This week, Democrats either reach an agreement on Biden’s social and climate agenda or the agenda may shrink into meaninglessness. The climate measures in particular need to be settled before Biden heads to Scotland for the UN climate summit this weekend, so other nations will see our commitment to reduce carbon emissions.
On Sunday, Biden met with key Democrats to work out spending and tax provisions. Yet every senate Republican and at least two senate Democrats continue to assert that Biden’s agenda is too costly.
Too costly? Really? Compare the Biden’s social and climate package’s current compromise tab of $2tn (spread out over the next 10 years) with:The $1.9 trillion Trump Republican tax cut that went mostly to the wealthy and large corporations.
Americans were promised that its benefits would “trickle down” to average workers. They didn’t. Corporations used them to finance more stock buybacks. The wealthy used them to buy more shares of stock (and shares of private-equity and hedge funds).
Read more at:
Is Biden’s entire agenda about to shrink into nothingness? | Robert Reich | The Guardian
No comments:
Post a Comment