In order to minimize the impact of the Covid-19 on the US economy, after approving the 1.9 trillion USD stimulus package, Biden administration prepares a new financial stimulus package and this new package is expected to be around 3 trillion USD.

President Joe Biden's $ 1.9 trillion financial aid package have recently approved by both the House and Congress. Joe Biden, who recently signed his stimulus package into law, began with his team preparing a giant infrastructure package in which he can get funding through tax increases on companies and the rich people to stimulate the economy, reduce carbon emissions and minimize economic inequality. This package will cover infrastructure investments and it will be divided into two separate legislative proposals. New details about the package will be shared by Joe Biden on Wednesday.

Speaking to Chris Wallace on Fox News, White House press secretary Jen Psaki noted that President Biden would divide his plan into two parts. She added that the President will announce the first part of the plan under the title of 'Build Back Better' this week, and social supports such as health services and child care will be announced at the end of April. In addition, U.S. President Joe Biden will share details of the giant $ 3 trillion package during his visit to Pittsburgh this week. The package covers infrastructure spending, and public spending is expected to be partially funded by tax increases.

The Biden administration's $ 3 trillion plan includes free kindergartens and universities, as well as roads, bridges, construction, combating global warming and labor, while 1 trillion USD of the package will be used for infrastructure operations such as roads, bridges, railroads and electric vehicle charging stations.

On the other hand, while it was raised that the bill could be signed into law without the support of Republicans, Republican Senator Mitch McConnell criticized the plan. "We’re hearing the next few months might bring a so-called ‘infrastructure’ proposal that may actually be a Trojan horse for massive tax hikes and other job-killing left-wing policies. Remember, the House Democrats tipped their hand last year. They published a sprawling proposal that pretended to be a highway bill but was really just a multi-thousand-page cousin of the Green New Deal.  It would have plowed unbelievable sums of money not into the kinds of big practical projects that Americans even think of as ‘infrastructure,’ but into their obsessive focus on climate policies to the exclusion of everything else," the Senator also noted.

"When you think about infrastructure, it’s a classic example of the kind of investment that has a return on that investment. That’s one of many reasons why we think this is so important. This is a jobs vision as much as it is an infrastructure vision, a climate vision and more," U.S. Secretary of Transportation Pete Buttigieg said on the last trading day of the week. Secretary Pete Buttigieg further noted that taxing drivers by the mile "shows a lot of promise" and could be a way to fund a big infrastructure overhaul.