WASHINGTON — After a two-month, $2 trillion sprint to pass aid for an economy still hobbled by the coronavirus pandemic, President Biden is finally set to detail his “Build Back Better” agenda next week in Pittsburgh. Its name, carried over from the 2020 campaign, has become a catchall phrase that cabinet officials and junior aides use to describe all manner of plans to overhaul American capitalism.
In the weeks ahead, the president’s strategic choices will show the country what “building” really means, to him.
Mr. Biden’s forthcoming proposals, which aides and documents suggest could cost as much as $4 trillion over the next decade, are a pivot to the core economic agenda he campaigned on: rebuilding infrastructure, revitalizing America’s competitiveness in emerging industries and reducing the barriers that hold back men of color and women in the workplace.
Mr. Biden will have the benefit of momentum in pushing them, and of a political moment that seems ripe for another large spending bill. Democrats are riding high on the public approval ratings for their coronavirus relief bill across the country. Even the most conservative Democrats in the Senate are eager to spend big again to address infrastructure concerns that have festered for a decade, and to combat widened income inequality that has helped fuel the rise of populist politicians in both parties.
low-carbon energy economy.
toured the Mississippi River to celebrate projects built with money from an $800 billion economic stimulus bill that had passed seven years before. He stopped at a port, a bus and train terminal, and a rail yard where he declared, “I’m a railroad guy.”
In his campaign, he spoke frequently of the need to build more in the United States to improve the economy and better compete with international rivals like China in a host of emerging industries like fifth-generation cellular networks, known as 5G, and advanced battery manufacturing. Like President Donald J. Trump before him, he has set ambitious goals to reverse a decades-long slide in American factory employment, pledging to create at least five million new jobs in manufacturing and innovation. Aides say he is particularly fond of repeating his pledge to install 500,000 electric-car charging stations across the country.
The “Build Back Better” plan that his economic advisers recommended Mr. Biden pursue this week would lead with those physical investments: a combination of spending and tax incentives on traditional infrastructure, high-growth industry cultivation and carbon-reducing energy investment that documents suggest could top $2 trillion.
But Mr. Biden’s economic advisers emphasize that the economy needs more than construction to increase productivity and achieve the president’s goals. They argue that it also needs investments in education, like universal prekindergarten and free community college, and in efforts to relieve the burdens of caring for family that often hamper working women. Those initiatives are included in the second half of the proposal that aides took to Mr. Biden this week, along with extensions of newly expanded tax credits meant to fight poverty.