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Biden to urge Democrats to back new $1.75 trillion spending framework -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: U.S. president Joe Biden campaigned for Terry McAuliffe, the Democratic candidate to be Virginia governor, at an Arlington rally, Virginia on October 26, 2021. REUTERS/Jonathan Ernst/File Photograph

WASHINGTON (Reuters] – President Joe Biden, the United States, will ask Congressmen to approve a new $1.75 Trillion framework for spending on economics and climate change. This is despite divisions that exist between progressive and moderate Democrats. Senior administration officials stated Thursday.

According to them, the tax reforms would fully pay for the structure by eliminating some of Trump’s previous tax cuts, adding a surcharge to corporate stock buybacks and a surcharge to the incomes of the most wealthy Americans.

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