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Joe Biden tackles economy with big $700 billion spending plan
Jul 09, 2020 1 min, 13 secs
Doles out $400 billion for federal 'Buy American' spending, $300 billion on high-tech.

Biden on Thursday is rolling out a sweeping economic plan that would spend $300 billion on high-tech, $400 billion on a federal “Buy American” project and empower unions.

The proposal, which he will announce at a campaign stop in Pennsylvania, is the presumptive Democratic presidential nominee’s stab at President Trump’s biggest strength in the race: voter confidence in Mr.

Biden would pour $300 billion into research and development of high-tech, including electric vehicle technology, lightweight materials, 5G telecommunications and artificial intelligence.

The Biden campaign said it would “unleash high-quality job creation in high-value manufacturing and technology.”.

By spending another $400 billion of federal procurement, Mr.

The new Biden economic formula continues his tack to the left following a “unity platform” that he devised with Sen.

The wave of spending, which would be on top of a $1.7 trillion clean energy and infrastructure plan, would aim to fuel new demand for American products, materials, and services and ensure that they are shipped on U.S.-flagged cargo carriers, according to the campaign

Biden also promises another round of coronavirus spending on top of the nearly $3 trillion Congress already put on the federal credit card in response to the crisis

The Biden campaign said his union agenda would crack down on employers interfering in union organizing, expand union rights for public service workers and institute a broad definition of “employee” and tough enforcement to end the misclassification of workers as independent contractors

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