change measures, broadband and 5G, and the nation’s roads and bridges.

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The other measure would include funds for pre-K programs, free community college tuition, child tax credits and health care subsidies, according to multiple reports.

The White House declined to confirm details of the proposal, saying nothing had been finalized.


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