President Biden, who has already signed one of the most cost-effective measures in US history to help the country recover from the coronavirus crisis, will seek even more aggressive, long-term action to transform American life during his first address to Congress. Wednesday.
Speaking on national television, Biden’s speech during his first 100 days in office focused on expanding the distribution of vaccines from COVID-19 to slowing down infection and death, and turning to a more ambitious agenda that, if successful, would make his presidency one of the most transformative of generations.
Biden’s remarks are expected to begin on Pacific 6, “epidemic restrictions mean he will speak to a relatively small gathering of less than half of the 435 members of Congress in the House of Representatives, rather than in the ordinary classroom of lawmakers and the Supreme Court.” Judges, government officials, military leaders, diplomats and other guests.
Hours before the speech, Biden told the network’s cable news anchors that his first goals after his inauguration were “to ease the pain, to save lives, to put people in a position where they have reason to believe that they can really come back and earn money.” to provide for their families. ” Now he wants to win what he describes as a global philosophical debate centered on US competition with China over whether democracies can serve their citizens as effectively as widespread autocracies. are found in the world.
“Because if we go ‘four years, as we have had in the last four, I’re truly sincere before God’, I believe we are in real danger as a nation.” Biden said.
During his speech, Biden will present what he calls the “American Family Plan,” a newly released 108-year, $ 1.8 trillion 10-year offer that would raise taxes on the wealthy to expand educational opportunities, provide paid family vacations, and offer tax credits. : reduce the cost of childcare. Low- and middle-income families will be eligible to enroll in two years of pre-school and two years of community college at no cost.
To pay for the bids, Biden wants to end a favorable stock tax on equity income for people earning at least $ 1 million a year by repealing former President Trump’s lower income tax rate by restoring it. From 39% to 37%.
The sweeping initiative comes after the administration called it the “American Works Plan” – an even more expensive array of proposals to repair roads, bridge bridges, expand broadband Internet access, replace lead pipes, and invest in nursing care programs. The total cost over eight years is more than $ 2.25 trillion և It will be financed mainly by raising the corporate tax rate, partly reversing the cut in Trump’s Republican-controlled Congress in 2017.
Biden, a friendly acquaintance who has proven to be an effective frontrunner for progressive politics, has already signed into law a $ 1.9 trillion COVID-19 aid program, expanding unemployment benefits, providing $ 1,400 in payments to many Americans, and funding the nationwide : Vaccination campaign. Together with the two long-term packages, Biden plans to spend about $ 6 trillion on tax credits to invest in the country’s human and capital resources.
In his speech, Biden is likely to combine the prospective explanation of such huge investments – the progress made during the first months of his tenure – against the epidemic – unemployment.
The United States has vaccinated a larger percentage of its population than any other country. Nearly 43% of Americans have received at least one dose, and 29% are considered fully vaccinated, according to the Centers for Disease Control and Prevention. On Tuesday, Biden announced the “shocking progress” he has made since taking office, with public health officials saying that fully vaccinated Americans no longer need to wear masks outdoors as long as they are not in the crowd.
Although no Republicans supported Biden’s coronavirus package, the party failed to significantly oppose the legislation or reduce its popularity. According to a recent poll, about seven out of ten Americans approve of the overall development of the Biden epidemic.
However, Biden’s latest ideas are already hotly debated on Capitol Hill, where Republicans are blowing them up as a list of extravagant liberals, and some Democrats are demanding more spending on social services.
Senate-on-Thun (RS.D.), the second-highest-ranking Republican in the Senate, described Biden’s program as “hard-line.”
“This is a transformation strategy. They see it as a one-time opportunity in life, several times according to the lines we have seen in the history of our country, where the Democrats are gaining power. They really want to build a government,” he said. he:
At the same time, Democrats in the House of Representatives have released a series of proposals that go beyond Biden’s plan, such as making the extended child tax credit permanent. Biden’s proposal will extend the loan until 2025.
Passage of any of this legislation is likely to require unanimous democratic support, as the party has a slim majority in the House and Senate.
Although Republicans in Congress last week proposed a tougher infrastructure package that shows there is a possibility of a bipartisan compromise to rebuild roads, bridges, railroads and airports, the White House is unlikely to gain bipartisan support for its large investment in staff. families: That leaves Congress with a so-called reconciliation process that allows the Senate to avoid threatening to pass a budget as Biden’s latest plan is the Democrats’ best blow.
This story originally appeared in the Los Angeles Times.