Joe Biden made a heartfelt plea Republican He works with him on a $ 2 trillion infrastructure program, casting and warning it as essential to maintaining America’s superpower status. “Neglect is not just an option.”
The US President has indicated that he is ready to negotiate the proposed 28% corporate tax rate to fund the package. This represents a sharp increase from the 21% tax set by its predecessor Donald Trump’s 2017 tax bill, but lower than the 35% tax rate under Barack Obama.
But Biden was also furious as he warned of the country’s decline, investing less in infrastructure than it was 25 years ago, and at risk of losing an existential struggle with China.
Biden’s promise as a candidate for transpartisan has hit the Republican opposition wall so far. Initially a $ 1.9 trillion coronavirus bailout package, and now a $ 2 trillion infrastructure investment.
On Wednesday, Vice President Kamala Harris was on the side of the Eisenhower Executive Building in Washington, walking in a line trying to appeal across the aisle, frankly revealing that he would move forward as needed.
He and Harris promised to meet both Democrats and Republicans in the coming weeks, Biden said: “Discussion is welcome. Compromises are inevitable. Change is certain … we listen. We accept good ideas and good faith negotiations, but this is not what we accept. We are not open to doing anything. Negotiation is not just an option. “
Republican opposition to US employment plans has focused on tax increases, and they claim an overly broad definition of infrastructure. The president tried to neutralize the argument.
“Trains weren’t a traditional infrastructure until the United States chose to lay railroad tracks across the country 200 years ago,” he said. “Highways weren’t traditional infrastructure until we could imagine that roads could connect our country across state boundaries.
“Infrastructure ideas have always evolved to meet the aspirations and needs of Americans, and they are evolving again today. Start looking at infrastructure through its impact on the lives of people working in the United States. is needed.”
High-speed internet, power grids that won’t collapse in winter storms, investments in “Made in America” products from all communities, pipes that provide clean drinking water, clean energy, facilities for military veterans, all living in the 21st century , Biden continued.
He said the potential for job creation is immeasurable, including those without a college degree, a demographic that supported Donald Trump in the presidential election. “This is a blue-collar blueprint to increase the opportunities for Americans.”
Biden tried to draw a line from an individual – “How many of you know when you send a child to a fountain to school?” Are they drinking supplied by lead pipes?– Geopolitically, it suggests that in the coming months, much will be written about how China and other countries are competing ahead of the United States in investing in the future.
“Previously, we invested almost 2.7% of GDP in infrastructure. Now it’s about 0.7%. When we were investing it, we were world leaders. Why did we get this? I don’t know if it isn’t. It’s one of the few major economies in the world where public investment in R & D has declined as a percentage of GDP over the last 25 years. “
Visibly angry, he became a boom. The world-leading United States! “
Like his previous speech, Biden assembled the order in the context of competition with China and a fundamental battle for the future. Between democracy and dictatorship.
Beijing is not waiting for investment in digital infrastructure, R & D, he said. “But they expect American democracy to be too slow, too restrictive, too divided and unable to keep pace.
“We need to show the world. More importantly, we need to show that democracy is working and that we can work together on the big things. For God, it is the United States. “
Biden added that the division of the factions should not stop the United States from doing the right thing for the future. “These aren’t Republican bridges, democratic airports, Republican hospitals, or democratic power networks … we’re at the inflection point of American democracy. This is whether democracy can be achieved. It’s the moment to prove. “
Biden claimed that the plan was open to payment methods, but excluded tax increases for people under $ 400,000 a year. He said the corporate tax rate was previously 35%, but Trump reduced it to 21%. “My suggestion is to meet in the middle: 28%.”
Later asked by a reporter, he said he could accept interest rates of less than 28% as long as the project was funded. “I’m happy to hear that. I’m wide open, but I have to pay for this. We have to pay for this.
“There are many other ways we can do that. But I want to negotiate about it. I’m the best and most rational way to pay for it, my view So I’ve suggested the fairest way, but there are many others, and I’m open. “
However, Wednesday’s Twitter exchange revealed the steep uphill that Biden is facing to work with Republicans. Many Republicans continue to be threatened by Trump.
South Dakota Republican Governor Kristi Noem, answered: “So what is the ISN’T infrastructure?”
Biden is urging Republicans to support the $ 2 trillion infrastructure program.Joe Biden
Source link Biden is urging Republicans to support the $ 2 trillion infrastructure program.Joe Biden