Friday March 12, it was a party in the rose garden of the White House. Joe Biden was celebrating the passing of his $ 1.9 trillion (around 1.6 trillion euros) support plan and everyone was so great that it was especially boring. No Republican had been invited. It must be said that this party had done everything to frustrate or delay the plan, including by imposing on the Senate, for more than ten hours, the reading aloud of 628 pages of which the poetic scope was limited.
Between two armfuls of compliments to the Democrats without whom nothing would have been possible, the president seized the opportunity to say all the bad things he thought of the trickle-down theory which wants that the reduction of the taxes of the richest benefits all the economy and in fine to the most disadvantaged classes. His plan, conceived as a massive watering of low incomes, methodically takes the opposite view.
“We’ve seen time and time again that these spinoffs don’t work. This is the first time that we can, since the administration [de Lyndon] Johnson [1963-1969] and maybe even before that start paradigm shift “, assured Joe Biden, while the pandemic has widened already glaring social inequalities. “This time it’s time to build an economy that grows from the bottom up”, he added.
The Tax Policy Center, a non-partisan Washington think tank, has highlighted the contrast between the Biden plan and Donald Trump’s tax reform adopted by Republican voices alone in 2017. The former massively benefits the poorest while the second only benefited them at the margin, without this preventing the former president from presenting himself as the champion of “Forgotten”, even with some success.
“Protect the American people”
The watering involving the watering can, the time is at the federal state. In 1996, Democrat Bill Clinton had recorded the ideological defeat of his camp by ensuring that “The era of“ big government ”” was “Gone”. With its distant successor, there is no longer any question of having as its sole objective its atrophy and the deprivation of the fiscal resources that make it work. The federal state is not “A foreign force installed in a distant capital, it is all about us”, assures Joe Biden, the coronavirus having highlighted ” [sa] most important function: to protect the American people ”.
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