A new New Deal? How Biden's spending plans stack up to past presidential proposals

WASHINGTON – A new New Deal? A reversal of the decades of focus on tax cuts and efforts to limit spending growth ushered in by former President Ronald Reagan? Spending that approaches levels in social democracies?

President Joe Biden has ambitious proposals to not just get the economy back on track after the coronavirus pandemic, but to also make generational investments to improve infrastructure, fight climate change, reduce inequality and increase the nation’s global competitiveness.