The president responded to criticism of proposed tax hikes, saying he would not increase the burden on anyone making more than $400,000 per year. He said he did not aim to punish the wealthy.
The administration hopes to build or rehabilitate 500,000 homes for low- and middle-income Americans and replace all lead pipes in drinking-water systems. The plan also aims to deliver universal, affordable broadband service. The administration also wants to boost the global minimum tax for multinational corporations and ensure they pay at least 21% in taxes in any country. The White House aims to discourage firms from listing tax havens as their address and writing off expenses related to offshoring, among other reforms.
Biden has said he hopes to win Republican support for an infrastructure bill. If Democrats cannot get 10 GOP senators on board, they will have to try to pass the bill through budget reconciliation, which would not require any Republicans to back the plan in a chamber split 50-50 by party."We'll have a good-faith negotiation with any Republican who wants to help get this done," Biden said Wednesday. "But we have to get it done.
Speaking to reporters on Tuesday night, an administration official did not say whether Biden would seek to pass the plan with bipartisan support.
The Republicans know that your stuff is actually it's your plan is what needs to be done they just don't want to give up the dough silly on them they cannot take it with them. Nothing off of suggestions if they don't want to do agree then they need to come up with alternative
Going to need funding to print more money lol This is how you collapse the USD....Almost 10 trillion since covid started..
does he think that money grows from trees or something? lmao
This will add so many jobs
Where in the Hell is all of this money coming from
reddit WSBgod RobinHoodNYC wallstreetbets redditinvestors
Why not take the taxes we already pay and just Ya know Reallocate them
Are you serious!?! Whiskey tango foxtrot get this man out of office before we all end up dead!
In California when the government builds infrastructures it takes 5x as long and costs 100x more money than a private business handling it. A bathroom built by the government will cost $5 million and take 2 years to build. Private, $100,000 and 2 months.
Look at this glassy eyed old fool!👎🇺🇸
'Two helicopters are reported to have arrived in a village in Tigray, with senior Eritrea|n and Ethiopia|n officers. Seven foreigners [appear to be military experts], said to be European|s, rather than Arabs, are reported to be with them.'
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Pump my bags
a treat
Smart: more jobs + better infrastructure.
President Max Headroom.. I mean Biden... Our first CGI president.
Still no student loan help for the middle class ☹️
I like the 2 trillion deal plus the 50 billion in support chip industry. I hope they pass another stimulus check for 2k per person. The economy would be on a blast
Joe your potholes are bigger than your infrastructure
It’s time to buy Bitcoin btc $BTC 🎉🚀
Step 1: buy Bitcoin
TraitorJoe is spending America into oblivion!!! DemocratsAreDestroyingAmerica
Zigmanfreud God Shine your face upon Biden and shower his soul with your blood
What about the whites? Are they going to be able to succeed too?
Feels like people will look back on this moment and say 'this is the moment the Government propelled Crypto and inflation hedge assets to the freaking moon!' Thanks Joe!
Foolish old white guy! Poor old joe.
Go BIGGER, BOLDER and FASTER JoeBiden!
make fiber optic infrastructures in pittsburgh!
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Love hearing the positive response. VoteBlue2022
Our government has over 28 Trillion in debt. What’s another 2 Trillion. God help our children who will get stuck with the previous generations poor choices. Both parties spending is out of control.
$35B to design non-tripping stairs
Trump will be back :)
Idk, he sure is putting out a lot of things that are meant for Congress. Unsure why he didn’t run as a Senator
Bye jobs. Nice while it lasted! 🇺🇸
A Great Start & ONLY The Beginning. I See Democrats Fortifying Congress & More Infrastructure Bills/Specific Climate Legislation Coming With a Wall Street Transaction Tax Being Passed as a Great Way To Pay For The Costs. AOC RepAOC MaddowBlog maddow CSPANwj JoeSquawk
Putting lipstick on a pig. If it costs $1 trillion to move train system to 21st century like proper civilised nations (from L.A. To San Francisco) how much will $2 trillion do? Simple arithmetic. 😉🤣
Thats just fancy for giving themselves more money
what about studentloans?
just like with Obamas infrastructure plan, less than 20% will actually go to infrastructure
Why does everyone have a plan. How bout just leave shit alone for awhile. Thats a plan.
And Republicans will fight against it until they can find a way to take credit for it.
A wheelbarrow full of money to buy a loaf of bread is not living.
Sure but in 50 years the earth will be dead
Old
4 trillion dollars spent in less than 6 months
Great! We need help in SC. Yesterday, a 4’ x4’ chunk of concrete fell out of a bridge leaving a huge hole. ( just as an example).
Raising corporate taxes would be more effective if the big ones actually paid taxes
This is how to Make America Great Again, not the other one.
Republicans are mad because trump had infrastructure week once a month lmao!! Like his healthcare plan NO ACTION POTUS Biden is finally fixing America and investing in working class not the rich trumps 2017 tax cut cost us about 2 tril in debt 28% Corp tax rate pays for this
We have to start building America, America’s Billionaires need toquit being so greedy and join in...
*translation Corrupt politicians will hand out multi million dollar contract to their buddies and get a % under the table. This is latin american govt 101
I missed it, what did his teleprompter say?
Joe Biden was happy when he walked in on Hunter and his friends vaccinating each other.
GO BIGGER!!!
Bruh. 35%. Come on. High speed rail. Forward thinking. This is a pig with lipstick.
President Biden going down the checklist like a boss!!!!
The crooked politicians will make sure their lazy relatives get rich with this money. Right Hunter?
*see’s link but casually skims thru the comments to find one that supports my personal bias* Ayo Biden where’s my money?!?
CUT POLITICIANS SALARIES.
If we don’t start rebuilding the infrastructure now it’s going to crumble shortly
This is stupid. Everyone knows taxing the rich is the wrong way to do things. No 'infrastructure' will be built, and our markets will suffer as a result. Typical politician handing out money to his inner circle.
WTF Where is all this money coming from?
Are we gonna ignore $3 gas?
I’ll Take Infrastructure Anyday Over A Wall Mr. Trump Gorbachev !
This plan makes me want to dance and weep for joy 🤩!
And like the covid package that had nothing to do with covid. How much is going to be wasted on a democrat shopping spree for pet projects or to give their buddies a fat paycheck?
Wow a president with ideas
The US Dollar is going to be absolutely worthless by the end of the Harris Administration.
Clown show!
These people are insane, CCP thinks this hilarious
Thanks POTUS. Great proposal. I hope that includes money for Amtrack tunnels in the New York metro connecting NYC to DC & Boston. Long overdue.
More practically, Mr. Biden needs to lower gasoline prices...
auditthegastax Does this bill get rid of the gas tax because the gas tax is supposed to pay for infrastructure so does this bill mean no more gas tax because it should
Joe is MAGA!
OH OH NO BIDENS GONNA TAKE OUR JOBS AWAY 🤡🤡🤡🤡🤡🤡🤡
No nO NO
BIDEN REVEALS PLAN TO DESTROY AMERICA BY HYPERINFLATION, OVERPOPULATION, EXTREME PERMANENT COVID RESTRICTIONS AND THEN A FAMINE...ALL PLANNED
So it looks like Buttigieg is the boss’s favorite.
Nice. Plus more contracts for Microsoft and more h1bs. 😉
Great more debt for America and accomplish nothing
In 50 years we will try to look back at this moment, but looking back will have been outlawed.
So am I the only one concerned that it's seeming like he's planning on spending an exorbitant amount of money? We've already spent an absurd yet necessary amount on these stimulus bills. Maybe chill the hell out for a bit
Awesomeness
So basically a few roads will be fixed and the rest will go to paying off the politicians. There’s not even a high speed rail provision in it or anything for green energy.
hi does anyone here have 30 dollars
Now we’re just throwing money in a paper shredder.
Slo Biden is slurring quite a bit.
Thx you for keeping Jpow busy printing Biden Bucks.
Biden is basically doing what Trump was doing w infrastructure.
Going to spend 3 trillion to make 1 trillion lol now that’s what I call Democrat math sleepy joe
President Biden, I'm on SSI. I still haven't received my $1400.00 stimulus check yet. I just read something saying all checks are done. I usually get mine sent to my bank account but nothing. Please help me. Desperately need this money.
JoeBiden TaxingWealthyAccordingToIncome will pay to RebuuldInfrastructureCiastToCoast subsidize Medicare4All & StateCollege4All via UniversalBasicIncome scottsantens SenSanders AndrewYang SenWarren TheDemocrats RBReich ✌️😷
In 50 years, they’re gonna look back and say this was the moment America Bankrupted the future Biden porkbarrel infrastructure TaxIncrease
Trump's so-called ' It's infrastructure week' was a big joke.
Let me guess. Shovel ready jobs again?
I want Joe to twerk his wrinkly cake for me 🍑
We don't need anymore infrastructure, we need to fix the shit we have now. POliticians like to cut ribbons, but they hate pushing brooms
More wasteful spending
So now more jobs lost at the corporate level and we’ll pay higher taxes because these corporations don’t pay the tax. It gets passed down to the mutant, schlub peons we are! Ridiculous. On and on and on with liberal 💩!
'Federal Infrastructure Plan.' Another term for money shit down a hole that will never be paid back.
BuildBackWorse DemocratsAreDestroyingAmerica
Hmmm. Well other portions of his party have plans of NO PEACE if Chauvin gets off. We all know what no peace by the voice of the unheard means.
Finally a solid plan benefiting working, middle class Americans! This is actually better than I thought it would be. Nice job, Joe! 🇺🇲
Biden will go down in history as the President who ushered in America’s demise!
How much is he sending to Portland to replace the windows daily in the downtown?
Pres. Biden has become, Comfortably Numb!
Anyone can be the president of the United States just you have to sign everything and it’s ok
How about we cut foreign aid, and look into government programs that could be cut ( do to have multiples of the same program) .
just make the infrastructure out of Styrofoam and plastic from waste around the world Americans are too stupid to say anything against their elected Political Monarchy
Bird brain 🥴
Democrats only know how to take your money.
So, I'll work 40 clear 10
Affordable housing would be greatly appreciated before building unneeded bridges...
I volunteer biden to handle that cost
Just like Hitler did. All he needs is a stupid little mustache. Hell is coming.
Go, POTUS, go! Build back better!
I wonder if a stair lift is in the budget
What a joke
Huge Eisenhower moment
Biden said 'No one making less than $400k/yr will have their taxes raised.' That's a bold face lie and I'm not sure why no one is pointing it out. He's raising the corporate tax rate. So everyone that has an S-Corp that makes less than $400k/yr taxes ARE GOING UP!
Free enterprise exchange or free commodity order
So which two bridges will be replaced?
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