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It’s been a big month for Bidenomics.
After a year marked by Democrats’ internal dysfunction, Congress has over the last few weeks suddenly delivered a raft of legislation that will help form the core of President Biden’s economic record before lawmakers face voters in the 2022 midterm elections.
Beyond the economic rescue package and bipartisan infrastructure law passed last year, Congress this month alone also approved a $280 billion measure to expand veterans health care, a $280 billion law to counter China’s economic rise, and the Inflation Reduction Act centered on addressing the climate crisis, lowering health-care costs and raising taxes on large corporations.
The recent wins, in particular, have sharpened the Biden administration’s imprint on the U.S. economy. His presidency combines some traditional features of Democratic policymaking — such as pursuing higher taxes and expanded access…