Friday, 16 April, 2021

Biden defends raising taxes to pay for infrastructure plan

President Joe Biden speaks about the March jobs report in the State Dining Room of the White House Friday Joe Biden speaks about the March jobs report in the State Dining Room of the White House Friday
Cecil Davis | 03 April, 2021, 12:26

"Economy can be reversed; infrastructure plan needed to build back better for good". During a press appearance Friday, Biden touted the March jobs report and the falling unemployment rate. "It means the first two months of our administration has seen more new jobs created than in the first two months in any administration in history", Biden said in his address to the nation.

U.S. Rep. Glenn Thompson, R-Howard, whose sprawling 15th Congressional District includes Centre County, was also less than enthusiastic about the plan.

After a slow start, the USA vaccination campaign has gathered pace since late January and Biden has promised that 90 percent of America's adults will eligible for a vaccine by April 19.

Biden gave credit for the encouraging figures to his $1.9 trillion American Rescue Plan, the third major relief bill passed by Congress to help consumers and businesses after the Covid-19 crisis caused a massive economic downturn.

"American rescue plan is starting to make a real difference in the economy".

McConnell pledges battle over Biden infrastructure plan
He has proposed financing the spending with a corporate tax increase to 28%, from the current 21%. Usually, 60 votes are required to pass any legislation into final law.

The Democrat president condemned critics of his plans, suggesting that the GOP should not stand in the way of projects whereby hospitals receive investment or the water systems in American cities are fixed, omitting the fact that the Republicans only oppose the means of paying for these changes.

'Raising taxes will not slow the economy at all, ' Biden told reporters.

So far, the Republicans have so been the main critics of the plan to boost corporation tax from 21 percent to 28 percent. "Let's call this proposal what it really is - an attempt to push through liberal priorities like the Green New Deal, paid for by historic tax increases on hardworking Americans", the lawmaker said.

Joe Biden defended raising taxes in order to pay for his high-priced infrastructure package. If the Republicans decide that we need it but they're not going to pay for it, it's just going to increase the deficit, ' Biden began. He also said he will talk to Republicans to hear their perspective, and political "divisions" shouldn't stop the government from "doing the right thing for the future". The same could not be said for lower-wage, less-educated workers, who feared for their ability to hold onto a job. "We've got a little bit more time here to work and have discussions with members of both parties".