$555bn in climate action but no new tax on billionaires: what’s in Biden’s plan?

President's $1.75tn spending framework includes investments in childcare and healthcare, but 12 weeks of paid family leave is out

Joe Biden on Thursday released the framework of a $1.75tn social and climate spending proposal after weeks of fraught negotiations with congressional Democrats.

The framework includes investments in childcare, climate change mitigation and an expansion of healthcare, but it is a significantly pared-down version of the original $3.5tn agenda Biden had proposed.