Biden $4 Trillion Plan Pivots on Pelosi, Schumer, GOP Moderates

The fate of President Joe Biden’s $4 trillion economic vision for the U.S. now rests with the lawmakers turning his infrastructure and social-spending plans into legislation that can get through a narrowly divided Congress.

Congress approved his $1.9 trillion coronavirus-relief plan in March, largely intact and less than two months after it was proposed. This time Biden has put forth the $2.3 trillion American Jobs Plan focused on infrastructure, manufacturing and corporate tax increases, and the $1.8 trillion American Families Plan composed mainly of social spending and tax hikes on wealthy individuals.

Passing the spending and tax increases envisioned...