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.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
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.