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About: Economic policy of the Joe Biden administration     Goto   Sponge   NotDistinct   Permalink

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The economic policy of the Joe Biden administration, colloquially named Bidenomics, is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the safety net, funded by tax increases on higher-income individuals and corporations. Other goals include: increasing the national minimum wage and expanding worker training; narrowing income inequality; expanding access to affordable healthcare; and forgiveness of student loan debt. The March 2021 enactment of the American Rescue Plan to provide relief from the economic impact of the COVID-19 pandemic was the first major element of the policy. Biden's Infrastructure Investment and Jobs Act was signed into law in November 2021 and contains about $550 billion in addi