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Biden CAVES on corporate tax hikes, offers to keep 2017 cuts and proposes minimum rate of 15%



President Joe Biden put forward a $6 trillion budget proposal for Fiscal Year 2022 to pay for his Americans Jobs Plan, American Families Plan and other investments. The budget request for his jobs plan, which focuses on investment in real infrastructure, could go down as he continues to negotiate with Republicans.  

AMERICAN JOBS PLAN 

Fix Highways, Rebuild Bridges, Upgrade Ports, Airports, and Transit Systems 

The President’s plan will modernize 20,000 miles of highways, roads, and main-streets. It will fix the ten most economically significant bridges in the Nation in need of reconstruction. It also will repair the worst 10,000 smaller bridges, providing critical linkages to communities. And, it will replace thousands of buses and rail cars, repair hundreds of stations, renew airports, modernize Ports of Entry and expand transit and rail into new communities. 

Deliver Clean Drinking Water, A Renewed Electric Grid, and High-Speed Broadband to All Americans

The President’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of the Nation’s children and communities of color. It will put hundreds of thousands of people to work laying thousands of miles of transmission lines and capping hundreds of thousands of orphan oil and gas wells and abandoned mines. And, it will bring affordable, reliable, high-speed broadband to every American, including the more than 35 percent of rural Americans who lack access to broadband at minimally acceptable speeds. 

Build, Preserve, and Retrofit More Than Two Million Homes and Commercial Buildings, Modernize Our Nation’s Schools and Child Care Facilities, and Upgrade Veterans’ Hospitals and Federal Buildings

The President’s plan will create good jobs building, rehabilitating, and retrofitting affordable, accessible, energy efficient, and resilient housing, commercial buildings, schools, community colleges, and child care facilities all over the Nation, while also vastly improving the Nation’s Federal facilities, especially those that serve veterans

Solidify the Infrastructure of Our Care Economy by Creating Jobs and Raising Wages and Benefits for Essential Home Care Workers

 These workers–the majority of whom are women of color—have been underpaid and undervalued for too long. The President’s plan makes substantial investments in the infrastructure of our care economy, starting by creating new and better jobs for caregiving workers. It also provides home- and community-based care for older people and people with disabilities who would otherwise have to wait years to get services they need. 

Revitalize Manufacturing, Secure U.S. Supply Chains, Invest in R&D, and Train Americans for the Jobs of the Future

The President’s plan will ensure that the best, diverse minds in America are put to work creating the innovations of the future while creating hundreds of thousands of quality jobs today. Our workers will build and make things in every part of America, and they will be trained for well-paying, middle-class jobs using evidence-based approaches such as sector-based training and apprenticeship. 

THE AMERICAN FAMILIES PLAN

Add at Least Four Years of Free Education

The American Families Plan will provide universal, high-quality preschool to all three- and four- year-olds. It will provide Americans two years of free community college. It will invest in making college more affordable for low- and middle-income students, including students at Historically Black Colleges and Universities (HBCUs), Tribal Colleges and Universities (TCUs), and minority-serving institutions (MSIs) such as Hispanic-serving institutions and Asian American and Native American Pacific Islanderserving institutions. It will increase the Pell Grant by $1,475, alongside an additional $400 increase in the Budget, for the largest one-time increase in the grant’s history. And, it will invest in our teachers as well as our students, improving teacher training and support so that our schools become engines of growth at every level. 

Provide Direct Support to Children and Families

 The American Families Plan will provide direct support to families to ensure that low- and middle-income families spend no more than seven percent of their income on child care, and that the child care they access is of high-quality. It will also provide direct support to workers and families by creating a national comprehensive paid family and medical leave program that will bring the American system in line with competitor nations that offer paid leave programs. And, the plan will provide critical nutrition 

Extend Tax Cuts for Families with Children and American Workers

The American Families Plan will extend key tax cuts in the American Rescue Plan that benefit lower- and middle-income workers and families, including the expansions of the Child Tax Credit, the Earned Income Tax Credit, and the Child and Dependent Care Tax Credit. 

Strengthening Health Care

The American Families Plan will also extend the expanded health insurance tax credits in the American Rescue Plan. These improvements are lowering premiums for 9 million current enrollees by an average of $50 per person per month and making them permanent will let an estimated four million uninsured people gain coverage. The American Families Plan also makes historic investments to improve maternal health and reduce maternal mortality. The Plan will also support the families of veterans receiving health care services. 

REINVESTING IN THE FOUNDATIONS OF OUR NATION’S STRENGTH  

Makes Historic Investments in High-Poverty Schools 

The Budget proposes a historic $36.5 billion investment in Title I schools, a $20 billion increase from the 2021 enacted level. This investment would provide historically under-resourced schools with the funding needed to deliver a high-quality education to all of their students. 

Launches Advanced Research Projects Agency for Health (ARPA-H). The Budget includes a major investment of $6.5 billion to launch ARPA-H, which would provide significant increases in direct Federal research and development spending in health. With an initial focus on cancer and other diseases such as diabetes and Alzheimer’s, this major investment in Federal research and development would drive transformational innovation in health research and speed application and implementation of health breakthroughs. 

Improves Readiness for Future Public Health Crises

 The Budget includes $8.7 billion in discretionary funding for the Centers for Disease Control and Prevention (CDC)—the largest budget authority increase in nearly two decades—to restore capacity at the world’s preeminent public health agency and rebuild international capacity to detect, prepare for, and respond to emerging global threats. 

Makes a Major Investment to Help End the Opioid Epidemic

The Budget includes a historic investment of $10.7 billion in discretionary funding in the Department of Health and Human Services, an increase of $3.9 billion over the 2021 enacted level, to support research, prevention, treatment, and recovery support services, with targeted investments to support populations with unique needs, including Native Americans, older Americans, and rural populations. The Budget also includes $621 million specific to the Department of Veterans Affair’s Opioid Prevention and Treatment programs. 

Invests in Tackling the Climate Crisis

  The Budget includes major new climate change investments—an increase of more than $14 billion compared to 2021—across nearly every agency to: restore the critical capacity needed to carry out their core functions and to take a whole-of-government approach to tackling climate change; secure environmental justice for communities that have been left behind through the largest direct investment in environmental justice in history; and help developing countries reduce emissions and adapt to climate change. • 

Combats the Gun Violence Public Health Epidemic

The Budget includes $2.1 billion, an increase of $232 million above the 2021 enacted level, for DOJ to address the gun violence public health crisis plaguing communities across the Nation. This level supports existing programs to improve background check systems and invests in new programs to incentivize state adoption of gun licensing laws and establish voluntary gun buyback pilot programs. Combined, the requests for DOJ and Department of Health and Human Services (HHS) include $200 million to support a new Community Violence Intervention initiative to implement evidence-based community violence interventions locally. This funding is an addition to the American Jobs Plan’s $5 billion over eight years investment in community violence interventions to address the increase in homicides disproportionately affecting Black and brown Americans

Extends Housing Vouchers and Helps End Homelessness

The Budget proposes to provide $30.4 billion for Housing Choice Vouchers, expanding vital housing assistance to 200,000 more families, with a focus on those who are homeless or fleeing domestic violence. The Budget also builds on important provisions included in the American Rescue Plan Act of 2021 by providing a $500 million increase for Homeless Assistance Grants to support more than 100,000 households—including survivors of domestic violence and homeless youth, helping prevent and reduce homelessness. 

Invests in Civil Rights Offices Across Government

 The Budget supports significant increases for civil rights offices and activities across Federal agencies to ensure that the Nation’s laws are enforced fairly and equitably. • Invests in Efforts to End Gender-Based Violence. The Budget includes a historic investment of $1 billion in total funding for DOJ Violence Against Women Act programs, nearly double the 2021 level, including funding for new programs. In addition, the request provides funding at HHS for domestic violence hotlines and for cash assistance, medical support and services, and emergency shelters for survivors.

Advances Efforts to Build a Fair, Orderly, and Humane Immigration System

 The Budget proposes the resources necessary to fulfill the President’s commitment to rebuild the Nation’s badly damaged refugee admissions program and support up to 125,000 admissions in 2022. The Budget would also revitalize U.S. leadership in Central America to address the root causes of irregular migration, providing $861 million in assistance to the region. The Budget provides $345 million for the United States Citizenship and Immigration Services to adjudicate naturalization and asylum cases of those who have been waiting for years. And it increases the budget of the Executive Office for Immigration Review by 21 percent to $891 million to reduce court backlogs by hiring 100 new immigration judges and support teams.

Upholds Our Trust Responsibility to Tribal Nations

To begin redressing long-standing, stark inequities experienced by American Indians and Alaska Natives, the Budget proposes to dramatically increase funding for the Indian Health Service (IHS) by $2.2 billion and provides $900 million to fund tribal efforts to expand affordable housing, improve housing conditions and infrastructure, and increase economic opportunities for low-income families. The Budget also includes an increase of more than $450 million to facilitate climate mitigation, resilience, adaptation, and environmental justice projects in Indian Country, including investment to begin the process of transitioning tribal colleges in the country to renewable energy. 



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