Joe Biden speaks at McGregor Industries in Dunmore, Pennsylvania. Photo: AFP
Joe Biden speaks at McGregor Industries in Dunmore, Pennsylvania. Photo: AFP

Biden launches US$700 billion recovery plan, vowing to stimulate economy and ‘Buy America’

  • The goal is ‘to sharpen America’s competitive edge’ in new industries like battery technology, artificial intelligence, biotechnologies and clean energy
  • Biden’s plan also promotes new tax rules including hiking the corporate tax rate to 28 per cent from 21 per cent, and expands union access to empower workers

Joe Biden speaks at McGregor Industries in Dunmore, Pennsylvania. Photo: AFP
Joe Biden speaks at McGregor Industries in Dunmore, Pennsylvania. Photo: AFP
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