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Not only does this legislation modernize Americas infrastructure, but it creates jobs across a variety of sectors.
Giving Americans more jobs in his final weeks in office is as easy as fast-tracking infrastructure projects.
Biden could fast-track infrastructure projects to immediately generate jobs and increase long-term economic resilience.
This would help ensure the smooth running of critical sectors.
In the last weeks of his administration, he can reinforce his stance throughtargeted fiscal measures.
Also important for stimulating demand in our economy is expanding tax credits targeted at fiscal policies.
Ray suggested that giving middle- and lower-income familiestemporary tax relief would directly put more money into consumers hands.
That makes sense since economic analysis has shown thatmore disposable incomeresults in more consumer spending.
According to the Bureau of Economic Analysis, U.S. GDP stands at close to 70% of consumer spending.
On that account, it is possible to increase disposable income withtax relief measuresand drive total economic activity.
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