President Biden and his administration will lay out a sweeping array of proposals for increased federal spending this week, including the first look at his budget plans for the year and the details of his much-anticipated infrastructure plan.
The president will travel to Pittsburgh on Wednesday to detail a “Build Back Better” proposal that aides say will include $3 trillion in new spending and up to $1 trillion more in tax credits and other tax incentives.
It will feature investments in traditional infrastructure projects like rebuilding roads, bridges and water systems; spending to advance a transition to a lower-carbon energy system, like electric vehicle charging stations and the construction of energy-efficient buildings; investments in emerging industries like advanced batteries; education efforts like free community college and universal prekindergarten; and measures to help women work and earn more, like increased support for child care.
Mr. Biden’s agenda is expected to be offset, at least in part, by a wide range of tax increases on corporations and high earners.
The president said at a news conference last week that his next initiative would be “to rebuild the infrastructure — both physical and technological infrastructure in this country — so that we can compete and create significant numbers of really good-paying jobs. Really good-paying jobs.”
The White House’s Office of Management and Budget is also expected this week to release Mr. Biden’s discretionary funding request for the next fiscal year — detailing spending that is separate from the infrastructure plan. White House officials say it will lay out agency-by-agency funding levels and other information to help congressional committees begin to write next year’s appropriation’s bills, which for the first time in a decade will not be limited by spending caps imposed by Congress. (Lawmakers have agreed to break those caps in recent years.)
That request will not include Mr. Biden’s tax plans, the officials said. The administration’s full budget will be presented to Congress later this spring.
Mr. Biden has already signed $1.9 trillion of new spending into law, a coronavirus relief bill that included direct payments to individuals, expansions of the safety net for the unemployed and low-income workers, and new tax credits meant to lift people, particularly children, out of poverty.
Aides presented Mr. Biden last week with a plan to break his infrastructure proposal in two, in order to maximize its chances of clearing a Congress where Democrats hold a narrow majority. On Sunday, a reporter asked Mr. Biden if he had chosen whether to split up the package or push a single bill.
“I have,” he said, “but I ain’t telling you.”