Following months of negotiations with spending-hesitant moderates, President Joe Biden on Thursday debuted a new social spending proposal aimed at «restoring the middle class» by tackling many of Democrats’ policy priorities—including free universal preschool for children and an expanded child tax credit—while nixing several others to lower the overall price tag, thought it’s still unclear whether the new package can muster up the support necessary to pass in the evenly split Senate.
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Biden Unveils New Social Spending Proposal—Here’s What Remains After $2 Trillion In Cuts