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President Biden talks infrastructure at the Flatirons campus of the National Renewable Energy Laboratory in Arvanda, Colo., on Tuesday. Photo: Evan Vucci/AP

In East Room remarks Thursday afternoon on leveling the economic playing field, President Biden will argue that his Build Back Better plan will "deal everyone in."

What to watch: A White House official tells me that Biden will argue that the nation has reached an inflection point — whether or not to perpetuate an economy where the wealthiest taxpayers and biggest corporations play by a set of rules they’ve written for themselves.

  • Biden will argue that we simply can't revert to how things were before the pandemic, the official said.

✉️ First look: 15 winners of the Nobel Prize in economics, including Joseph Stiglitz, write in an open letter that Biden's agenda will reduce long-term inflationary pressure, provide inclusive economic growth and make the tax system more equitable:

  • "Success in the 21st century will require building upon the bi-partisan infrastructure deal that has passed the Senate."

Read the letter.

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Go deeper

24 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Mike Allen, author of AM
34 mins ago - Politics & Policy

Fauci fires back at Rand Paul for slam on tonight's "Axios on HBO"

Responding to charges by Sen. Rand Paul on Sunday's "Axios on HBO," NIAID director Anthony Fauci told "ABC This Week" that it's "molecularly impossible" for U.S.-funded bat virus research in China to have produced COVID-19.

Why it matters: The issue 0f Wuhan research was reignited on the right last week with a National Institutes of Health letter to Congress disclosing more about the research.

Manchin, Schumer huddle with Biden in Delaware to discuss spending bill

Senate Majority Leader Chuck Schumer (L) and Sen. Joe Manchin (R) at the U.S. Capitol on Nov. 13, 2014. Photo: Win McNamee/Getty Images

Sen. Joe Manchin (D-W.Va.) will meet with President Biden and Senate Majority Leader Charles Schumer (D-N.Y.) on Sunday morning in Delaware as Democrats look to reach an agreement on the massive spending measure.

Driving the news: Democrats are still negotiating what to keep in the bill and how to pay for it, with Biden saying on Thursday that the party does not have the votes to raise the corporate tax rate.

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