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Biden celebrates relief legislation with rebuke of ‘trickle-down’ economics: ‘It changes the paradigm’


Biden celebrates relief legislation with rebuke of ‘trickle-down’ economics: ‘It changes the paradigm’

Biden celebrates relief legislation with rebuke of ‘trickle-down’ economics: ‘It changes the paradigm’

During an address from the White House Rose Garden, President Joe Biden criticised the conservative fiscal legacies of his predecessors and “trickle-down” policies that have enshrined economic inequality in the US for decades.

The president – joined by White House officials and Democratic congressional leadership on Friday to celebrate the passage of a massive $1.9 trillion coronavirus relief package – said the legislation “changes the paradigm” for American economic policy.

“For the first time in a long time, this bill puts working people in this nation first,” he said. “We’ve seen time and time again that trickle down does not work … All it’s done is make those at the top richer in the past, and everyone else falling behind. This time, it’s time that we build an economy that grows from the bottom up and the middle out.”


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