Despite America’s widening partisan divisions and the slimmest of Democratic margins in Congress, Biden has made good on his promises. The $1.9 trillion American Rescue Plan Act, passed three months after he took office, put money in people’s pockets to boost the economy through the pandemic and delivered $350 billion to states and localities to keep people working and to invest in their local economies. The $1 trillion infrastructure bill funds roads and bridges, clean water, a modern electric grid, and mass transit. Rejecting the neoliberal cardinal rule of government not interfering with the free market, the White House calls the just-passed CHIPs and Science Act “an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.” It includes $280 billion for semiconductor production at home, advanced research into fields like artificial intelligence, and other steps to strengthen our ability to compete for breakthrough technologies. Biden is deservedly taking a victory lap with the passage this month of the Inflation Reduction Act, which, he reiterated, “grows the economy from the bottom up and middle out.” It invests $370 billion in the clean energy sector and gives us a fighting chance of avoiding climate catastrophe. For the first time ever, Congress authorized Medicare to negotiate lower prices with drug companies, a long-overdue use of government power to save both taxpayers and consumers money. A 15 percent minimum corporate tax targets the profitable corporations that pay little or no taxes, taking a sharp U-turn from trickle-down orthodoxy.
PieGG was started with a common goal of serving the finance community while they make transitions. All our team members bring to table their unique expertise and experience of stock market which they would like to pass on to future investors.
Stay Connected
contact
US Office
39843 Cedar Blvd, Newark, CA, 94560, United States
:+1 408 444 7337
info@piegg.com