“The president is on the cusp of a major expansion in public education, one of the largest expansions in the social safety net, the largest investment in climate change mitigation,” and revisions to labor law and drug pricing, said Patrick Gaspard. a former Obama administration official who is now the president of the liberal Center for American Progress in Washington.
“Each of these things is significant in its individual component parts,” he said, “but taken as a whole, I think it speaks to the remarkable opportunity we have — this once-in-a-generation opportunity to set a course that creates growth for all.” , including and especially those who have been most vulnerable in this economy.”
If the effort succeeds, Mr. Biden will have accomplished much of what he campaigned in one fell swoop. Observers say he will carry a reinforced hand to global summits in October and November that are intended to push the world to transition away from fossil fuels that warm the planet and end the use of offshore havens that companies already have. long use to avoid tax.
White House officials say the breadth of the programs in the package represents a unified vision for the United States’ domestic economy and its place in the world, and that the shelves serve as a kind of coalition glue — an approach for anyone making it’s difficult to jettison parts of the plan during negotiations, even if they turn out to be controversial.
But the sheer volume of its content has caused divisions among Democrats on multiple fronts, as Biden cannot afford to lose even one vote in the Senate and no more than three votes in the House.
Centrists and progressives have clashed over the magnitude of the spending in the legislation and the scale and details of the tax hikes Mr Biden plans to use to cover the costs. They are divided on the pricing of prescription drugs, the generosity of tax credits for the poor, the aggressiveness of key measures to accelerate the transition to a lower-emission energy sector, and much more.
Business and Economy
Even items that are not a top priority for Mr. Biden have opened chasms. On Friday, one of the party’s most outspoken progressives, New York Representative Alexandria Ocasio-Cortez, took aim at a critical priority of several top Democrats, including Senator Chuck Schumer, saying she would resist attempts to completely repeal a cap on state and local property tax deductions, which would help the high earners in high-tax areas.