Biden unveils $2-trillion recovery plan

President Biden announced a massive plan worth $2.3 trillion to set the U.S. economy back on the growth path.

The AP’s Jonathan Lemire, Kevin Freking, and Zeke Miller reported:

President Joe Biden outlined a huge $2.3 trillion plan Wednesday to reengineer the nation’s infrastructure in what he billed as “a once-in-a-generation investment in America” that would undo his predecessor’s signature legislative achievement — giant tax cuts for corporations — in the process.

Andrew Restuccia and Tarini Parti from The Wall Street Journal wrote:

“Here’s the truth: We all will do better when we all do well,” Mr. Biden said, arguing that the pandemic had exposed longstanding inequalities in the country. “It’s time to build our economy from the bottom up and from the middle up, not the top down.”

He said his plan isn’t an attack on wealthy Americans. “This is not to target those who’ve made it, not to seek retribution,” he said. “This is about opening opportunities for everybody else.”

CNN’s Kate Sullivan noted:

Biden made the case the spending would pay for desperately needed upgrades for roads and bridges as well ports and airports — all while helping to reduce climate change.

“It’s the largest American jobs investment since World War II. It’ll create millions of jobs, good paying jobs, it’ll grow the economy, make us more competitive around the world, promote our national security interests and put us in a position to win the global competition with China in the upcoming years,” Biden said.