The package will be aimed at a long-term perspective and will affect the development of national infrastructure and the transition to clean energy.
In the United States, President Joe Biden's economic advisers are preparing a new package of measures to support the economy for $3 trillion. This is reported by The New York Times on Tuesday, March 23.
Note that the US Congress only approved an anti-crisis package of measures for $1.9 trillion. The new package will be aimed at a longer-term perspective and will affect the development of national infrastructure and the transition to clean energy.
For easier congressional approval, it will probably be broken down into several smaller packages.
The first package is about infrastructure development, including clean energy and 5G. The money will be spent on broadband in rural areas, improving the skills of millions of workers, and building affordable and energy-efficient residential buildings. In particular, about $1 trillion will be spent on the construction of roads, bridges, railways, ports, charging stations for electric vehicles, and the modernization of the electric grid.
The second package is the social sphere. These include free education at community colleges, public kindergartens, and the national paid leave program. Some costs can be covered by raising taxes for large businesses and forcing multinational corporations to pay taxes in the United States on income earned abroad.
According to the previous aid package, Americans will receive $1,400 in aid due to the pandemic. The measures were designed to support small businesses, the unemployed, and families with children.
Recall that in the United States, 2020 was the deadliest year in history. The coronavirus has become the third cause of death in the country after cardiovascular diseases and cancer.