Biden: Trickle-down economics "has never worked"

The big picture: Biden noted that tax cuts during the Trump administration were a boon to corporations and wealthy Americans and the pandemic has only increased economic inequality in the U.S.

• Biden's plans, he argued, would invest in the "human infrastructure" that allows for the growth of the middle class and raising people out of poverty.

What he's saying: "I will not add to the tax burden of the middle class of this country. They’re already paying enough."

• "What I’ve proposed is fair. It’s fiscally responsible."
• "My fellow Americans, trickle-down economics has never worked," Biden said.
• "It’s time to grow the economy from the bottom up and middle-out."

"A broad consensus of economists – left, right, center – agree that what I’m proposing will help create millions of jobs and generate historic economic growth."