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    Janet Yellen calls for global minimum corporate tax rate

    The treasury secretary, Janet Yellen, made the case for a global minimum corporate tax rate on Monday as the Biden administration faces opposition to its plans to raise rates on US businesses.Yellen’s comments come as Republicans and some Democrats have pushed back on Joe Biden’s proposed $2.3tn infrastructure investment bill. The bill would be funded in part by raising rates on US business and closing loopholes that allow domestic and foreign corporations to take advantage of lower taxes overseas.“Competitiveness is about more than how US-headquartered companies fare against other companies in global merger and acquisition bids,” Yellen said in remarks to the Chicago Council on Global Affairs. “It is about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.”The Organization for Economic Cooperation and Development (OECD) has been working on a new set of cross-border tax rules that would include a global minimum tax rate for multinational corporations.Yellen’s comments are a marked departure from the isolationism exhibited under the Trump administration and the treasury secretary underlined the need for international cooperation.“Over the last four years, we have seen first-hand what happens when America steps back from the global stage,” Yellen said. “‘America first’ must never mean ‘America alone’.”Biden’s plans would reverse some of Trump’s landmark tax cuts, increasing the corporate tax rate to 28% from 21% and increasing the minimum taxes paid on US companies’ foreign income while making it harder for foreign-owned companies with US operations to shift profits to low-tax countries.“President Biden’s proposals announced last week call for bold domestic action, including to raise the US minimum tax rate, and renewed international engagement, recognizing that it is important to work with other countries to end the pressures of tax competition and corporate tax base erosion,” Yellen said. “We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom.” More

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    Don't expect Biden to trumpet lofty aims for his rescue plans – he's simply Mr Fix-it | Robert Reich

    Joe Biden is embarking on the biggest government initiative in more than a half-century, “unlike anything we have seen or done since we built the interstate highway system and the space race decades go”, he says.But when it comes to details, it sounds as boring as fixing the plumbing.“Under the American Jobs Plan, 100% of our nation’s lead pipes and service lines will be replaced – so every child in America can turn on the faucet or fountain and drink clean water,” the president tweeted.Can you imagine Donald Trump tweeting about repairing lead pipes?Biden is excited about rebuilding America’s “infrastructure”, a word he uses constantly although it could be the dullest term in all of public policy.The old unwritten rule was that if a president wants to do something really big, he has to justify it as critical to national defense or else summon the nation’s conscience.Dwight Eisenhower’s National Interstate and Defense Highway Act was designed to “permit quick evacuation of target areas” in case of nuclear attack and get munitions quickly from city to city. Of course, in subsequent years it proved indispensable to America’s economic growth.America’s huge investment in higher education in the late 1950s was spurred by the Soviets’ Sputnik satellite. The official purpose of the National Defense Education Act was to “insure trained manpower of sufficient quality and quantity to meet the national defense needs of the United States”.John F Kennedy launched the race to the moon in 1962 so that space wouldn’t be “governed by a hostile flag of conquest”.Two years later, Lyndon Johnson’s “unconditional war on poverty” drew on the conscience of America reeling from Kennedy’s assassination.But Biden is not arousing the nation against a foreign power – not even China figures prominently as a foil – nor is he basing his plans on lofty appeals to national greatness or public morality.“I got elected to solve problems,” he says, simply. He’s Mr Fix-it.The first of these problems was a pandemic that has killed hundreds of thousands of Americans – Biden carries a card in his pocket with the exact number – and its ensuing economic hardship.In response, Congress passed Biden’s $1.9tn American Rescue Plan – the most important parts of which aren’t $1,400 checks now being mailed to millions of Americans but $3,600 checks a child paid to low-income families, which will cut child poverty by half.Now comes his $2tn American Jobs Plan, which doesn’t just fund roads and bridges but a vast number of things the nation has neglected for years: schools, affordable housing, in-home care, access to broadband, basic research, renewable energy and the transition to a non-fossil economy.Why isn’t Biden trumpeting these initiatives for what they are – huge public investments in the environment, the working-class and poor – instead of rescue checks and road repairs? Why not stir America with a vision of what the nation can be if it exchanges fraudulent trickle-down economics for genuine bottom-up innovation and growth?Even the official titles of his initiatives – Rescue Plan, Jobs Plan and soon-to-be-unveiled Family Plan – are anodyne, like plumbing blueprints.The reason is that Biden wants Americans to feel confident he’s taking care of the biggest problems but doesn’t want to create much of a stir. The country is so bitterly and angrily divided that any stir is likely to stir up vitriol.Talk too much about combating climate change and lose everyone whose livelihood depends on fossil fuels or who doesn’t regard climate change as an existential threat. Focus on cutting child poverty and lose everyone who thinks welfare causes dependency. Talk too much about critical technologies and lose those who think the government shouldn’t be picking winners.[embedded content]Rescue checks and road repairs may be boring but they’re hugely popular. Sixty-one per cent of Americans support the American Rescue Plan, including 59% of Republicans. More than 80% support increased funding for highway construction, bridge repair and expanded access to broadband.Biden has made it all so bland that congressional Republicans and their business backers have nothing to criticize except his proposal to pay for the repairs by raising taxes on corporations, which most Americans support.This is smart politics. Biden is embarking on a huge and long-overdue repair job on the physical and human underpinnings of the nation while managing to keep most of a bitterly divided country with him. It may not be seen as glamorous work, but when you’re knee-deep in muck, it’s hard to argue with a plumber. More

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    US Capitol: police officer and suspect dead after vehicle rams barrier – live

    Key events

    Show

    5.07pm EDT
    17:07

    Biden orders White House flags at half staff

    5.01pm EDT
    17:01

    Today so far

    4.41pm EDT
    16:41

    Major League Baseball pulls All-Star Game from Georgia over voting law

    4.26pm EDT
    16:26

    Pelosi mourns killed USCP officer as ‘a martyr for our democracy’

    4.20pm EDT
    16:20

    USCP identifies killed officer as William ‘Billy’ Evans

    3.20pm EDT
    15:20

    USCP lifts Capitol lockdown after car attack

    2.53pm EDT
    14:53

    Police: ‘It does not appear to be terrorism related’

    Live feed

    Show

    5.49pm EDT
    17:49

    Alejandro Mayorkas, the secretary of the homeland security, has released a statement in response to the attack at the Capitol this afternoon.
    “My thoughts and prayers go out to the family, friends, and colleagues of the U.S. Capitol Police Officer who lost his life today protecting the very symbol of our democracy,” Mayorkas said.
    “There is still much to be determined about this attack and DHS offers its full support to Capitol Police and DC Mayor Bowser.”
    USCP has identified the officer killed in the attack as William “Billy” Evans, an 18-year veteran of the force.

    5.44pm EDT
    17:44

    After two deadly attacks on the US Capitol mere months apart, questions are being raised about whether security measures, which were enhanced after Jan. 6, are extensive enough, Vox reports.
    A review of the security released last month found that the Capitol Police are “understaffed, insufficiently equipped, and inadequately trained” to defend the nation’s seat of government from future attacks.
    In a 15-page draft report, commissioned by House Speaker Nancy Pelosi, retired Army Lt. Gen Russel Honoré called for adding 854 officers, including 424 to specialize in intelligence, dignitary protection, and operational planning.
    He also recommended additional fencing, specifically barriers that are “easily erected and deconstructed.”

    Scott Taylor 7 News I-Team
    (@ScottTaylorTV)
    More of my interview with former @FBI agent Brad Garrett about today’s attack at the U.S. Capitol. @BradInvestigate tells me the current threat is too high not to add more security at the Capitol. @7NewsDC pic.twitter.com/xQSQFoW56n

    April 2, 2021

    Roughly 4-miles of 7-foot-high “non-scalable” metal fencing was set up around the Capitol complex following the Jan. 6 riot but it was taken down in March, according to Vox.
    Rep. Tim Ryan told reporters today that new permanent additions to security are being considered by lawmakers. “We’ll be reviewing everything, at this point, including the fencing,” he said, emphasizing that there are still many unknowns about today’s incident
    “We can’t get too far ahead of ourselves without knowing that we have the ability to protect the Capitol, to harden the Capitol,” he added.

    5.07pm EDT
    17:07

    Biden orders White House flags at half staff

    Gabrielle Canon here, signing in from the west coast to take you through the Friday afternoon news.
    President Biden has issued a statement on today’s violent attack at the US Capitol that resulted in the death of Officer William Evens and left another US Capitol police officer injured.
    “We know what a difficult time this has been for the Capitol, everyone who works there, and those who protect it,” Biden said in the statement, after expressing his condolences to Evans’ family. His death is the second line-of-duty death this year for the Capitol police, who also lost an officer during the Jan. 6 attack, and the 7th in the agency’s history, according to the Associated Press.
    Here is Biden’s full statement:

    Jill and I were heartbroken to learn of the violent attack at a security checkpoint on the U.S. Capitol grounds, which killed Officer William Evans of the U.S. Capitol Police, and left a fellow officer fighting for his life. We send our heartfelt condolences to Officer Evans’ family, and everyone grieving his loss. We know what a difficult time this has been for the Capitol, everyone who works there, and those who protect it.
    I have been receiving ongoing briefings from my Homeland Security Advisor, and will be getting further updates as the investigation proceeds.
    I want to express the nation’s gratitude to the Capitol Police, the National Guard Immediate Response Force, and others who quickly responded to this attack. As we mourn the loss of yet another courageous Capitol Police officer, I have ordered that the White House flags be lowered to half-mast.

    Updated
    at 5.16pm EDT

    5.01pm EDT
    17:01

    Today so far

    That’s it from me on this sad day in Washington. My west coast colleague, Gabrielle Canon, will take over the blog for the next few hours.
    Here’s where the day stands so far:

    US Capitol Police officer William “Billy” Evans was killed after a car rammed through a security barrier at the Capitol this afternoon. The acting USCP chief, Yogananda Pittman, said a suspect attempted to drive through the barrier and then exited his car wielding a knife. The suspect lunged at the two officers present, and at least one of the officers opened fire on the man, who later died of his injuries.
    The Capitol attack did not appear to be terrorism-related, the acting chief of the Metropolitan Police Department of DC said. At an afternoon press conference, acting MPD chief Robert Contee said it did not appear the Capitol was under active threat. The lockdown at the Capitol was lifted soon afterwards.
    Nancy Pelosi mourned Evans as “a martyr for our democracy”. The House speaker said in a statement, “Today, once again, these heroes risked their lives to protect our Capitol and our Country, with the same extraordinary selflessness and spirit of service seen on January 6. On behalf of the entire House, we are profoundly grateful.” A spokesperson for Pelosi also said the Capitol flags will be lowered to half-staff in honor of Evans.
    The Major League Baseball All-Star Game is being moved out of Georgia over the state’s new voting law. The law, which Republican Governor Brian Kemp signed late last month, restricts access to voting, and it has been widely criticized by Democrats and voting rights activists.
    Fully vaccinated Americans can travel without quarantining, the Centers for Disease Control and Prevention said. According to the CDC’s newest guidelines, vaccinated individuals can travel without getting tested for coronavirus or quarantining after their return. The agency said such travel is low-risk for those who have been vaccinated.

    Gabrielle will have more coming up, so stay tuned.

    4.41pm EDT
    16:41

    Major League Baseball pulls All-Star Game from Georgia over voting law

    The Guardian’s Sam Levine reports:
    Major League Baseball will not hold the annual All-Star Game in Atlanta this year after Georgia passed a new law that makes it significantly harder to vote.
    The announcement is perhaps the most consequential action taken since Georgia governor Brian Kemp, a Republican, signed the measure into law. Delta Airlines and Coca-Cola spoke out against the bill this week, but faced criticism for not doing so earlier, when their influence could have had a significant impact on the legislation.
    “I have decided that the best way to demonstrate our values as a sport is by relocating this year’s All-Star Game and MLB draft,” Rob Manfred, the league’s commissioner, said in a statement. “Major League Baseball fundamentally supports voting rights for all Americans and opposes restrictions to the ballot box.”
    The Georgia law implements new requirements for mail-in voting, a process voters in the state used in record numbers without evidence of fraud in 2020.

    4.26pm EDT
    16:26

    Pelosi mourns killed USCP officer as ‘a martyr for our democracy’

    House speaker Nancy Pelosi has released a statement mourning the loss of US Capitol Police Officer William “Billy” Evans in this afternoon’s attack.
    “Today, America’s heart has been broken by the tragic and heroic death of one of our Capitol Police heroes: Officer William Evans. He is a martyr for our democracy,” the Democratic speaker said.
    “Members of Congress, staff and Capitol workers, and indeed all Americans are united in appreciation for the courage of the U.S. Capitol Police. Today, once again, these heroes risked their lives to protect our Capitol and our Country, with the same extraordinary selflessness and spirit of service seen on January 6. On behalf of the entire House, we are profoundly grateful.”
    Pelosi pledged that Congress was ready to “assist law enforcement with a swift and comprehensive investigation into this heinous attack”.
    “May we always remember the heroism of those who have given their lives to defend our Democracy,” the speaker said. “May it be a comfort to the family of Officer Evans that so many mourn with them and pray for them at this sad time.”

    4.20pm EDT
    16:20

    USCP identifies killed officer as William ‘Billy’ Evans

    The US Capitol Police has identified the officer who was killed in the attack this afternoon as William “Billy” Evans.
    “It is with profound sadness that I share the news of the passing of Officer William ‘Billy’ Evans this afternoon from injuries he sustained following an attack at the North Barricade by a lone assailant,” USCP acting chief Yogananda Pittman said in a statement.

    U.S. Capitol Police
    (@CapitolPolice)
    Statement on the Loss of USCP Colleague Officer William “Billy” Evans: https://t.co/JMAEbTcbAp pic.twitter.com/DPvkAv5ptO

    April 2, 2021

    Pittman noted Evans, who succumbed to his injuries after being struck by a car that rammed through a security barrier, had been a member of the USCP force for 18 years.
    “He began his USCP service on March 7, 2003, and was a member of the Capitol Division’s First Responder’s Unit,” Pittman said. “Please keep Officer Evans and his family in your thoughts and prayers.”

    4.17pm EDT
    16:17

    Senator Brian Schatz, a Democrat of Hawaii, offered his thoughts to the US Capitol Police, after an officer died in the attack this afternoon.
    “Being a Capitol Police officer has never been more difficult or more stressful. All the love and comfort in the world to them and their family members,” Schatz said on Twitter.

    Brian Schatz
    (@brianschatz)
    Being a Capitol Police officer has never been more difficult or more stressful. All the love and comfort in the world to them and their family members.

    April 2, 2021

    This is the second line-of-duty death for the USCP since January, when Officer Brian Sicknick succumbed to his injuries from the Capitol insurrection.
    Prior to 2021, a total of four USCP officers had died in the line of duty in the entire history of the force, according to the USCP website.

    4.06pm EDT
    16:06

    Martin Pengelly

    The House and Senate are not in session but some elected officials and staff were in the building on Friday, as a car rammed a security barrier on the grounds.
    Ro Khanna, a Democratic representative from California, spoke to CNN from his car, where he said officers had told him to go after he came back to the Capitol from going out for lunch.
    “It’s really sad,” he said. “Once the barriers were removed we were moving back to some sense of normalcy, but this just shows the level of risk there still is.
    “I can’t imagine saying that going to the United States Capitol to represent your constituents is actually a dangerous thing.”

    3.50pm EDT
    15:50

    Noah Green, a 25-year-old man from Indiana, is the suspect who rammed through a Capitol security checkpoint in his car this afternoon, according to NBC News.

    Tom Winter
    (@Tom_Winter)
    BREAKING / NBC News: Multiple senior law enforcement officials briefed on the investigation say Noah Green, 25 year old male, from Indiana is the person who attacked the Capitol today. Reported by @PeteWilliamsNBC @jonathan4ny and myself.

    April 2, 2021

    US Capitol Police has said the suspect exited the vehicle wielding a knife and was then shot by at least one of the officers present. He later succumbed to his injuries and died.

    3.45pm EDT
    15:45

    The US Capitol Police has provided the latest information on the attack that occurred this afternoon.
    According to USCP, a man in a blue sedan charged a security barrier at the Capitol, striking two officers. The man then exited the vehicle with a knife and ran toward the officers.
    At least one of the officers drew their weapon and shot the suspect, who succumbed to his injuries about 30 minutes later. One of the USCP officers who was hit by the car also died of his injuries.

    U.S. Capitol Police
    (@CapitolPolice)
    UPDATE: Here is the latest information. pic.twitter.com/GOVaMv8EXk

    April 2, 2021

    3.31pm EDT
    15:31

    Senate majority leader Chuck Schumer said he was “heartbroken” for the US Capitol Police officer who was killed today, after a car rammed through a security barrier.
    “I’m praying for the officer injured and his family. We’re in their debt,” the Democratic leader said on Twitter. “We thank the Capitol Police, National Guard, & first responders for all they do to protect the Capitol and those inside.”

    Chuck Schumer
    (@SenSchumer)
    I’m heartbroken for the officer killed today defending our Capitol and for his family. I’m praying for the officer injured and his family.We’re in their debtWe thank the Capitol Police, National Guard, & first responders for all they do to protect the Capitol and those inside

    April 2, 2021

    3.20pm EDT
    15:20

    USCP lifts Capitol lockdown after car attack

    The US Capitol Police has lifted the lockdown on the Capitol grounds, about two hours after a car rammed a security barrier and injured two USCP officers, killing one of them.
    But the police force noted the area immediately surrounding the attack site is still under restricted access as officials continue to process the scene.

    U.S. Capitol Police
    (@CapitolPolice)
    The USCP has cleared the external security threat incident located at all of the U.S. Capitol Campus buildings, however the area around the crime scene will continue to be restricted and individuals should follow police direction. pic.twitter.com/6SXr5WJmcE

    April 2, 2021

    Updated
    at 3.21pm EDT More

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    'Opportunity is coming': Joe Biden celebrates latest jobs report – video

    Joe Biden has encouraged Americans to ‘buckle down’ as coronavirus cases rise but he was optimistic on the state of the economy and celebrated the latest jobs report.
    The US economy added 916,000 jobs last month according to the report which Biden credited to the resiliency of the American people and his administration’s new economic vision

    US politics – live updates More

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    Delta and Coca-Cola pivot on Georgia’s restrictive voting law: 'It's unacceptable'

    Sign up for the Guardian’s Fight to Vote newsletterAfter weeks of pressure from activists some major companies and prominent Black executives are taking a somewhat harder line in speaking out against a new law in Georgia to restrict voting access.Delta Airlines, one of the Georgia-based companies that declined to speak out as the measure moved through the legislature, issued a forceful statement on Wednesday, saying the law was “unacceptable”.“After having time to now fully understand all that is in the bill, coupled with discussions with leaders and employees in the Black community, it’s evident that the bill includes provisions that will make it harder for many underrepresented voters, particularly Black voters, to exercise their constitutional right to elect their representatives. That is wrong.” Ed Bastian, Delta’s CEO, wrote in a company memo on Wednesday.“The entire rationale for this bill was based on a lie: that there was widespread voter fraud in Georgia in the 2020 elections. This is simply not true. Unfortunately, that excuse is being used in states across the nation that are attempting to pass similar legislation to restrict voting rights,” he added.The statement is an abrupt reversal for Delta, which for weeks declined to say it explicitly opposed the Georgia measure. Two weeks ago, when the measure was being crafted in the state legislature, a Delta spokesperson told the Guardian that “ensuring an election system that promotes broad voter participation, equal access to the polls, and fair, secure elections processes are critical to voter confidence and creates an environment that ensures everyone’s vote is counted”.Delta’s statement came just after some of America’s top Black business leaders and CEOs released a letter condemning widespread efforts across the United States to make it harder to vote. “There is no middle ground here,” Kenneth Chenault, the former CEO of American Express, told The New York Times, which first reported on the letter. “You either are for more people voting, or you want to suppress the vote.”James Quincey, the CEO of Coca-Cola, which has largely stayed quiet over the last few weeks, also pivoted his company’s stance on Wednesday.“This legislation is unacceptable. It is a step backwards,” he told CNBC. “This legislation is wrong and needs to be remedied and we will continue to advocate for it both in private and now even more clearly in public.”Asked why he took so long to issue a full-throated condemnation of the law, Quincey insisted the company has “always” opposed the legislation, even though it has declined to say that for weeks.The Georgia law requires voters to provide identification when they request and return absentee ballots, limits the availability of absentee drop boxes, reduces the length of runoff elections, allows for unlimited challenges to voter qualifications, and gives Republicans in the state legislature more influence over the state election board as well as a pathway to meddle with local boards. The law also makes it illegal to provide food or water to anyone standing in line to vote.Nse Ufot, the CEO of the New Georgia Project, one of the groups leading the pressure campaign, welcomed the statement from Delta, even though she said it was “late”.“This is where the problem lies. Conversations with Black and Brown leaders must happen at all stages and all areas of decision-making, not after the damage is done. Here’s the lesson: listen to Black and Brown people,” she said in a statement. She added that the company should now call out voting restrictions advancing through other state legislatures and support sweeping voting rights legislation in Congress.Deborah Scott, the executive director of Georgia Stand-Up, another civic action group, called for a boycott of Georgia and Coca-Cola on Wednesday.“Although condemning Georgia’s anti-democratic moves is right and vocal support is welcome, the most effective response is one that will hit the pocketbooks of Georgia’s ruling elite – an economic boycott of the state,” she said in a statement. “This is a historic opportunity, comparable to other watershed civil rights moments such as the Montgomery bus boycott and Selma.”While Delta insisted it worked behind the scenes to remove some of the most onerous restrictions in the measure, the governor of Georgia, Brian Kemp, said he was surprised by the company’s stance.“Today’s statement by Delta CEO Ed Bastian stands in stark contrast to our conversations with the company, ignores the content of the new law, and unfortunately continues to spread the same false attacks being repeated by partisan activists,” Kemp said, according to the Atlanta Journal Constitution. Since 2018, Delta has donated more than 41,600 to lawmakers who backed voting restrictions, according to Popular Information, an independent newsletter.A senior Republican also told the Atlanta Journal Constitution that lawmakers were weighing ways to punish the company after a statement that was “akin to Delta shooting us in the face with a shotgun without telling us it was coming.”The chatter among Republicans about retaliating is growing. Rs are amazed Delta didn’t wait until tomorrow – when leg session is over – to issue this statement. “This is the level of anger that makes people creative,” says one. “That should scare the shit out of them.” #gapol— Greg Bluestein (@bluestein) March 31, 2021
    Arthur Blank, the owner of the Atlanta Falcons football team also released a statement on Tuesday condemning the new law.“Every voice and every vote matters and should be heard through our democratic process in Georgia. The right to vote is simply sacred. We should be working to make voting easier, not harder for every eligible citizen,” Blank said in a statement on Tuesday. Spokespeople for both the Atlanta Braves and Hawks, the city’s baseball and basketball teams respectively, declined to comment on the measure on Tuesday.Corporations have signaled a willingness to speak out on controversial issues in recent years, from LGBTQ+ rights to the environment. But observers in recent weeks have questioned why companies have not brought the same force to opposing voting rights in Georgia.“They are looking at their best business interests, and when the pressure from one side increases, they essentially realize ‘hey look there’s a side where I need to weigh in and at this point I need to step up and make my opinion clear,’” said Tarun Kushwaha, a marketing professor at George Mason University. “My hunch is that the Georgia, Atlanta, based organizations were slow at doing this is they feared that there might be repercussions for them. Repercussions not just in terms of customers, but repercussions from the legislature.”Beyond Delta, activists have also singled out Coca-Cola, UPS, Home Depot, Aflac, and Southern Company to oppose the measure. Last week, leaders of the sixth district of the AME church, representing more than 500 Black churches in Georgia, went even further and called for a Coca-Cola boycott.There have also been growing calls for sports officials to sanction Georgia over the law. The president of the Major League Baseball players’ union indicated he was open to discussion about moving the league’s All Star Game from Atlanta this summer. The National Black Justice Coalition has also called on the PGA Tour to move the Master’s golf tournament out of Georgia. More

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    Biden promises 'historic' $2tn spending in infrastructure – but Capitol Hill fight awaits

    Joe Biden will unveil an expansive $2tn proposal to rebuild the country’s infrastructure, confront climate change and curb wealth inequality, part of a sweeping spending package that could define the president’s economic legacy.Biden’s plan, which he will lay out at a speech in Pittsburgh on Wednesday afternoon, includes “historic and galvanizing” investments in traditional infrastructure projects such as roads, bridges and highways, as well as hundreds of billions of dollars to fortify the electricity grid, expand high-speed broadband and rebuild water systems to ensure access to clean drinking water, an administration official said on Tuesday. It also seeks to expand access to community care facilities for seniors and people with disabilities and invest in research and development and workplace training.He will propose paying for the new spending with a substantial increase on corporate taxes that would offset eight years of spending over the course of 15 years, officials said. Among the changes, Biden will call for a rise in the corporate tax rate to 28% from 21% and measures to force multinational corporations to pay more taxes in the US on profits earned abroad. The tax plan would unwind major pieces of Donald Trump’s tax-cut law, which lowered the corporate tax rate from 35% to 21%.The package, known as the American jobs plan, is only the first part of the president’s sprawling infrastructure agenda. Aides say he will present a second legislative package next month that will focus on investments in healthcare, childcare and education. That package is expected to be paid for, at least in part, by raising taxes on the nation’s highest earners.As a candidate, Biden promised not to raise individual taxes on those earning less than $400,000.The scale of the proposals, together expected to cost as much as $4tn, has been compared to Franklin Roosevelt’s New Deal or Lyndon Johnson’s Great Society. A memo outlining its ambition states: “Like great projects of the past, the president’s plan will unify and mobilize the country to meet the great challenges of our time: the climate crisis and the ambitions of an autocratic China.”Biden’s allies on Capitol Hill are gearing up for a fight over the infrastructure legislation that will likely prove to be significantly more contentious than the swift passage of Biden’s $1.9tn economic aid bill, which was enacted earlier this month with only Democratic votes.While the urgency of the pandemic helped Democrats overcome a handful of objections to pass Biden’s coronavirus relief plan, there is infighting over what belongs in the package – and whether the administration should spend time attempting to forge a bipartisan consensus.Both Democrats and Republicans share a goal of fixing the nation’s ageing roads, bridges and other critical infrastructure. Yet they disagree sharply on the details – how much to spend, what constitutes “infrastructure” and how to pay for the investments. This chasm was too big for either Barack Obama or Trump to overcome and both failed to make progress after promising to rebuild the country’s infrastructure.In a briefing with reporters on Tuesday night, the administration official said Biden believed the current moment offered a rare opportunity “to demonstrate that the United States and democracies can deliver for the people that they serve”.“The stakes of this moment are high,” the official continued, adding that the president was confident this package would prove once again that massive public investment programs have the ability to not only create millions of new jobs but “revive and revitalize our national imagination”.“We think that these are investments that as a country we cannot afford not to make,” the official said.But congressional Republicans are already balking at the scope of the project, warning that the tax rises will hurt American competitiveness and slow the nation’s economic growth as it struggles to rebound from the pandemic. Their opposition could force Democrats to pass the bill through reconciliation, a parliamentary process that would allow them to bypass Republicans in the Senate.Even then, rank-and-file Democrats are far from aligned. With a narrow majority in the House and an evenly divided Senate, Biden has little room for error and the jockeying is already well underway as Democrats push an array of competing policy demands and ultimatums.On Tuesday, congressman Josh Gottheimer, a centrist Democrat from New Jersey, said he would oppose any tax proposals that did not include a repeal of the cap on state and local tax deductions implemented as part of the Republican’s 2017 GOP tax-cut plan.Meanwhile, liberal lawmakers want to see Biden go even bigger. On Monday, senator Edward Markey and congresswoman Debbie Dingell proposed a climate and infrastructure plan that would spend $10tn over the next decade.There is also an internal debate over how to proceed. Moderate Democrats say the package should be targeted to attract Republicans, fulfilling a campaign promise Biden made to work with members of both parties. But many progressives see little value in compromise.Congresswoman Pramila Jayapal, chair of the Congressional Progressive Caucus, urged the administration not to waste precious time attempting to woo Republicans.“We can’t wait for Republicans to have some awakening on climate change here – we’ll be waiting forever if we do that,” she said on Tuesday “We’ve got a window to get this done and we have to move with the urgency and the boldness that this moment calls for.” More

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    The rich-poor gap in America is obscene. So let's fix it – here's how | Bernie Sanders

    The United States cannot prosper and remain a vigorous democracy when so few have so much and so many have so little. While many of my congressional colleagues choose to ignore it, the issue of income and wealth inequality is one of the great moral, economic and political crises that we face – and it must be dealt with.The unfortunate reality is that we are moving rapidly toward an oligarchic form of society, where a handful of billionaires have enormous wealth and power while working families have been struggling in a way we have not seen since the Great Depression. This situation has been exacerbated by the pandemic.Today, half of our people are living paycheck to paycheck, 500,000 of the very poorest among us are homeless, millions are worried about evictions, 92 million are uninsured or underinsured, and families all across the country are worried about how they are going to feed their kids. Today, an entire generation of young people carry an outrageous level of student debt and face the reality that their standard of living will be lower than their parents’. And, most obscenely, low-income Americans now have a life expectancy that is about 15 years lower than the wealthy. Poverty in America has become a death sentence.Meanwhile, the people on top have never had it so good. The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people. While millions of Americans have lost their jobs and incomes during the pandemic, over the past year 650 billionaires have seen their wealth increase by $1.3tn.The growing gap between the very rich and everyone else is nothing new.Over the past 40 years there has been a massive transfer of wealth from the middle class and working families to the very wealthiest people in America.In 1978, the top 0.1% owned about 7% of the nation’s wealth. In 2019, the latest year of data available, they own nearly 20%.Unbelievably, the two richest people in America, Jeff Bezos and Elon Musk, now own more wealth than the bottom 40% of Americans combined.If income inequality had not skyrocketed over the past four decades and had simply stayed static, the average worker in America would be earning $42,000 more in income each year. Instead, as corporate chief executives now make over 300 times more than their average employees, the average American worker now earns $32 a week less than he or she did 48 years ago – after adjusting for inflation. In other words, despite huge increases in technology and productivity, ordinary workers are actually losing ground.Addressing income and wealth and inequality will not be easy, because we will be taking on some of the most powerful and well-financed entities in the country, including Wall Street, the health insurance industry, the drug companies, the fossil fuel industry and the military-industrial-complex. But it must be done. Here is some of what Congress and the president can do in the very near future.We must raise the minimum wage from the current starvation wage of $7.25 an hour to a living wage of at least $15 an hour. A job should lift workers out of poverty, not keep them in it.We need to make it easier, not harder, for workers to join unions. The massive increase in wealth and income inequality can be directly linked to the decline in union membership in America.A job should lift workers out of poverty, not keep them in itWe need to create millions of good-paying jobs rebuilding our crumbling infrastructure – our roads, bridges, wastewater plants, sewers, culverts, dams, schools and affordable housing.We need to combat climate change by fundamentally transforming our energy system away from fossil fuels towards energy efficiency and renewable energy which will also create millions of good paying jobs.We need to do what virtually every other major country does by guaranteeing healthcare to all people as a human right. Passing a Medicare for All program would end the absurdity of us paying twice as much per capita for healthcare as do the people of other countries, while tens of millions of Americans are uninsured or under-insured.We need to make certain that all of our young people, regardless of income, have the right to high quality education – including college. And that means making public colleges and universities tuition free and substantially reducing student debt for working families.And yes. We need to make the wealthiest people and most profitable corporations in America start paying their fair share of taxes.Growing income and wealth inequality is not just an economic issue. It touches the very foundation of American democracy. If the very rich become much richer while millions of working people see their standard of living continue to decline, faith in government and our democratic institutions will wither and support for authoritarianism will increase. We cannot let that happen. More

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    ‘You will not have your seat again’: how the Fight for $15 movement gained new momentum

    For Terrence Wise, a McDonald’s employee from Kansas City, Missouri, the battle for a raise in the federal minimum wage is far from over.
    Joe Biden campaigned on a raise, the first since 2009, and the majority of Americans of both parties support an increase. And yet, last month, Congress blocked an increase from the paltry $7.25 an hour where it has been stuck since 2009. Now there are signs of new momentum for change.
    If Washington can’t find a solution, Wise had a warning for politicians of both sides. “If you’re not going to make $15 a reality for workers, if you’re not going to create an environment for workers to join a union and make that possible, you will not be re-elected. You will not have your seat again,” Wise said, an organizer with the Fight for $15 movement. “We will not continue to choose representatives who are truly not representing us or who are out of tune with the working class.
    “We say don’t take it as a threat – take it as a promise.”

    High hopes that the federal minimum wage would be lifted for the first time in over 10 years came with the introduction of Biden’s $1.9tn stimulus package. The wage hike, which Biden tucked into his original stimulus plan, would have been the largest victory for the Fight for $15 movement since it started to mobilize fast-food workers in 2012.
    But when the bill hit the Senate, the wage increase faced two major hurdles: moderate Democrats who said that $15 was just too high and a ruling from the Senate’s parliamentarian on whether including an increase in the spending bill would break Senate rules.
    Ultimately, both factors stopped the increase from going into law.
    While Congress’s failure to raise the minimum wage dealt a blow to the Fight for $15 movement, advocates say there is still enough momentum behind the issue to build pressure on lawmakers in DC to bring a $15 minimum wage back to the table. Activists also say the Democratic party risks losing the support of some of its base if a new minimum wage fails to pass.
    “It’s such a core priority for so many organizations, for so many people, so many of the voters that put a lot of these elected officials into office,” said Tsedeye Gebreselassie, director of work quality at the National Employment Law Project. “It’s the top economic policy priority this year.”
    Multiple polls have shown there is broad support for a $15 minimum wage. One Pew Research poll from 2019 found that 67% of Americans support a minimum wage increase. An Amazon/Ipsos poll released this month found approximately the same percentage of support.
    With inaction from Congress, 29 states have increased their own minimum wage above the federal rate. Seven states have passed legislation increasing their minimum wage to $15 gradually, Florida being the most recent state to pass the measure by a ballot initiative. A few companies have also taken things into their own hands, with Costco, Amazon and Target increasing their minimum wage to at least $15 in recent years. More