Monday, January 18, 2021

Biden plan

Some of the Biden high lights. Buy American which includes spending $400 billion on wind and solar to combat climate change. Means getting rare earths somewhere in American and paying higher prices for blades than those made in China. Start sending money to the World Health Organization (WHO) but not rejoining. Rejoin the Iran nuke deal with the first step of removing the sanctions. Dial back Trumps import taxes on China. Keep fracking but ban drilling on public land. Offer citizenship to illegals. Roll back the Trump tax cuts and increase taxes on the rich. This will increase taxes on middle income but most of the increase will be on the top one percent. Forgive student debt for low income families. Lower Medicare age to 60. Will continue the Trump agenda on the virus but do more and faster. End travel restrictions on certain countries. Five step plan to open schools. Raise corporate tax rates to 28% and the top individual rate to 39.6%. Raise minimum wage to $15 and repeal right to work laws. Provide healthcare to all within ten years. $2 trillion in stimulus to various groups including $1,400 to individuals and $400 per week additional unemployment. Increasing the child tax credit from $2,000 to $3,600.

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