White House defends infrastructure plan as GOP warns of ' big mistake'

The Washington Times ^ | April 4, 2021 | Seth McLaughlin

[E. Pluribus Unum]

The White House’s top economic adviser on Sunday defended President Biden’s infrastructure plan, saying there is “a long way to go” before the economy returns to a pre-pandemic place and the plan’s investments would help boost growth.

Brian Deese, director of the White House National Economic Council, told “Fox News Sunday” that Mr. Biden’s push to raise the corporate tax rate to generate funds for his $2.25 trillion vision is a reasonable way to find money for the investments.

“This is a responsible way to pay for a significant capital investment, which itself will return multiples in terms of the private investment it will unlock,” Mr. Deese said. “We think it is a reasonable thing to pay for that across time.”

He said “we need to update what we mean by infrastructure for the 21st century.”

“If people have different approaches to that, he is open to doing it,” Mr. Deese said. “The one thing he has been very clear about is he doesn’t believe we should raise taxes on people making less than $400,000 a year, and he doesn’t believe we should fund investments on the backs of working people in the bottom half of the income distribution, many of whom have been hit terribly hard during this COVID crisis.”

Mr. Biden’s proposal, the American Jobs Plan, has a narrow path to passage.

Republicans have signaled they will not support an increase in the corporate tax rate, arguing tax hikes could hurt the economic recovery from the coronavirus, saying the timing couldn’t be worse and would hit workers’ paychecks.

They also have sounded the alarm on the rising national debt.

Sen. Roy Blunt, Missouri Republican, said Sunday that the nation needs more investment in infrastructure.

[E. Pluribus Unum]

The only thing the Democrats are thinking about is stuffing their pockets as fast as they can while the getting is good.

[RC one]

"The one thing he has been very clear about is he doesn’t believe we should raise taxes on people couples making less than $400,000 a year

Fixed it.

[servantboy777]

Monumental fiscal mismanagement. They’re killing our country.

We have $30 Trillion national debt, $162 Trillion in unfunded liabilities...entitlement programs such as medicare, medicaid and social security. Promised benefits that have not been funded. Insane! This is for American citizens.

What happens when these leftist give 30 million illegal aliens amnesty and throw them onto the entitlement system?

With amnesty will come the ability to apply to bring up to four family members here from foreign countries.

Most of these people streaming into this country are dirt poor...so now add them to state/local social welfare programs, schools, hospitals, jails/courts/prisons.

All that rings in my head is...Cloward/Piven strategy. Overload the social welfare programs to cause economic collapse. Then usher in socialism.

[Rurudyne]

Yep.

(Music sting)

Don’t weep, stay asleep America
Land of our insider deals,
There’s castles and clothing and food for us
That now belongs to you

Ev’ry appropriation graft, ev’ry appropriation graft
We want to be billionaires
But there’s something still belonging to you
There’s enough for us to take

When it’s payday June and December too
Or in the winter time or spring
There’ll be profits without end
Ev’ry contractor our kin
And ev’ry appropriation graft

[Soul of the South]

The only thing the Republicans are talking about is taxes. The Democrat base could care less about taxes. The wealthy billionaire and corporate executive donors to the party won’t feel the tax increases. The segment of the Democrat base living on the government teat (academics, teachers, government bureaucrats and welfare recipients) could also care less about taxes.

The winning argument is the details of the plan. People of both parties know the nation desperately needs improved roads, waterways, electric grid, water systems. They see the crumbling infrastructure everyday. The GOP should be screaming that only 5% of the money is going to improve the infrastructure. The rest is going to hire more bureaucrats, increase regulation, provide payoffs to constituency groups, and fund more failed social welfare programs. Call it the “BIG LIE”.

Can’t the GOP hire a decent public relations and marketing firm to spin a story that will resonate with the public? Once again the GOP meekly goes into battle with no battle plan, no winning strategy, and afraid to aggressively attack the opposition. More of the same pathetic behavior I’ve watched since from the day Ronald Reagan walked out of the White House to the inauguration of Donald Trump in January 2017. Yet we keep reelecting these pathetic losers.

[Mariner]

The only thing they are growing is the money supply.

And by various forms of skimming, their own personal wealth and that of their extended circle.

Still, a million dollars at 50 cents on the dollar is a lot of money.

Diluting and skimming. Rome used to do it with their coinage.

[roadcat]

The only thing they are growing is the money supply.

It's a direct tax on us. More money injected into the money supply creates runaway inflation. I was arguing with a liberal neighbor the other day about that. He thinks the government should take care of everyone's needs, and I pointed out that I'm not getting any of the $1.9T stimulus money, so it's a tax on me to pay for people like him. More money supply without actual value backing it dilutes the value and raises inflation for all, which is a tax on us.

[upchuck]

Brian Deese, director of the White House National Economic Council sez:

... he (BuckFiden) doesn’t believe we should fund investments on the backs of working people in the bottom half of the income distribution, many of whom have been hit terribly hard during this COVID crisis.

And yet this is exactly what will happen if the corporate tax is raised to be among the highest in the world. Please see tag below.

The entire BuckFiden administration is just a giant joke.

[cp124]

The FFPP government. Family and Friends Pay to Play government. So when you raise corporations taxes what do they do? They raise prices. Liberals don’t get cause and effect or they do and are evil.