Politics Random, Random

[ti-amie]

What’s in Biden’s $2 trillion jobs and infrastructure plan?
The proposal, which includes a major focus on climate change, could lay the groundwork for the president’s economic agenda

By
Rachel Siegel
March 31, 2021 at 2:14 p.m. EDT

President Biden unveiled a $2 trillion jobs and infrastructure plan Wednesday to address some of the country’s most pressing problems, including damaged bridges, unequal broadband access, climate change and care for people with disabilities and the elderly.

Biden’s proposal, the American Jobs Plan, would be paid for, in part, by raising the corporate tax rate and global minimum tax. Many of these measures would reverse the Trump administration’s 2017 tax cuts.

(...)

The American Jobs Plan is expected to be followed by a second economic package in April that includes a major expansion in health insurance coverage, child-care subsidies, free access to community colleges and other proposals.

Infrastructure: $621 billion

The plan would invest $115 billion to revamp highways and roads, including 10 major and 10,000 smaller bridges in need of reconstruction. It also includes $20 billion to improve road safety, including for cyclists and pedestrians.

The plan calls for $85 billion to modernize existing transit systems and help agencies expand to meet rider demand. The investment would double federal funding for public transit.

Biden is proposing $80 billion to fix Amtrak’s repair backlog.

It would establish $174 billion in grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 electric-vehicle chargers by 2030.

The proposal seeks to replace 50,000 diesel transit vehicles and electrify at least 20 percent of the country’s yellow school bus fleet.

The plan would invest $25 billion in airports, including programs to renovate terminals and expand car-free access to air travel.

Biden is also pitching $17 billion for inland waterways, coastal ports, land ports of entry and ferries to invest in the nation’s freight system.

Infrastructure ‘at home’: $650 billion

Biden’s proposal would invest $213 billion to build and retrofit more than 2 million homes. The plan would build and rehabilitate more than 500,000 homes for low- and middle-income home buyers and invest $40 billion to improve public housing.

Biden’s proposal aims to deliver universal broadband, including to more than 35 percent of rural Americans who lack access to high-speed Internet.

The plan would invest $111 billion for clean drinking water, $45 billion of which would be used to replace the country’s lead pipes and service lines. The effort would reduce lead exposure in 400,000 schools and child-care facilities and improve the safety of drinking water.

The proposal calls for $100 billion to upgrade and build new public schools. It also would invest $12 billion in community college infrastructure and $25 billion to upgrade child-care facilities.

Biden is proposing $18 billion to modernize Department of Veterans Affairs hospitals and clinics and $10 billion to revamp federal buildings.

Care economy: $400 billion

The plan expands access to home- or community-based care for seniors and people with disabilities. It would extend a Medicaid program, Money Follows the Person, to move elderly residents out of nursing homes and back into their own homes or into the care of loved ones.

Biden also calls for improving working conditions, including higher wages and more benefits, for caretakers, who are disproportionately women of color and who have largely stayed on the job during the coronavirus pandemic.

Research and development, manufacturing and training: $580 billion

Biden’s proposal would invest $180 billion in research and development. That includes a major clean-energy push to reduce emissions, build climate resilience and boost climate-focused research.

The plan would invest $50 billion in domestic semiconductor manufacturing.

It would provide incentives for companies to locate local manufacturing jobs in the “industrial heartland.”

The plan would double the number of registered apprenticeships to more than 1 million and invest in a more inclusive science and technology workforce.

Tax overhaul

The White House plan calls for about $2 trillion in new spending over eight years. The proposed tax increases would cover that cost over 15 years and become permanent.

The plan raises the corporate tax rate from 21 percent to 28 percent.

It also increases the global minimum tax paid from about 13 percent to 21 percent.

The proposal ends federal tax breaks for fossil fuel companies.

It also ramps up tax enforcement against corporations and prevents U.S. corporations from claiming tax havens as their residence.

Responding to climate change

Much of Biden’s spending package focuses on green infrastructure and job creation. For example, the White House says automakers could hire workers to make batteries and parts for electric vehicles, shoring up their own supply chains. Consumers would also get tax incentives to buy American-made electric vehicles.

The White House says that 40 percent of the benefits of its climate and clean-infrastructure investments would go to disadvantaged communities.

The Biden administration argues that retrofitting homes and public infrastructure will reduce the billions of dollars in damage caused by climate disasters. The plan calls for $50 billion to improve resilience to climate change, including by protecting electric grids, food systems, urban infrastructure and hospitals in communities most vulnerable to flooding and other severe weather events.

The infrastructure overhaul would also cover protection from wildfires, sea-level rise, hurricanes and droughts and shore up dam safety.

The plan would put $35 billion toward clean-energy technology, new methods for reducing emissions and other broad-based climate research.

The plan would establish an Energy Efficiency and Clean Electricity Standard that would set specific targets to cut how much coal- and gas-fired electricity power companies use over time.

Worker rights
Biden’s plan calls for passage of the Protecting the Right to Organize Act, or Pro Act, which is aimed at significantly strengthening workers’ rights to organize.

The proposal also places a heavy emphasis on creating union-backed jobs.

https://www.washingtonpost.com/us-polic ... ture-plan/

[ponchi101]

Yet the sacred cow of the USA, Wall Street, remains untouched. No taxes for transactions, or anything related.

[ti-amie]

Yet the sacred cow of the USA, Wall Street, remains untouched. No taxes for transactions, or anything related.

Good point.

I think it's a decent start. And of course Moscow Mitch has already come out against it.

[ti-amie]

[ti-amie]

Because of course.

[patrick]

Yet the sacred cow of the USA, Wall Street, remains untouched. No taxes for transactions, or anything related.

Good point.

I think it's a decent start. And of course Moscow Mitch has already come out against it.

Henchmen profits would be below expectations.

[ti-amie]

I'll just leave this here...

[dryrunguy]

tumblr_mvm79oB7w71sbhkw0o2_500.png

[ti-amie]

In vino, veritas.

[MJ2004]

Lol

[ti-amie]

[ti-amie]

There are many activists in Georgia who feel that boycotts called for by the film and tv industries and direct action like that taken by MLB will only hurt Georgians who depend on them for jobs. I don't know how to feel about their stance to be honest. Here is Stacey Abrams reaction to what MLB did:



I saw this first.

Claire Willett
@clairewillett
Replying to @clairewillett
MLB could have been like "we're donating X% of our profits from this game to Fair Fight because we support voting rights for everybody and we think this law is wrong" and run a whole series of TV promos with popular players talking about voting rights as a bipartisan issue

I'm fine with what MLB did.

[ponchi101]

You can't get into a fight and NOT be hit. That is the definition of fight. So sure, maybe if TV/Movies boycott Georgia a lot of people not involved in this (who isn't?) will suffer, and maybe the state will suffer financially. But that is the point. Your rights are being trampled and therefore you need to do something of substance and that involved fighting.
If you expect that law to be repealed, you can't do that via a FB/TWT petition.

[JazzNU]

In vino, veritas.

I don't think he needs the liquor. This was originally from a talk at Stanford, the one where he called him Lucifer in the Flesh.

[JazzNU]

I'm fine with what MLB did.

I completely approve. The fight to end Apartheid in South Africa had been going on for years with minor progress and the only thing that got talks moving to end the system at a much more rapid pace was when companies were forced to divest after their ties were exposed.

Yes, it will hurt Georgia some right now. But it also works and you need something that works and works quickly. When North Carolina passed that repulsive bathroom bill several years ago that other states also had in the works, North Carolina got slammed. NCAA moved all championships out of the state, and they always have them there with a ridiculous (biased) frequency. Companies voiced their disapproval loudly, some cancelling planned expansions, others moving the things they could out of the state. They lost event after event. And then Hollywood tv and movie productions, of which there were many in Wilmington, NC, pulled out of the state. No other state passed a similar bill. And NC suffered until it was repealed, but it didn't go under during that time and they are fine now. It's an effective strategy with a proven success record.

Donations to organizations supporting voting rights can still happen, it doesn't need to be an either or. But acting like that's all that needs to be done for change is unrealistic. Like trying to wait for them to see the error of their ways just because it's the right thing to do. The loss of revenue is on the GOP. They can stop being racist ******** anytime and this will all end.