3 Trillion Dollars Will Cover the World Markets
The US is preparing a new $3 trillion economic support package.
The new plan could be presented to President Biden as early as this week.
It is proposed to finance the measures, including by raising taxes.
Advisers to US President Biden are developing a plan to stimulate the US economy, which will involve the allocation of about $3 trillion, in particular for the needs of science, education and the fight against climate change.
According to the sources of the publication, this plan has been discussed for several months. Administration officials said that the details of the plan are still unknown. But they stressed that the goals set out in the new package — the creation of national infrastructure and the transition to a low — carbon future-are inseparable.
Biden's advisers recommend splitting the package of new measures into two parts for consideration in Congress.
The first part of the measures will focus on infrastructure development, including clean energy and other "fast-growing industries of the future" such as 5G communication technology.
The second part of the package will affect the development of "human infrastructure — students, workers and unemployed people.
Some of the costs under the new package could be covered by higher corporate taxes, including raising the corporate income tax rate from the current 21% and measures to force multinational corporations to pay taxes in the United States on income they earn abroad.
Earlier, on March 11, Biden already signed a package of measures to help the economy and Americans in the amount of $1.9 trillion. It includes direct payments of $1400 to most Americans, $25 billion to support businesses in utility and rental payments, and about $10 billion to help mortgage borrowers.