Just hours away,………… a preview.
Here's what's in Biden's $1.8T American Families Plan
The American Families Plan calls for a $200 billion program offering universal pre-kindergarten for all three- and four-year-olds; $109 billion for tuition-free community college for any American who wants it; $85 billion to increase Pell Grants to benefit low-income and minority students; and more than $4 billion in funding for larger scholarships, certification and support programs for teachers.
The proposal also calls for the creation of a national paid family and medical leave program. The $225 billion investment would provide workers up to $4,000 a month if they require leave to care for a new child, care for a seriously ill loved one, deal with an illness or another serious reason.
Other measures Biden will call on Congress to pass include a $45 billion investment in meal programs for children and low-income families; unemployment insurance reform; $225 billion for investments in child care that would include a $15 minimum wage for early childhood staff and expanded child care center accessibility.
The White House views the proposal as a companion to Biden’s $2.3 trillion infrastructure and climate plan he announced last month, and officials said that the investments would be made over a 10-year period.
The two plans combined total more than $4 trillion in government spending, on top of the $1.9 trillion coronavirus relief bill that Biden signed into law about 50 days into his term. The administration’s two most recent proposals include tax increases that would pay for both plans in full over a 15-year period.
Biden’s proposed jobs plan would be paid for through an increase in the corporate tax rate, while Wednesday’s proposal would roll back the 2017 Trump tax cuts by increasing the top individual tax rate from 37 percent to 39.6 percent for taxpayers in the top 1 percent of income. Biden is also proposing an increase in the capital gains tax rate for households making more than $1 million to 39.6 percent, which officials have said would only impact 0.3 percent of taxpayers.
How Biden's speech will make history
President Biden's address to a joint session of Congress on Wednesday will be noteworthy not because of the COVID-restricted audience but because he'll stand before two women in the House Chamber.
The biggest visible visual difference will be apparent when the president steps up to the podium. Vice President Kamala Harris and House Speaker Nancy Pelosi will be seated in the two chairs behind him.
Again you can view it here live………..
I have no doubt the world will be watching and happy knowing America is back.
Biden’s Early Tenure Has Improved America’s Image Abroad
Keep your friends close and your enemies closer.
The long term effect of Biden's $1.8 trillion budget plan will not end well.
Taxing the rich sounds just the thing but will cause decline in investment. Investment creates jobs so only follows job growth will decline. Btw Joe, there simply are not enough "rich" folks to pay for this massive debt.
Joe's primary jobs and the reason he was elected is to reunite the nation, get us past the Covid pandemic and get the economy running smoothly again. Sure everyone likes a nice "stimulus" check but their children will no doubt have to pay for it.
Even moderate conservatives across the nation will see this budget as no more than another tax and spend liberal plan with no thought to fiscal responsiblity.
Covid will pass in time given the vaccination effort. Jobs will return as a result but forget uniting the nation unless the budget has a significant decrease.
"Whenever you find yourself on the side of the majority, it is time to pause and reflect,"
I'll be looking for any signs of any further physical deterioration.
And the general mood, etc.
Figure he'll go the whole way?
i say down in six.
Worked well during the 1950's, 60's and 70's, when the top federal income tax rate remained high, never dipping below 70 percent. Today, the top rate is less than half that. Btw, private sector investment is not intended to create jobs. In fact, jobs are a cost to production and capital is continuously trying to reduce the costs of labour, as any economist will tell you. If private investment created enough work for everyone, then market economies would have solved their unemployment problem the day capitalism started and created the problem. In other words, laissez faire capitalism creates unemployment and inequality.
The US has over 800 billionaires, and just three men in the US own more wealth than 165 million Americans. If that is not enough, the IRS estimates that somewhere between $32-$36 trillion USD - yes trillion, not billion - is hidden in off-shore accounts, evading tax. We have a problem here and it's to do with gross inequality, the new gilded age as many economists now call it.
Standing in front of and below two strong women?
Down in four.
Why to worry. Do the richest pay tax, anyway?
Wondering whether Mr. Bezos will decline his investments? He has already foreseen how to rip also the profits of the sellers on his Amazon:
Google a bit "Thrasio", unprecedented growth, what's that? The new company (owned by former Amazon big guys) is quietly buying companies that are well selling on Amazon, further carrying on with their branch name, eliminating some for a "good competition"... How many small companies already in their hands they've got within 2 years? (Nobody knows...)
My attention isn't the issue if you're referencing a post several before yours that you hadn't even quoted so your snark and condescension is misplaced.
My twenty five cent review.
He made it through the hour and eight easily enough.
He looked well. I thought I detected a lack of concentration around :38 min., but he recovered well.
America is on the move again!
No quit in America!
Greatest logistical achievement since WW2. (the pandemic crisis)
Every American to drink clean water.
Job! Jobs! Jobs!
Make blades in Pittsburg, not Beijing!
Buy American! This one I have concerns with. "America's back but we'll protect are markets."
We will cure cancer! (Joe may have misspoke.0
Tough on China.........................Excellent.
Several comments directed at China, none really directed at Putin and Russia. (Excellent Joe.)
Jill gets standing O from Dems present.
Pelosi's hands will be chapped and bleeding from the vigorous clapping.
Ted Cruz shoots Biden the evil eye on several occasions.
How to pay?
Tax the evil rich!
China no pissing around in South China Sea. (Misskit will be pleased)
Joe talking with George's Floyd's young daughter.
"My daddy changed the world" (Yup he really did recount this story)
Transgender! America has your back. (Perhaps a poor choice of words?)
And,
May God protect our troops!
All finished.
A true diplomat is a person who can tell you to go to hell in such a manner that you will be asking for directions.
Actually, he spoke that such pandemic hasn't been here since civil war. Then, when such exceptional pandemic worldwide - and at home either - one has to wonder, why in this terrible time the biggest armament race has been triggered?
Where is the threat? Is it so eminent that the enormous amount of money and huge effort cannot be better used to reduce the suffering of millions of people at home and abroad?
Last edited by Klondyke; 29-04-2021 at 04:37 PM.
[QUOTE=Klondyke;4252016]Actually, he spoke that such pandemic hasn't been here since civil war. [/QUOTE
Actually the "civil war" reference was to the "Great Insurrection of 2021."
He said it was the greatest assault against the Capitol since the Civil War.
Or did he say the greatest assault against American democracy?
“America is not a racist country,” says Tim Scott, one of only three Black Republicans in the entire United States Congress... Who then goes on to detail racism he faced.
Not a big Biden fan but have to give credit when credit is due.
RESPECT!
He is really moving his ass and America in the right direction.
I just need 15 more years of good employment and 8-10% market gains per year and I can cash the fuck out before this all comes crashing down.
I realize 95% of forum posters do not comprehend how American retirement works or how the “market” effects a large portion of American citizens, but it does, and these continual trillion dollar spending plans and “tax the rich” proposals are gonna catch up one day and I hope to fuck I’m out of it before it comes crashing down.
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