• By The Financial District


Joe Biden offered a massive plan on Tuesday to create 3 million jobs and improve care for children and the elderly as he accused President Donald Trump of having “quit” on the country during a deadly pandemic, Will Weisert and Alexandra Jaffe reported for the Associated Press (AP) late on July 21, 2020.

The presumptive Democratic presidential nominee promised to spend more than three quarters of a trillion dollars — $775 billion over 10 years — to increase tax credits for low-income families, bolster care-giving services for veterans and other seniors and provide preschool for all 3- and 4-year-olds.

“This is about easing the squeeze on working families” and showing families the “dignity and respect they deserve,” he said during a speech in New Castle, Delaware. “For all his bluster about his expertise about the economy, he’s unable to explain how he’ll help working families hit the hardest,” Biden said. He added that Trump “failed his most important test as an American president: the duty to care for you, for all of us.”

It’s the third plank of Biden’s larger economic recovery plan, following a $2 trillion environmental proposal he released last week and a $700 billion package unveiled the week before seeking to increase government purchasing of U.S.-based goods and invest in new research and development. Biden is attempting to illustrate for voters how the coronavirus can present opportunities for job growth and new policy priorities in contrast to Trump, who has promised to rebuild the economy stronger than ever but otherwise struggled to articulate what he hopes to accomplish with a second term.