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Biden Promises New ‘Paradigm’ in Economic Program Next Week

  • Paints dire picture of infrastructure against China’s spending
  • Biden wants to ‘reward work,’ as team works on tax plans
President Biden's News Conference Debut Puts Border, Guns, Covid In Focus

Photographer: Oliver Contreras/Sipa/Bloomberg 

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President Joe Biden said he will unveil his long-term economic rejuvenation plan next week, promising increased support for the middle class and a major ramp-up in investment and infrastructure spending that will strengthen the U.S. position against China.

“I want to change the paradigm -- we start to reward work, not just wealth,” Biden said Thursday in his first press conference since taking office. He alluded to expanded support for health care and tax changes to address a system that currently contributes to “feathering the nest of the wealthiest Americans.”