BALTIMORE – The $1.9 trillion rescue plan unveiled by President-elect Joe Biden offers the chance to sculpt the U.S.
economy toward the Democrats’ liking: a $15 minimum wage, aid to poor families and federal dollars going to public schools.It’s an ambitious effort that would arrive after roughly $4 trillion has already been devoted to fighting the pandemic.
But it could be quickly trimmed by congressional Republicans who are skeptical about raising the minimum wage and increasingly focused on the federal budget deficit that ballooned under President Donald Trump.“This is an opening bid.
There is a sense from Republican staff that $1.9 trillion is a little rich,” said Bill Hoagland, a former Republican aide who is senior vice president of.