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Big Government Is Set for a Rerun With Biden’s Economic Plan

  • Spending, tax plans follow four decades of ‘supply side’ ideas
  • Shift sparks debate over whether economy will surge or suffer
Joe Biden at the White House in Washington, D.C., on April 27.

Joe Biden at the White House in Washington, D.C., on April 27.

Photographer: Stefani Reynolds/Bloomberg
Updated on

Big government is back.

Four decades after Ronald Reagan’s philosophy of lowering taxes and shrinking government took hold -- culminating in Donald Trump’s 2017 tax cuts -- Joe Biden is turning U.S. economic policy in the opposite direction.