• What to expect from Joe Biden’s first address to Congress

    28 Apr 2021 | Economic News
  



 What to expect from Joe Biden’s first address to Congress

President Joe Biden is giving his first address to Congress on Wednesday, and will lay out his agenda for pandemic recovery and economic development. In his speech, he’s expected to tout the administration’s successful effort to vaccinate 200 million people in its first 100 days, comment on legislation to curtail police violence, and push his massive infrastructure proposal.

Biden’s address will take place Wednesday, April 28, at 9 pm ET. It will be broadcast live on major networks such as PBS, CNN, Fox, and NBC, on C-SPAN, and streamed on the White House’s official YouTube page.


Biden has two major infrastructure proposals to sell during his joint address

The plan could stimulate the economy in the long term, while fixing crumbling infrastructure and aiding the transition to green energy. If passed, it would dedicate $621 billion in infrastructure to repairing the country’s dilapidated roads, bridges, ports, and railway systems, while allocating another $300 billion to bolster manufacturing, among other things. It’s a plan Biden wants to pay for by raising the corporate tax rate to 28 percent and closing loopholes on offshore banks and international corporations.

Biden can be expected to make a pitch for this plan Wednesday night, and will also detail the proposal’s counterpart, the American Families Plan. It’s a $1.8 trillion proposal focused on “human infrastructure” that would provide child care funding, universal prekindergarten programming, tuition-free community colleges, and paid family leave, along with extending the child tax credit and the earned income tax credit.

“The core of that [speech] will be him laying out the specifics of the American Families Plan, his commitment to child care, to education, and to delivering on those priorities,” White House press secretary Jen Psaki told reporters last Thursday.


Reference: VOX

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