New York (CNN Business) – President Joe Biden took up his position in the middle school. During his campaign, he made big promises to restore the economy and accelerate the recovery from the pandemic.
These are some of the policies that plan to institute in order for workers to work hard, increase employment, increase racial equity and increase taxes, with the aim of restoring the economy.
Response to covid-19
Biden’s plan for the Day One of its administration, as detailed in the campaign’s web site, has the objective of controlling the covid-19 crisis. Please duplicate the number of test drive sites in all countries, invest in trial hogar and sign up to at least 100,000 stadiums to build the contact list. It would also like to invest US $ 25,000 million in the manufacture and distribution of vacancies, with the aim of delivering a vacancy to all stadiums at no cost.
The plan also implies allocating funds to state and local governors so that they can avoid pre-emptive and childish deficits in Congress that help schools with resources for covid-19 and cover part of the costs associated with covidñ-19.
Desigualdad
Biden says it will not increase taxes on people who pay less than US $ 400,000 a year. Pero plana aumentar los ingresos de las siguientes manneras:
- Increase the maximum tax rate on interest rates by 39.6%, as established during the administration of President Barack Obama, by 37% werklike
- Increase corporate tax rate from 21% to 28%
- Investigate the company estimates that pay a minimum of 21% on foreign entrants
- Establish a fiscal sanction on companies that work in foreign countries to continue selling products to the United States
- Study a tax rate of 15% on accountable accounts of companies
- Someone who spends more than US $ 1 million per year must pay taxes to the taxpayer for the inversion rates, which are included in his salaries
Biden also said that it would like to expand the tax credit for children to help working families during the pandemic for the US $ 3,000 per year per year between the 6th and 17th editions, and US $ 3,600 per month less than 6 years. Plan to increase access to reimbursable tax credits for health benefits, haast US $ 8,000 analysts in tax credits to help pay off child support.
A study from the Wharton School of the University of Pennsylvania projects that the Biden tax plan will increase the enrollment between $ 2.3 and $ 2.6 billion over the next 10 years with a small impact on GDP.
Jobs
Biden plan creates “at least 5 million” of new manufacturing jobs. The quality of the US $ 400,000 million and the inversions of the advice, processes such as cadinas de suministro, the impulse to demand products and services, and US $ 300,000 million and the research and development and technology, including artificial intelligence and 5G .
El salario minimo federal, which is current from the US $ 7.25,’s increase is a por lo menu US $ 15 la hora.
As part of its staffing plan, Biden also wants to invest US $ 70,000 million in colleges and universities historically blacks and tribal schools, a medium that includes a series of initiatives that include wells and new installations.
Due to the limp energy, its administration buys miles of millions of dollars in vehicles and limp products and demands on lands that have no means with the medium ambience that pay a carbon tax.
Other priorities in Biden’s plans promote race equality. Although state and local inversion initiatives are funded for black and white businesses, as well as those that have a share of US $ 100,000 million, commercial businesses are very interested in the black communities and local government and local programs.
Student students
Biden is credited with immediately canceling US $ 10,000 of federal student fees from each student as part of the aid response to the pandemic. Look at the US $ 10,000 additional student loan benefits per year of community service made by up to five years, according to Biden’s plan. It would also like to duplicate the maximum amount of money Pell and increase the number of students that can accede to the financial aid, reducing the number of student student fees paid.
For those who have historically assisted black universities or institutions that serve minors and have up to US $ 125,000, all teachers must pay their debts, according to Biden, and the free school programs for students with a total of 125 children.
Additional proposals
Biden also plans to adopt Elizabeth Warren’s reform proposal, which will facilitate the implementation of this policy and allow those who are declared bankrupt to reserve funds for the care of children and articles such as jugets and books.
It would also like to increase the protection rights of workers and facilitate that workers are unionized if employees are obliged to participate in mandatory meetings or to facilitate negotiations.
Biden is looking to eliminate the private money from federal elections pending constitutional action, according to its website, which requires candidates to be dependent solely on public money for their campaigns. It is also important to note that foreign citizens should be involved in the election elections and create greater transparency in the electoral process, in order to require an announcement on Facebook to reveal women donated in the campaigns.
An El frente de la infraestructura, Biden, presents a $ 1.3 billion plan for 10 years and a hacer who markets the media workers, sean más competitivos a escala global, empujar and Estados Unidos and adoptar more process of the energy limpia y hacer crecer la economía.
As soon as these revisions are met, Biden wants to return Trump’s tax records to compensate some of the plan’s costs.