Report: Biden Prepping a Massive New Spending Package That Dwarfs the $1.9 Trillion COVID Bill

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The Biden administration plans to follow up the $1.9 trillion COVID-19 relief bill with more legislative initiatives that could cost up to $3 trillion, according to a new report. According to The New York Times, the first piece to hit Congress is likely to focus on rebuilding America’s infrastructure and could be coupled with a tax increase. Legislation to reduce carbon emissions is also expected to be part of the package. The Times report said that “clean energy deployment” and the development of “high-growth industries of the future” such as 5G telecommunications would also be part of the package. Documents reviewed by the paper said the proposal would spend $1 trillion on “roads, bridges, rail lines, ports, electric vehicle charging stations, and improvements to the electric grid and other parts of the power sector.”

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