Friday, May 3

Tag: biden

Echoing A History Of Calls For Companies To Chip In When Times Are Tough, Biden Wants Corporations To Pay For His $2 Trillion Infrastructure Plans
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BUSINESS

Echoing A History Of Calls For Companies To Chip In When Times Are Tough, Biden Wants Corporations To Pay For His $2 Trillion Infrastructure Plans

President Joe Biden just proposed a roughly US$2 trillion infrastructure plan, which he ambitiously compared to the interstate highway system and the space race. He aims to pay for it solely by taxing companies more, including the first increase in the corporate tax rate since the 1960s. Biden said he wants to increase the rate from 21% to 28% – which would still be below the 35% level it was at before the 2017 tax cut – and strengthen the global minimum tax to discourage multinational corporations from using tax havens. Together, he estimates it would raise the necessary funds to finance his plan over 15 years. “No one should be able to complain about” raising the rate to 28%, Biden said in a speech announcing the plan. “It’s still lower than what that rate was between World War II and ...
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A July 4th With Much Greater Freedom From COVID-19: 4 Steps To Reaching Biden’s Goal
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COVID-19

A July 4th With Much Greater Freedom From COVID-19: 4 Steps To Reaching Biden’s Goal

President Joe Biden set a goal for the U.S. to have COVID-19 under enough control by summer that Americans can celebrate July 4th with family and friends, at least in small gatherings. Important in achieving this goal is another presidential request: that all U.S. adults be made eligible for COVID-19 vaccinations by May 1. We are public health deans who lead a variety of COVID-19 response efforts and are involved in public policy discussions. At a time when the nation is weary of hearing “no, you can’t,” we believe that thinking in terms of harm reduction – offering safer but not necessarily risk-free alternatives – is crucial. Harm reduction strategies are in use all around you. Seat belts and air bags are perhaps the most widespread harm reduction strategy for a leading cause of death ...
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According To Economists: Biden’s $1,400 COVID-19 Checks Is Questionable Economics, May Be Great Politics
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BUSINESS, POLITICS

According To Economists: Biden’s $1,400 COVID-19 Checks Is Questionable Economics, May Be Great Politics

The US$1,400 direct checks to people are the most expensive and perhaps most popular part of the $1.9 trillion coronavirus relief package racing its way through Congress right now. The House is set to vote on a final version of the package narrowly passed by the Senate on March 6 before it moves on to President Joe Biden’s desk for his signature. Moderate Senate Democrats, who had voiced concerns about how many people would receive direct payments in the original proposal endorsed by the House, managed to make them more targeted at lower-income households, which means an estimated 17 million fewer people will get a check. The coronavirus package contains a lot of provisions that will help struggling Americans, and we understand why the checks are so popular – with 78% support among adult...
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It’s All A Matter Of Perspective – Support For Biden’s $1.9 Trillion Coronavirus Relief Package May Not Be As Broad As It Seems
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COVID-19, POLITICS

It’s All A Matter Of Perspective – Support For Biden’s $1.9 Trillion Coronavirus Relief Package May Not Be As Broad As It Seems

Congress is on the verge of spending US$1.9 trillion to provide additional coronavirus relief to Americans, including $1,400 direct payments and extended unemployment benefits. Opinion polls show the bill has strong support, even among Republican voters. CC BY-NC-ND But what if you were told that this spending level represents about $15,000 for every household in the U.S.? Would that make you less likely to support it even if you like its provisions? We are accounting professors who research how the presentation of financial information affects individual judgments. Our recent work suggests it would lessen most people’s support for the spending bill. Making sense of big numbers In the Spring 2020 issue of Behavioral Research in Accounting, we published a study investigating whether indiv...
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How The Biden Administration May Help Stem The Loss Of International Students
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EDUCATION

How The Biden Administration May Help Stem The Loss Of International Students

Over the past four years, the Trump administration made it increasingly difficult for students from other countries to study in the United States. In 2017, the number of new international students enrolled at American colleges and universities – that is, those just coming to the U.S. for the first time – declined for the first year on record. Restrictive immigration policies, frayed relations with foreign nations and travel bans all contributed to further drops in new enrollment over each of the following years of Trump’s presidency. President Joe Biden’s election signals a new day for international education. This is evident based on a slew of Biden’s executive orders, many of which revoked immigration and travel restrictions imposed by the Trump administration. Additionally, Biden sent...
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An Expert Says Yes Biden Can Fix The Vaccine Mess
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HEALTH & WELLNESS, VIDEO REELS

An Expert Says Yes Biden Can Fix The Vaccine Mess

When President Joe Biden was sworn in on Jan. 20, he inherited the raging COVID-19 pandemic, one of the most difficult crises any incoming president has ever faced. More than 400,000 Americans have died from the coronavirus, and tens of thousands more will likely die before the virus is brought under control. Vaccines are the ultimate solution for the COVID-19 crisis. If enough people are vaccinated, and the virus remains sufficiently stable, the country can hope to achieve control over the virus and people can hope to get back to something like normal life. We’re still a long way from that, however. While estimates vary, scientists believe that we will need to vaccinate about 240 million people, which represents about 70% of the U.S. population, to achieve that kind of control. As an ex...
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Biden Revives Plan To Put A Black Woman Of Faith On The $20 Bill
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Religion

Biden Revives Plan To Put A Black Woman Of Faith On The $20 Bill

The Biden administration has revived a plan to put Harriet Tubman on the US$20 bill after Donald Trump’s Treasury secretary delayed the move. That’s encouraging news to the millions of people who have expressed support for putting her face on the bill. But many still aren’t familiar with the story of Tubman’s life, which was chronicled in a 2019 film, “Harriet.” Harriet Tubman worked as a slave, spy and eventually an abolitionist. What I find most fascinating, as a historian of American slavery, is how her belief in God helped Tubman remain fearless, even when she came face to face with many challenges. Tubman’s early life Tubman was born Araminta Ross in 1822 on the Eastern Shore of Maryland. When interviewed later in life, Tubman said she started working as a housemaid when she was 5. ...
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Longer-Term Threat To Biden Presidency Armed Groups From Capitol Riot
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Journalism

Longer-Term Threat To Biden Presidency Armed Groups From Capitol Riot

Details continue to emerge about the Jan. 6 U.S. Capitol incursion. Exactly what happened – including the degree of planning involved and rioters’ possible connections with Capitol police or even members of Congress – may not be known for some time. But there are looming threats of more possible violence, not just in Washington, D.C., but in all 50 state capitals. As a scholar of American militants, I see the groups behind the Jan. 6 events looking beyond Inauguration Day toward broader opposition to the Biden administration. Different groups, different goals Among the insurrectionists were members of various groups with a wide range of generally right-wing views, including neo-Nazis, Proud Boys, Oath Keepers, Three Percenters and militia members. There were also supporters of Donald Trum...
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Biden Will Find It Hard To Undo Trump’s Costly ‘America First’ Trade Policy – Here’s Why
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POLITICS

Biden Will Find It Hard To Undo Trump’s Costly ‘America First’ Trade Policy – Here’s Why

Since becoming president-elect, Joe Biden has signaled that restoring America’s leadership on the world stage is among his highest priorities – an intention aptly demonstrated by his Cabinet picks. Biden’s nominees are “ready to lead the world, not retreat from it,” he said on Nov. 24. “America is back.” Perhaps nowhere is this return more urgent than in trade policy, a topic I follow closely as a scholar of international political economy. Over the past four years, President Donald Trump has ripped up trade deals, launched damaging trade wars and gunked up the workings of international trade organizations. All of this has ceded global economic leadership to China, as we can see from the trade negotiations Beijing recently oversaw with 14 other Asian nations. In November, the countries ...
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Biden’s Energy Plan Can Move The US Forward But Faces Headwinds
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ENVIRONMENT

Biden’s Energy Plan Can Move The US Forward But Faces Headwinds

President-elect Joe Biden calls climate change an existential threat to America’s environment, health, national security and economy, and has promised a clean energy revolution to counter it. Biden has pledged that on his first day in office he will bring the U.S. back into the Paris Climate Agreement. He also is expected to restore numerous environmental protections that the Trump administration has weakened or revoked, and to cancel oil and gas leasing in the Arctic National Wildlife Refuge. Fast electric vehicle charging stations at a rest stop on Interstate 95 in Maryland. Earth and Main/Flickr, CC BY-SA Beyond damage repair, Biden has big plans for American energy. In my view, not all of them are realistic. Yet their actual purpose may be as starting points for negotiation. Based on ...
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