US SENATE APPROVED $ 3.5 TRILLION EXPENDITURE PLAN



Media Says US Senate Allocates $ 3.5 Trillion For A Number Of Social Programs

The US Senate on Wednesday approved a spending plan of $ 3.5 trillion, which includes spending on climate change measures and a number of domestic social programs, the New York Times reported, citing the results of the vote.

 

It is noted that the new plan will also imply spending on health and education against the backdrop of the authorities' intention to raise taxes for wealthy people and corporations with high incomes. The bill was supported by 50 senators, 49 opposed. Senators also blocked the amendment, which was aimed at preventing any tax increases.

 

Later on the plan of expenditures will be voted on in the US House of Representatives.

 

The publication emphasizes that the vote took place a few hours after the US Senate passed the $ 1.2 trillion infrastructure development bill.

 

This is the largest investment of this kind in recent history. Joe Biden's administration believes that this will help the United States stay ahead in competition with other countries, primarily China.

 

The bill was supported in the Senate by Democrats and part of the Republicans. The White House also supports the bill, but its current passage in the House of Representatives is not guaranteed as the Democrats in the House agree to consider it only in tandem with an additional spending of $ 3.5 trillion.

 

 

 

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