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      Biden basks in bipartisan triumph – but is it a new start or a swansong?

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      Biden basks in bipartisan triumph – but is it a new start or a swansong? The signing of a $1.2tn infrastructure act was a much-needed win but Washington’s deep divisions were all too apparent“Here is what I know to be true, Mr President,” Vice-President Kamala Harris said on Monday, as she addressed Joe Biden. “You are equal parts believer and builder. And because you are, we are all better off.”Biden is a believer in the ability of the American people, US democracy and Democrats and Republicans to work together and get things done. It was the theory of his candidacy for president.Joe Biden signs $1.2tn infrastructure bill into law – liveRead moreBut his faith has been sorely tested since he took office.Reality keeps mugging Biden and yet he comes back for more, his convictions apparently unshaken. He refuses to be disappointed in America. His reward came on Monday when he signed into law a bipartisan trillion-dollar bill to repair roads, bridges and other infrastructure.The president told a gathering of about 800 mayors, governors and workers on the White House South Lawn: “The bill I’m about to sign is proof that despite the cynics, Democrats and Republicans can come together and deliver results. We can do this. We can deliver real results for real people.”Only the harshest of cynics would deny him this victory lap for the biggest public works bill since former president Dwight Eisenhower created the interstate highway system in 1956. “Joe! Joe! Joe!” chanted supporters as the sun set, casting its light on him but leaving most of the crowd in the shade as chill winds blew.But it did not take a cynic to notice the clues that Washington still has a long way to go to heal its deep, dysfunctional divisions and live up to Biden’s idealism. This might be a new dawn of bipartisanship. Or it might be its last gasp.Infrastructure, after all, is a low bar to clear. Foreign visitors to the US are stunned to find the most powerful nation the world has ever known plagued by potholed roads, crumbling bridges and clapped-out airports. China and others are racing ahead. America had to act because it couldn’t not act.Six years ago, when Congress last approved a significant renewal of federal highway and other transport programs, it was backed by nearly every Democrat and robust majorities of Republicans.This time, the $1.2n infrastructure bill cleared the Senate 69-13 with Republican support, but scraped through the House last week with just 13 Republican votes. And they have paid a political price.Donald Trump, the former president, lambasted them. Marjorie Taylor Greene, an extremist member of Congress, branded them “traitors” while tweeting their names and office telephone numbers.Congressman Fred Upton of Michigan said his offices received dozens of threatening calls following his yes vote. That included one obscenity-laced rant in which the caller repeatedly called Upton a “traitor” and expressed hope that he, his family and aides would die.If the Maga (“Make America Great Again”) wing of the Republican party was hoping to intimidate party members so they would stay away from Biden’s shindig, they appear to have succeeded. Only a sprinkling of congressional Republicans were present to hear this paean to bipartisanship.Mitch McConnell, the Senate minority leader who voted for the bill, was notably not among them, apparently unwilling to enhance Biden’s political victory (the president thanked him in his absence, all the same).Instead there was the Republican senator Rob Portman of Ohio, who is not running for re-election and so has nothing to fear from the vengeance of Maga world.Biden joked: “Senator Rob Portman is really a hell of a good guy. I’m not hurting you, Rob, because I know you’re not running again.”This was not a Trumpian celebration of fireworks, military jets roaring overhead and tanks parked on the lawn. Nevertheless, the Rose Garden colonnades were bedecked with the Stars and Stripes and the flags of all 50 states were lined up at the south portico.Portman, Senator Kyrsten Sinema (neither wearing a coat despite the cold), the Senate majority leader, Chuck Schumer, and House speaker, Nancy Pelosi, strode across the South Lawn as a fanfare played from a brass band.Sinema, a centrist Arizona Democrat, told the gathering: “How many times have we heard that bipartisanship isn’t possible any more or that important policy can only happen on a party line? Our legislation proves the opposite and the senators who negotiated this legislation show how to get things done.”But her prominent role summed up the ambiguity of the moment. Sinema has enraged many on the left by her enigmatic and intransigent approach to part two of Biden’s agenda, known as Build Back Better, which proposes $1.75tn in social and environmental spending. Republicans are uniformly opposed.That deadlock is not helping Biden’s approval rating, hovering around the 40% mark despite jobs growth, nor doing much to dispel the fear that the rot has set in for good in the body politic.But for one afternoon at least, Biden could be Biden, giving thanks to absent friends and reasserting his belief in America.“I ran for president because the only way to move our country forward is through compromise and consensus,” he said.TopicsJoe BidenThe US politics sketchUS politicsUS domestic policyfeaturesReuse this content More

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      Florida lawmakers’ special session aims to thwart Covid vaccine mandates

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      Florida lawmakers’ special session aims to thwart Covid vaccine mandates
      Governor Ron DeSantis promises to ‘strike a blow for freedom’
      Republican seen as contender for 2024 presidential nomination
      LA has one of the strictest vaccine mandates: will it work?
      Florida lawmakers will meet on Monday for a week-long special legislative session called by the Republican governor, Ron DeSantis, with the goal of thwarting coronavirus vaccine mandates imposed by businesses or government agencies.Conservative judges block Biden’s vaccine requirement for businessesRead moreDeSantis recently announced he is running for re-election in 2022 but is seen by many as a potential presidential candidate in 2024 – particularly if Donald Trump decides not to run again.The special legislative session will be about “a combination of policy and politics”, said Aubrey Jewett, a political science professor at the University of Central Florida, adding that DeSantis is following Trump’s lead in being staunchly against mask and vaccine mandates.According to an agenda released by the governor’s office, a body of legislators dominated by Republicans will consider four bills to impose penalties on businesses and local governments that require workers to be vaccinated against Covid-19.“No cop, no firefighter, no nurse, nobody should be losing their job because of these jabs,” DeSantis said in a media release, echoing a previous plea for first responders from other states to relocate to Florida if they do not wish to be vaccinated by mandate.“We’re going to be striking a blow for freedom,” DeSantis said.Resistance to vaccine mandates and other public health measures to combat Covid-19 has spread in Republican states and among Republican politicians using it to buttress their pro-Trump bona fides and attack the Biden administration.By Sunday, the US had recorded nearly 763,000 deaths from Covid-19, out of more than 47m cases. Florida has recorded the third-highest state death toll, with more than 62,600, behind only California and Texas. Around 58% of the population is fully vaccinated. On Friday, a conservative federal court in New Orleans refused to lift a stay it imposed on a Biden administration rule which says businesses with 100 or more employees must insist on vaccinations or masks and regular testing from 4 January.The administration has said it is confident the rule is legal and will ultimately prevail.DeSantis has railed against vaccine mandates but is vaccinated himself, according to media reports. The governor “knows that Trump supporters don’t like masks or this vaccine”, Jewett told Reuters. “There’s no denying it’s politics with an eye not only on the governor’s race, but an eye toward the White House.“If passed into law, the new Florida bills considered in the special legislative session will impose fines on private businesses that do not allow employee exemptions to Covid-19 vaccine requirements.“This is something that his base will love,” Jewett said. “[DeSantis] is establishing himself as a freedom fighter.”TopicsCoronavirusFloridaUS politicsRepublicansUS elections 2024Donald TrumpUS domestic policynewsReuse this content More

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      Elon Musk targets Bernie Sanders over tax: ‘I keep forgetting you’re still alive’

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      Elon Musk targets Bernie Sanders over tax: ‘I keep forgetting you’re still alive’
      Tesla founder responds to senator’s ‘fair share’ tweet
      Musk sold nearly $7bn of stock after controversial Twitter poll
      Biden approval ratings plunge amid crisis over inflation
      Elon Musk waded into yet another Twitter controversy on Sunday, the Tesla owner and world’s richest person responding to a tweet about tax from Senator Bernie Sanders by writing: “I keep forgetting that you’re still alive.”If the super-rich want to live for ever our planet is truly doomed | John HarrisRead moreSanders, 80, wrote: “We must demand that the extremely wealthy pay their fair share. Period.”Musk, 50, is also the owner of SpaceX and has a personal worth estimated at around $271bn, making him by some counts the richest person ever.He also tweeted: “Want me to sell more stock, Bernie? Just say the word …”Sanders did not immediately respond. Melissa Byrne, a progressive activist and former Sanders staffer, tweeted: “Folks, quit buying Tesla. Don’t reward abusive men.”This week, Musk sold nearly $7bn of shares in Tesla, more than $5bn after asking Twitter followers to vote on whether he should do so and more than $1bn on Friday.Jason Benowitz, senior portfolio manager at Roosevelt Investment Group in New York, told Reuters: “We expect the share sales will continue, as Musk holds millions of options worth billions of dollars that would otherwise expire worthless, and he has also prearranged share sales.”Tesla’s share price fell after Musk’s Twitter followers said he should sell stock. But the shares remain hugely valuable.Musk staged the Twitter poll to make a point about a “billionaires tax” proposed by Democrats in Congress, saying: “Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.”Proponents of the billionaires tax say they want to target “unrealised capital gains”, meaning rises in the value of stocks owned by ultra-rich Americans who currently pay very little in tax.Sanders is a democratic socialist independent from Vermont who caucuses with Democrats in the Senate. He rose to global prominence with strong runs for the Democratic presidential nomination in 2016 and 2020, losing out to Hillary Clinton and then Joe Biden.As chair of the Senate budget committee and a champion of fairness in taxation, Sanders is pushing for Biden’s Build Back Better package of spending on health and social care and climate crisis mitigation to make it out of Congress and into law.Build Back Better would be funded by tax increases on corporations and the very wealthy. The billionaires tax is not part of the package but its chief proponent, Senator Ron Wyden of Oregon, condemned Musk’s Twitter stunt last week.Saying he wanted to “ensure billionaires pay tax every year, just like working Americans”, Wyden added: “Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll.”Musk has a history of controversial – and sometimes costly – behaviour on social media. In October, he responded to Wyden’s tax proposals with a tweet.“Eventually they run out of other people’s money and then they come for you.”TopicsElon MuskUS taxationBernie SandersUS politicsUS domestic policyTeslanewsReuse this content More

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      Biden’s approval ratings continue to plunge amid crisis over inflation

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      Biden’s approval ratings continue to plunge amid crisis over inflation
      41% of voters approve of Biden in new poll despite victory lap
      Biden touts infrastructure win as midterms loom
      Aides to Joe Biden took to the political talk shows on Sunday in a bid to talk up the US economic recovery despite confidence in the president continuing to plunge amid a crisis over inflation and supply chain problems.Republican senator won’t condemn Trump for defending chants of ‘Hang Mike Pence’Read moreIn alarming news for the White House, only 41% of voters approved of Biden in a Washington Post/ABC survey published on Sunday, continuing a steady downward trend in the president’s ratings.The new numbers, which come despite a victory lap over the passing of a $1.2tn infrastructure package and growing confidence over the prospects for a $1.75tn social spending bill, are a growing worry for Democrats with less than a year to the midterm elections.Only 39% approved of Biden’s handling of the economy, their confidence shaken by inflation surging to 30-year highs and the supply chain crisis threatening the availability of food and other essentials with the holiday season approaching.Janet Yellen, the treasury secretary, and Brian Deese, director of the National Economic Council, tried to reassure voters that Biden’s policies had the US on the right track, amid warnings of inflation remaining high well into next year.“We will still have an economic recovery that will be strong and support ongoing growth,” Yellen told CBS’s Face the Nation when asked about the likely dropping of paid family leave – forced by moderate Democratic senators such as Joe Manchin – from Biden’s Build Back Better domestic spending package.“We’re supportive, President Biden and I, of paid leave, and it’s something that we will try to legislate in the future,” Yellen said. “But there’s money in this package that will make it easier for people to work and care for family members at the same time.”Yellen blamed Covid-19 for the worst of the inflation and supply chain issues, and predicted that prices would likely “return to normal” in the second half of next year “if we’re successful with the pandemic”.“The pandemic has been calling the shots for the economy and for inflation,” she said. “If we want to get inflation down, continuing to make progress against the pandemic is the most important thing we can do.“We passed the American Rescue Plan and unemployment has declined from almost 15% to under 5% now. Americans feel confident about the job market. They’re seeing wage increases. It really reflects the support that we gave to Americans to keep up their spending and make it through the pandemic.”Yellen’s upbeat position was mirrored by Deese. On NBC’s Meet the Press, he attempted to downplay attempts in the summer to paint rising inflation as a “temporary” blip.“Because of the actions the president has taken, we’re now seeing an economic recovery that most people didn’t think was possible,” Deese said.“If you look at the strong wage gains plus the direct support that we’ve provided to families, checks in pockets and the child tax credit, the disposable income for a typical family is up about 2% even after you take into account inflation.“That doesn’t reduce the frustration any more when somebody’s going to the gas station and they see prices go up. But it does mean that we are well positioned to try to address these challenges going forward.”On CNN’s State of the Union, Deese said: “We actually know what we need to do here. We need to make a fully paid-for investment that will unlock more opportunities to get more people working in the economy.”Whether rosy messaging about inflation sways voters remains to be seen. Republicans such as the Florida senator Marco Rubio continue to bash Biden over the issue. Robert Reich, a former US secretary of labor, wrote in the Guardian this week that a lack of regulation has allowed corporate giants to continue raising prices while recording record profits.“They have so much market power they can raise prices with impunity,” Reich wrote. “The underlying problem isn’t inflation per se, it’s lack of competition. Corporations are using the excuse of inflation to raise prices and make fatter profits.“Price inflation is a symptom: the increasing consolidation of the economy in a relative handful of big corporations. This structural problem is amenable to only one thing: the aggressive use of antitrust law.”Deese, on CNN, said Biden was open to exploring the issue.“There’s a real concern of price gouging or market manipulation that could harm consumers,” he said. “So we’ve asked the Federal Trade Commission to take a very close look at that.”TopicsJoe BidenUS domestic policyUS politicsBiden administrationnewsReuse this content More

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      Biden’s infrastructure success is historic – and sorely needed | Gary Gerstle

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      OpinionBiden administrationBiden’s infrastructure success is a historic – and sorely needed – win Gary GerstleInfrastructure bill’s passage opens a path to victory in 2022. Democrats should be encouraged by this breakthrough Mon 8 Nov 2021 06.19 ESTLast modified on Mon 8 Nov 2021 11.08 ESTThe infrastructure deal struck late on Friday evening gave Biden a desperately needed win. It represents an opportunity to regain control of the political narrative that the Afghanistan debacle in August had stripped from his grasp. Since that time, his presidency has taken a series of damaging hits, culminating in the party’s dispiriting losses in Tuesday’s elections. The deal reached between the moderate and progressive wings of the Democratic party had to happen for the party to have any chance of keeping its congressional majorities in 2022.The passage of the billion-dollar-plus infrastructure bill is the largest appropriation of its kind since the Eisenhower Congress gave America its interstate highway system in the 1950s. Infrastructural improvements in the country are urgently needed and, if handled well, will be greeted with enthusiasm by Democrats and Republicans alike. The size of this bill, in combination with Biden’s $1.9tn American Rescue Plan passed last spring, and the likelihood that some version of the social infrastructural bill will pass Congress before the end of the calendar year, puts Biden’s ambition in New Deal-second world war territory. It will quiet critics of the FDR-Biden comparisons, at least for a time.The bill’s passage coincides with encouraging news on the economic and Covid-19 fronts: Friday’s jobs report was better than expected, the virulence of the Delta variant may have peaked, and Pfizer’s report of an effective treatment for those ill with the disease may turn out to have as much significance as the announcement a year ago that vaccines were on their way. Imagine if the Pfizer medicines, by election season 2022, turn Covid infections into nothing worse than a bad cold or the flu. Credit will fall to the Democrats.Friday’s victory is also notable for delivering on Biden’s promise of bipartisanship. Thirteen Republican votes in the House of Representatives hardly constitute a wave but they represent 13 more than the total cast by Republicans for Obama’s Affordable Care Act in 2010. Those 13 yea votes, moreover, breached the rules governing Trump-style politics, which dictate giving opponents no quarter. Trump will not take kindly to hearing reports that “sleepy Joe” has succeeded on infrastructure where the Great Leader himself had failed. It may be that a movement out of the Trump era, if it is to happen, will occur through a series of modest steps rather than through one big bang.It will take days and weeks for full reports of Friday’s tense negotiations to emerge. But already there are two details worth highlighting. First, Black politicians, this time in the form of the Congressional Black Caucus, came to Biden’s rescue much as Jim Clyburn had in the crucial South Carolina primary in February 2020. Nancy Pelosi helped this maneuver along by sending out Joyce Beatty, head of the Congressional Black Caucus, to deliver a message to the progressives that, at this critical moment, they needed to check their legislative utopianism at the door and vote for the infrastructure bill. Biden must take appropriate notice of this Black Caucus intervention, and find ways to reward it.Second, Biden must also understand that the progressives compromised more than the moderates did. For months, the former had pledged to hold up the infrastructure bill until its fraternal twin, the social infrastructural bill known as the Build Back Better Act (BBBA), passed as well. The skillful Pramila Jayapal, head of the House’s Progressive Caucus, extracted the equivalent of sworn oaths from key party moderates to vote for BBBA when it comes up for a vote (as it will) sometime in November. But these moderates will have an escape hatch: If the Congressional Budget Office’s costing of BBBA turns out to be much higher than expected, they will claim that such a “worrisome” estimate relieves them of their solemn obligation to vote yea.Biden and Pelosi cannot allow the moderates to wriggle free in this way. Progressives will regard this as a betrayal, and their willingness to contribute their essential energy and support to the Democrats in 2022 will ebb. Collaboration between progressives and moderates in the Democratic party has rarely been easy. But, historically, the party has made its greatest advances when the alliance has held. To sustain that alliance in this moment, both groups must come out of the current legislative season with a win.Biden must now convert his Capitol Hill accomplishment into economic and technological achievements. He must use his bully pulpit to talk up the virtues of his infrastructure bill. He must demonstrate in concrete terms that work on multiple projects is under way via hiring commencing, diggers breaking ground, cranes sprouting across city skylines, and landscapes transforming. Biden should emulate the success of the New Dealers in using infrastructural initiatives to demonstrate to Americans of all kinds that the federal government was working on their behalf. He doesn’t have a lot of time. He’d help his cause by finding and unleashing his own Harry Hopkins, the irrepressible New Deal administrator who was brilliant at cutting through red tape and moving major infrastructural projects from blueprint to reality.There will be challenges galore: completing environmental impact studies in a timely manner, pushing projects through the country’s balky federal system, honoring principles of diversity in issuing contracts while also overcoming labor shortages stemming from the “great resignation”, to name only a few. But this is also Biden’s opportunity to show that he, not Trump, is the man who knows how to make American great again. The passage of the infrastructure bill opens a path to victory in 2022.
      Gary Gerstle is Mellon Professor of American history at Cambridge and is writing The Rise and Fall of the Neoliberal Order (2022). He is a Guardian US columnist.
      TopicsBiden administrationOpinionUS domestic policyUS politicsJoe BidenUS economycommentReuse this content More

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      Republicans slam Biden vaccine rule for businesses as health groups defend it

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      US newsRepublicans slam Biden vaccine rule for businesses as health groups defend itDivided reaction to mandate requiring that large companies either vaccinate staff or administer tests mirrors vaccine rollout in US Eric BergerMon 8 Nov 2021 05.00 ESTLast modified on Mon 8 Nov 2021 12.07 ESTBiden administration plans to get US companies with 100 or more workers to vaccinate their staff or bring in regular tests have been welcomed by public health groups but slammed by Republicans and trade groups, who claim government overreach with negative economic consequences.Federal court temporarily blocks Biden’s vaccine mandate for larger businessesRead moreSuch divided reaction to the rules announced last week mirrors much of America’s problematic vaccine rollout, where social and political headwinds have seen vaccination take-up slow down worryingly. US vaccination rates are some of the lowest in industrialized countries where the vaccine is readily available.Subject at least to a temporary stay issued by a circuit court in New Orleans on Saturday, the new rule from the Occupational Safety and Health Administration (Osha) will take effect on 4 January.It requires that large companies either ensure employees have been vaccinated or regularly administer Covid-19 tests and require masks at work for those who refuse to get the shot.The rule will affect an estimated 84 million workers.The Centers for Medicare & Medicaid Services also issued a rule requiring healthcare workers to be vaccinated by the same deadline, with no option for weekly testing rather than vaccination. That will affect 76,000 providers and more than 17 million workers.The administration also extended a deadline for federal contractors to comply with the same sort of rule – vaccination without the testing option – from 8 December to 4 January.“Too many people remain unvaccinated for us to get out of this pandemic for good,” Joe Biden said in a statement.But the rules sparked new backlash from Republican lawmakers and conservative groups who described the measures as unconstitutional. Republican governors or attorneys general in 15 states plan to file lawsuits against the mandate, according to the Associated Press.“This rule is garbage,” South Carolina’s attorney general, Alan Wilson, a Republican, said, according to the AP. “It’s unconstitutional and we will fight it.”Celebrating the Saturday ruling in Louisiana, the state attorney general, Jeff Landry, said: “The president will not impose medical procedures on the American people without the checks and balances afforded by the constitution.”While courts have largely declined to block state and local vaccine mandates, the federal government “has more constraints on it than state and local governments do when it comes to public health and vaccination”, said Lindsay Wiley, a public health law professor at American University.On whether the Osha rule could be overturned, Wiley said: “It’s difficult to predict, in part because the environment has become so politicized.”Plaintiffs could also seek to file lawsuits in circuits with conservative judges appointed by Donald Trump, Wiley said.Lawrence Gostin, a global health law expert at Georgetown Law, tweeted earlier this week that “Biden is on rock-solid legal ground. He’s acting to protect the US workforce and will get us all back to normal sooner.”But groups such as the National Retail Federation (NRF), the country’s largest retail trade group, condemned the Osha rule because they said it places an unreasonable burden on businesses during the holiday season, which for many ventures is the busiest time of the year.The NRF is requesting an extension of the deadlines, though Edwin Egee, a vice-president of the group, did not provide a preferred date.“NRF members have for months taken extraordinary efforts to distribute the vaccine, to incentivize the vaccine. We have been, and will continue to be, very much in favor of the vaccine and its efficacy,” Egee said.Republicans have also warned that the vaccine requirements could cause employees to quit. If faced with a mandate, 11% of the unvaccinated said they would be most likely to get the vaccine and 46% said they would opt for weekly testing, according to an October survey from the Kaiser Family Foundation (KFF). More than a third of unvaccinated workers said they would quit if their employer required them to get a vaccine or get tested weekly. But that amounts to just 5% of all adults in the US.“When we are looking at the bigger picture amongst all adults … it’s a pretty small share of the population,” said Lunna Lopes, senior survey analyst for KFF.There is evidence that workers often opt to get vaccinated rather than lose their jobs. For example, Houston Methodist hospital required 25,000 workers to get a vaccine by 7 June, the Conversation, a non-profit news organization, reported. Before the mandate, about 15% of employees were unvaccinated. By mid-June, that had dropped to 3%.David Michaels, a former Osha chief now a professor of public health at George Washington University, argued the new rules would help businesses who wanted to institute requirements but were constrained by state and local rules or feared litigation.“This actually allows employers to do what they want to do and blame the federal government,” said Michaels, who has advised the Health Action Alliance, a coalition of corporations such as Starbucks and Amazon and non-profits such as the CDC Foundation and the Ad Council aimed at promoting Covid-19 vaccination and prevention.The rules will make the workplaces safer, Michaels said.“The retail industry should give a gift to the American people and start to be supportive of vaccination requirements,” Michaels said. “That’s the only way that we will save lives and return to normalcy. It’s outrageous to ask for an exception to a public health measure.”TopicsUS newsVaccines and immunisationCoronavirusBiden administrationUS politicsUS healthcareUS domestic policynewsReuse this content More

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      Senator behind billionaires tax denounces Elon Musk Twitter poll stunt

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      US taxationSenator behind billionaires tax denounces Elon Musk Twitter poll stuntTesla owner offers to sell 10% of shares – as poll demandsRon Wyden has proposed tax to help fund Biden plans Martin Pengelly in New York@MartinPengellySun 7 Nov 2021 14.19 ESTFirst published on Sun 7 Nov 2021 07.45 ESTAfter Elon Musk asked his Twitter followers to vote on whether he should sell 10% of his Tesla stock, the architect of the proposed billionaires tax that prompted the move dismissed the tweet as a stunt.It’s not all about the culture war – Democrats helped shaft the working class | Robert ReichRead more“Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” said Ron Wyden, an Oregon Democrat and chair of the Senate finance committee. “It’s time for the billionaires income tax.”When the poll closed on Sunday, nearly 3.5 million people had voted: 58% said Musk should sell the Tesla stock and 42% said he should not.Asked for comment, he tweeted: “I was prepared to accept either outcome.”Musk, who also owns SpaceX, was named by Forbes magazine as the first person worth more than $300bn. Reuters calculated that selling 10% of his Tesla shareholding would raise close to $21bn.Wyden has led Democrats pushing for billionaires to pay taxes when stock prices go up even if they do not sell shares, a concept called “unrealised gains”.Proponents of the tax say it would affect about 700 super-rich Americans, who would thus help pay for Joe Biden’s $1.75tn 10-year public spending proposal, which seeks to boost health and social care and to fund initiatives to tackle the climate crisis.Unveiling his proposal last month, Wyden said: “There are two tax codes in America. The first is mandatory for workers who pay taxes out of every paycheck. The second is voluntary for billionaires who defer paying taxes for years, if not indefinitely.“The billionaires income tax would ensure billionaires pay tax every year, just like working Americans. No working person in America thinks it’s right that they pay their taxes and billionaires don’t.”Musk has a history of controversial behaviour on Twitter. Responding to Wyden’s original proposal, he tweeted: “Eventually, they run out of other people’s money and then they come for you.”On Saturday, he said: “Much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?“I will abide by the results of this poll, whichever way it goes. Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.”In one response, the Berkeley economist Gabriel Zucman tweeted: “Looking forward to the day when the richest person in the world paying some tax does not depend on a Twitter poll.”When Wyden introduced his proposed billionaires tax, Chuck Marr of the Center on Budget and Policy Priorities, a nonpartisan think tank, used the example of Jeff Bezos, with Musk a competitor for the title of world’s richest person, to explain how the proposal would work.The Amazon founder, Marr said, would contribute to the federal government on the basis of unrealised gains from his stock holdings, worth around $10bn, rather than a declared salary of around $80,000.Citing a bombshell ProPublica report from June this year which showed how little Bezos, Musk and other super-rich Americans pay into federal coffers, Marr titled his analysis: “Why a billionaires tax makes sense – or why the richest people in the country should pay income taxes as if they were the richest people in the country.”Democrats ‘thank God’ for infrastructure win after state election warningsRead moreThe Biden spending plan Wyden wants to help fund, known as Build Back Better, remains held up in Congress. House centrists are demanding nonpartisan analysis of its costs while centrist senators remain opposed to many of its goals.Democrats are also split over the proposed billionaires tax. Among those opposed is Joe Manchin, the senator from West Virginia who with Kyrsten Sinema of Arizona stands in the way of Build Back Better, wielding tremendous power in a chamber split 50-50 and therefore controlled by the casting vote of Vice-President Kamala Harris.Speaking to reporters in October, Manchin said: “Everybody in this country that has been blessed and prospered should pay a patriotic tax.“If you’re to the point where you can use all of the tax forms to your advantage, and you end up with a zero tax-liability but have had a very, very good life and have had a lot of opportunities, there should be a 15% patriotic tax.”TopicsUS taxationElon MuskUS domestic policyBiden administrationUS SenateUS CongressUS politicsnewsReuse this content More