Biden announces tax cut that will benefit 50 million Americans
US President Joe Biden on Thursday defended his socio-economic plan to support the middle class and, by extension, to fight poverty. The Democratic president has assured that he will lower taxes for the most disadvantaged classes, a measure that can benefit some 50 million Americans, and will increase them for citizens with higher incomes. The tax reform proposal had already been put forward by the White House, as a means of financing the colossal infrastructure and social coverage plans which constitute the heart of its mandate. But the Republican opposition and the moderate Democrats’ rejection of a social plan with a planned investment of $ 3.5 billion pushed the president to get personally involved in the struggle, still nascent in Congress, to endorse the proposal. The $ 1.2 trillion physical infrastructure plan received bipartisan support last June, but a number of doubts and fears surround the treatment of the social program.
In a White House speech, Biden announced “a historic tax cut for the middle class” – which he still defines as the backbone of the country – while assuring that big corporations and the wealthiest will have to start. to pay “your fair share of taxes”, reversing the tax cut adopted under Donald Trump’s mandate. It is therefore, as the White House had put forward this Thursday in a press release, to “establish the rules of the game [econÃ³micas] fairer so that the middle class, the backbone of our country, can finally breathe.
“Over the past forty years,” said Biden, “the rich have gotten richer and big business has lost a sense of social responsibility.” “Ordinary and working Americans have simply been cast aside,” he said, defending his agenda as something that “could change the course of the United States for years to come, maybe even decades.” .
Biden wants to focus on his domestic agenda, which will theoretically define his tenure, to forget the resentments of the hasty withdrawal from Afghanistan. And to silence, this Thursday, the noise caused by the unexpected announcement, the day before, of a strategic alliance in the Pacific with the United Kingdom and Australia. In a brief speech, Biden defended his social view of the economy and was confident that Congress would give the green light to the massive package of measures that extend social coverage in everything from early childhood education to life. care for minors or dependents, under the Medicare and Medicaid social security programs. âI know we still have a long way to go, but I hope Congress sends me the infrastructure plan soon. [con apoyo] bipartisan and the Rebuild Better plan that I proposed, âBiden said, using the official name of the social security program.
The president is scheduled to hold talks with House of Representatives Nancy Pelosi and Senate leaders Chuck Schumer on Thursday about the legislative agenda. The day before, he met separately with two Democratic senators, from the more moderate faction of the party. The two centrists oppose the disbursement of 3.5 trillion dollars for fear of the impact on the deficit of public spending or refusal of an increase in taxes on the highest incomes, exactly what announced the Democratic president this Thursday.
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