Biden’s pitch marked an important political inflection point: Even as the pandemic simmers, the battered U.S. economy is still much healthier than it was at the start of his presidency, when millions more were out of work and businesses nationwide lay dormant. The improved tail winds have allowed Biden to pivot and pursue a dramatic expansion of the country’s social safety net, chiefly through a series of new spending proposals that would be paid for by tax hikes on wealthy Americans and profitable corporations.

Source: Washington Post September 16, 2021 19:36 UTC