President Biden’s administration has proposed a big, bold, green plan to repair, rebuild & create a 21st-century infrastructure worthy of us all. It’s the biggest ‘blue-collar’ job plan in decades. Engineers, construction workers, linemen, service people of all kinds will be put to work to accomplish this bold initiative. Its’s a blueprint for increasing economic opportunities, and for restoring our nation to its leadership position. The U.S. has led the world, but we’ve fallen behind. Previously we invested 2.7 percent of our GDP in infrastructure; in the last 2 decades we’ve decreased that to a pitiful .7 percent GDP. Our roads, and especially our bridges, have fallen into serious disrepair, and the dangerous problem of lead poisoning in America, from drinking contaminated water from deteriorating lead pipes is unacceptable! We need clean drinking water in homes & schools. America deserves better, as do our veterans, many waiting far too long for appointments; we need to modernize veteran’s medical-facilities. Suicides among our military ranks are increasingly high.
Airports, mass transit, high-speed rail, extended internet, a hack-resistant electric grid that won’t crash under severe storms, are all necessary upgrades we can produce. Imagine being able to travel by high-speed rail across our nation, as some other nations have employed. America can have that too. Biden has a plan to raise $2.5 trillion in revenue over 15 years, by overhauling the corporate tax-code, eliminating tax-loopholes, increasing IRS enforcement, no longer allowing big corporations to shelter their tax-profits overseas. Biden’s plan would raise the corporate tax-rate to 28 percent (from 21 percent), which is lower than it was previous to the 2017 Trump tax-cuts, when the rate was 35 percent. Treasury Secretary, Janet L. Yellen stated, “the plan would end a global ‘race to the bottom’ of corporate taxation that has been destructive for the American economy and its workers. Our tax revenues are already at their lowest level in generations, and if they continue to drop lower, we will have less money to invest in roads, bridges, broadband, and Research & Development.”
Corporations & businesses use all forms of our infrastructure to produce & distribute their products & services; they use our highways & byways, our rail & digital-systems, and we are among their customers, making their businesses economically successful. Millionaires & billionaires proliferate. I believe the corporate tax-rate should be raised to at least 30 percent. President Biden has stated, “there would be no tax increases for persons making less than $400,000 a year”. Support the American Job Plan! Build Back Better!
Trish Forsyth Voss
Apr 12 2021
America’s Job Plan
President Biden’s administration has proposed a big, bold, green plan to repair, rebuild & create a 21st-century infrastructure worthy of us all. It’s the biggest ‘blue-collar’ job plan in decades. Engineers, construction workers, linemen, service people of all kinds will be put to work to accomplish this bold initiative. Its’s a blueprint for increasing economic opportunities, and for restoring our nation to its leadership position. The U.S. has led the world, but we’ve fallen behind. Previously we invested 2.7 percent of our GDP in infrastructure; in the last 2 decades we’ve decreased that to a pitiful .7 percent GDP. Our roads, and especially our bridges, have fallen into serious disrepair, and the dangerous problem of lead poisoning in America, from drinking contaminated water from deteriorating lead pipes is unacceptable! We need clean drinking water in homes & schools. America deserves better, as do our veterans, many waiting far too long for appointments; we need to modernize veteran’s medical-facilities. Suicides among our military ranks are increasingly high.
Airports, mass transit, high-speed rail, extended internet, a hack-resistant electric grid that won’t crash under severe storms, are all necessary upgrades we can produce. Imagine being able to travel by high-speed rail across our nation, as some other nations have employed. America can have that too. Biden has a plan to raise $2.5 trillion in revenue over 15 years, by overhauling the corporate tax-code, eliminating tax-loopholes, increasing IRS enforcement, no longer allowing big corporations to shelter their tax-profits overseas. Biden’s plan would raise the corporate tax-rate to 28 percent (from 21 percent), which is lower than it was previous to the 2017 Trump tax-cuts, when the rate was 35 percent. Treasury Secretary, Janet L. Yellen stated, “the plan would end a global ‘race to the bottom’ of corporate taxation that has been destructive for the American economy and its workers. Our tax revenues are already at their lowest level in generations, and if they continue to drop lower, we will have less money to invest in roads, bridges, broadband, and Research & Development.”
Corporations & businesses use all forms of our infrastructure to produce & distribute their products & services; they use our highways & byways, our rail & digital-systems, and we are among their customers, making their businesses economically successful. Millionaires & billionaires proliferate. I believe the corporate tax-rate should be raised to at least 30 percent. President Biden has stated, “there would be no tax increases for persons making less than $400,000 a year”. Support the American Job Plan! Build Back Better!
Trish Forsyth Voss
By spiritspeak • Uncategorized 0