We are in danger of losing our advantage as a state, the president said.
US President Joe Biden has insisted that his ambitious social spending proposal is key to US global competitiveness, and said those who oppose his plans are “complicit in America’s decline,” the Associated Press reported.
Biden, whose plans are threatened in Congress, paid a visit to Michigan, where he announced that he wanted to “settle some things” about his agenda.
“America continues to be the largest economy in the world, we still have the most productive workers and the most innovative minds in the world, but we are in danger of losing our advantage as a country,” he said.
The president outlined his plan in detail, highlighting popular parts of it, including funding for children’s early education and investments to combat climate change.
He stressed that the trillions of dollars he offered for social spending would be provided by tax increases on corporations and the richest Americans.
However, Biden acknowledged that the $ 3.5 trillion currently envisaged in his bill would be reduced, but insisted that work be done with Democrats in Congress.
Taxes for the richest, middle-class care – Joe Biden, who is in a precarious position after the chaotic withdrawal from Afghanistan, defended his plan for high public spending, which is key in his presidential term and which is to be voted in Congress, reported France Press.
US President Joe Biden’s plan to invest in infrastructure passed a key stage in the US Senate yesterday, world agencies reported.
The Senate voted to end the debate on the bill. The decision was supported by 49 Democrats and 18 Republicans, including their leader Mitch McConnell. 60 votes were required for the procedural vote to succeed
Approval of the large-scale $ 1.2 trillion infrastructure project in the Senate now seems practically guaranteed, with a majority of 51 votes enough. He will then be sent to the House of Representatives. However, it still has to go through another procedural stage, during which amendments can be voted on.
The plan is the result of months of negotiations and rare unanimity between Republican and Democratic senators. It provides $ 550 billion for new federal spending on roads, bridges, transportation, the Internet and the fight against climate change.
The plan reaches $ 1.2 trillion – similar to Spain‘s GDP last year – if other public finances are taken into account.
Speaking at the White House, Biden said:
“In the last 40 years, the rich in the United States have become even richer, and big companies have lost their sense of responsibility. Ordinary Americans who work hard have simply been removed from the economic game.”
The president stressed that 99 percent of working people pay the taxes they are required to pay, but everything is arranged differently for people who have tens of millions of dollars and who play by different rules. According to him, many of the richest people, falling into this 1 percent, manage to pay virtually no taxes.
Biden stressed that his plan establishes fairer taxes and economic burdens for the American middle class. The president pointed out that according to experts, about $ 160 billion that rich Americans collectively owe taxes each year is not paid, and America’s 55 most successful corporations pay zero dollars in federal income taxes, valued at $ 40 billion. According to Biden, his plan will help solve this problem, TASS reported.
