About Us
Mission Statement
Rules of Conduct
 
Name:
Pswd:
Remember Me
Register
 

Investing on Both Sides.
Author: Raine    Date: 04/08/2021 13:04:57

Yesterday, President Biden Spoke about his administration's desire to get the "American Jobs Plan" passed into law. He is open to compromise, but, as he stated emphatically, not to inaction.
The president added that America’s position in the world was incumbent on taking aggressive action on modern infrastructure that serves a computerized age. Otherwise, the county would lose out to China in what he believes is a fundamental test of democracy. Republican lawmakers counter that higher taxes would make the country less competitive globally.

“You think China is waiting around to invest in this digital infrastructure or on research and development? I promise you. They are not waiting. But they’re counting on American democracy, to be too slow, too limited and too divided to keep pace.”

(snip)

His administration on Wednesday was pressing the case for tax increases. Treasury Secretary Janet Yellen said it was “self-defeating” for then-President Donald Trump to assume that cutting the corporate tax rate to 21% from 35% in 2017 would make the economy more competitive and unleash growth. Yellen said that competing on tax rates came at the expense of investing in workers.

“Tax reform is not a zero-sum game,” she told reporters on a call. “Win-win is an overused phrase, but we have a win-win in front of us now.”

Yellen said the tax increases would produce roughly $2.5 trillion in revenues over 15 years, enough to cover the eight years’ worth of infrastructure investments being proposed.
We have not made a major investment in our national infrastructure since the highway system was built. We didn't have what is known as a Sandwich Generation. Telephone land lines were part of our infrastructure, and still are --- although mightily diminished due to the rise of cell and smartphone use.

The pandemic has shone a bright light on many of our nation's inequities, but none more so than this: there are too many people in the country who have no access to broadband. Twenty years ago, that was a luxury. Electricity and running water were once a luxury and they -- like broadband and internet access -- have become needed infrastructure. Here is what the Job Plan wants to achieve:

• Fix highways, rebuild bridges, upgrade ports, airports and transit systems.

• Deliver clean drinking water, a renewed electric grid, and high-speed broadband to all Americans.

• Build, preserve, and retrofit more than two million homes and commercial buildings, modernize our nation’s schools and child care facilities, and upgrade veterans’ hospitals and federal buildings.

• Solidify the infrastructure of our care economy by creating jobs and raising wages and benefits for essential home care workers.

• Revitalize manufacturing, secure U.S. supply chains, invest in R&D, and train Americans for the jobs of the future.

• Create good-quality jobs that pay prevailing wages in safe and healthy workplaces while ensuring workers have a free and fair choice to organize, join a union, and bargain collectively with their employers.
The Democratic party wants to go big on getting our country up-to-speed in so many areas with the rest of the the world. They REALY want to go big. It's an 8-10 year plan, but the message is clear:

The Democrats want to in vest in our country, our home, the place where we live. They want to invest in The Untied States of America for the greater good of its citizens but also for the rest of the world. citizens from all over the political spectrum have given huge support for this plan.

The politicians on the other side of the aisle want to invest as well. They want investment in Wall Street and tax breaks so they and the top 10% can keep on getting richer while the middle and lower class keep getting poorer while they are led to believe that one day they too can be a part of the 10%

The only way that could possible happen is if we pass the American Jobs Plan.

&
Raine
 

14 comments (Latest Comment: 04/08/2021 18:00:31 by livingonli)
   Perma Link

Share This!

Furl it!
Spurl
NewsVine
Reddit
Technorati

Add a Comment

Please login to add a comment...


Comments:

Order comments Newest to Oldest  Refresh Comments

Comment by Raine on 04/08/2021 13:25:16
Good Morning!

Something to look foward to!

Comment by wickedpam on 04/08/2021 13:51:22
Morning

The Dems may want to do all that but we keep hitting the speed bump of Joe Manchin and his willingness to drag us down to WV level. Don't get my wrong WV is a beautiful state, but they can do better for the residents then the scraps they are willing to give them.

Comment by Raine on 04/08/2021 13:56:05
Quote by wickedpam:
Morning

The Dems may want to do all that but we keep hitting the speed bump of Joe Manchin and his willingness to drag us down to WV level. Don't get my wrong WV is a beautiful state, but they can do better for the residents then the scraps they are willing to give them.
I agree with Karl when he's says 'We have to elect more senators' so we can neuter him and Sinema--

Until then, I am all for bringing back earmarks.



Comment by BobR on 04/08/2021 14:12:58
Comment by TriSec on 04/08/2021 14:46:07
Good Morning.

Noting the jobs plan...

I saw a very sad thing out in Marlboro yesterday. It was a lone musician, a violin player, set up in a parking lot of a strip mall.

She had a child in a carriage alongside her, and a sign in front of her noting, "No concerts in a year. Help me pay my bills."

I pretty much emptied my wallet into her till.

Parts of the economy remain utterly devastated and some may never fully come back.



Comment by TriSec on 04/08/2021 14:47:23


Not *quite* my era. (Late 70s - early 80s). But lots of city sights and things there that I do remember.




Comment by Scoopster on 04/08/2021 15:37:27
Mornin' all..

Comment by livingonli on 04/08/2021 15:51:29
A belated good morning.

Comment by Raine on 04/08/2021 15:53:59
Quote by Scoopster:
Mornin' all..

Good morning!

Comment by Raine on 04/08/2021 15:54:18
Quote by livingonli:
A belated good morning.

Good morning!

Comment by TriSec on 04/08/2021 16:29:43
Prince just dropped the title track.





Comment by Raine on 04/08/2021 17:01:03
Quote by TriSec:
Prince just dropped the title track.




NICE!

BTW, Tri did you get fauccied on Tuesday?

Comment by Raine on 04/08/2021 17:26:48
CNN reporting that Joel Greenburg may strike a deal according to his attorney!

Comment by livingonli on 04/08/2021 18:00:31
Quote by Raine:
CNN reporting that Joel Greenburg may strike a deal according to his attorney!

Hope it nails Gaetz to the wall.