“The largest federal tax increase since 1942,” is how the ''New York Times'', in a front-page news article, described Biden’s plan for the American economy.
“The largest federal tax increase since 1942,” is how the ''New York Times'', in a front-page news article, described Biden’s plan for the American economy.
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====Climate change====
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At an [[Earth Day]] virtual summit on April 22, 2021, Biden pledged to cut U.S. emissions by half by 2030,<ref>https://www.nbcnews.com/politics/white-house/biden-will-commit-halving-u-s-emissions-2030-part-paris-n1264892</ref> the [[European Union]] agreed to go carbon neutral by 2050,<ref>https://www.scmp.com/news/world/europe/article/3130431/european-union-agrees-go-carbon-neutral-2050-ahead-biden-climate</ref> the People's Republic of China pledged only to reduce coal consumption - starting in 2026.</ref>