A retired Ripon College economist says there’s a decent case to be made for President Biden’s latest spending plan. A month after he laid out a roughly $2 trillion infrastructure plan, president Biden unveiled an additional federal investment in education, child care and paid family leave during his first address to congress last week. Retired Ripon college economist Paul Schoofs says whether the final version will be as much as Biden is proposing remains to be seen. One of the components of the plan would help families afford child care. Schoofs says Biden’s proposal to provide paid family and medical leave is something most of the advanced economies of the world already have. The president intends to finance the latest package by hiking taxes on the rich.
