Biden’s New Framework

Posted on AllSides October 29th, 2021

“President Joe Biden announced Thursday that he and Democrats in Congress have reached a ‘historic’ framework for his sweeping domestic policy package… He’s now pressing for a still-robust package — $1.75 trillion of social services and climate change programs — that the White House believes can pass the 50-50 Senate.” (AP News)

The new framework includes:

$555 billion in clean energy tax credits

1% tax on corporate stock buybacks

15% minimum tax on corporate profits of U.S. companies with over $1 billion in profits

Free preschool for 3- and 4-year-olds...

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