[BREAKING] US President's Joe Biden's $3.5 Trillion Budget Plan, Approved! Expect Health Care Expansion and Programs
The United States Senate finally approved U.S. President Joe Biden's proposed $3.5 trillion budget plan. This major trillion-dollar spending blueprint has been finalized on Wednesday, Aug. 11, after multiple voting sessions.
Democratic U.S. presidential nominee Joe Biden gestures during a campaign stop outside Johnstown Train Station September 30, 2020 in Johnstown, Pennsylvania. Former Vice President Biden continues to campaign for the upcoming presidential election today on a day-long train tour with stops in Ohio and Pennsylvania.
According to Forbes' latest report, the massive budget plan would definitely increase the taxes of rich U.S. residents, corporations, and other businesses.
Although this is the case, the American leader and the Democrats reassured that this funding would expand various programs to make the United States a better place, especially during the ongoing pandemic.
US President Joe Biden's Trillion-Dollar Budget Plan
Biden's $3.5 trillion budget program would be used to expand various programs, such as health care, climate change, social security, and other important projects, which are expected to benefit taxpayers.
Former U.S. Vice President and Democratic presidential candidate Joe Biden speaks during a campaign kickoff rally, May 18, 2019 in Philadelphia, Pennsylvania. Since Biden announced his candidacy in late April, he has taken the top spot in all polls of the sprawling Democratic primary field. Biden's rally on Saturday was his first large-scale campaign rally.
NBC News also reported that the U.S. leader claimed that the infrastructure bill would further transform the United States. He added that the large investment would improve the country's water system, broadband service, roads, as well as public transit.
"Senate Democrats just passed our budget resolution to provide historic investments in American jobs, American families, and the fight against climate change," said the Senate Majority Leader Chuck Schumer.
Other Plans of Biden
Aside from the new infrastructure bill, CNN Politics recently reported that the American president also announced to make more than half of all the vehicles electric or zero-emission. He added that their goal could be completed this coming 2030.
Biden said that their EV innovation is a part of his administration's plan to combat the rising climate crisis. He added that the automobiles to be sold by 2030 should only use battery, fuel-cell, or should be plug-in hybrid models.