Far left democrats demand that the president increase the spending up to $10 trillion instead of the claimed $2 trillion signed by President Joe Biden.
Alexandria Ocasio-Cortez, also known as AOC, puts context as to how much the administration should be spending not only for its economy, but for the nation to not plummet like it did once COVID19 began. Spreading out $2.25 trillion to an entire nation will not support the country in the next ten years, the COVID package for this year *alone* was $1.9 trillion, accommodating for time will need the bill to be racked up to at least $10 trillion.
Senator Ed Markey also proposed the Green New Deal which includes the proposal of being progressive towards the climate changes that have been happening over the years.point 249 |
To include this proposal would have to include more money involved, and the Senator is implementing to use stuff such as a carbon-free electric grid, and for the economy to have “real full employment” in order to “reshape our society” through government jobs.point 241 | 1
This upcoming Wednesday, Biden’s administration’s $4 trillion package will include improving the roads and bridges, progressive climate initiatives, and human infrastructure. At least $2 trillion of the bill will help the economy rise from its negative impact of the pandemic.
The bill also adds a tax hike for those that are above the $400,000 salary bracket and more.
The president believes that “there’s more to be done to make the corporate tax code fair – to reward work, not wealth.” says Secretary Jen Psaki.
If the tax hike is passed, then it would be the largest tax increase since 1993. Psaki also adds on, “If Republicans have alternative ways to pay for it, we’re certainly open to hearing that. They don’t think they should pay for it? We’re open to hearing that, too. What we’re focused on is we have to invest in our infrastructure.”
Republicans are fearing that the tax increase will not evolve in economic progress, only unfolding what they had already worked on the past years because the stock market was at an all time low when the pandemic hit.
A Republican claimed that the tax hikes would bring a halt to their recovery, causing another fallout to affect everyone across America.
Biden still plans on revealing his infrastructure, social welfare, and job plan this upcoming Wednesday.
AOC believes that it still “needs to be way bigger,” concluding her approximations.