PRESIDENT Joe Biden gave a speech today on his “Build Back Better” agenda and promised not to raise gas prices after a new poll showed his approval plummet to 50.3percent.
During the appearance, the President repeatedly pressed that the newly passed infrastructure bill would not raise gas prices.
He said: “One key thing about the infrastructure bill that just passed the Senate is there are no gas tax increases. No gas tax increases.
“I made that absolutely clear that I would not raise gas taxes, and I’m glad everyone in the Senate seemed to agree with that.”
But included in the bill, which passed the Senate this week, is a pilot program that could see drivers could soon trade paying taxes on gas at the pump for owing the government annual ‘per-mile user fees’.
Everyday drivers and commercial freight drivers from all 50 states, DC and Puerto Rico would have to be enrolled in the voluntary program, the bill text reads, according to the Daily Mail.
It comes as a newly released poll from FiveThirtyEight shows the President’s approval rating drop to 50.3percent, down from 52.7percent in late July.
Read our Joe Biden live blog for the latest news and updates…
BIDEN EXTENDS STUDENT LOAN PAUSE
Joe Biden has extended the pause on student loan payments, but has described this as the “final extension”.
Payments were halted last year after Congress passed the CARES Act and were due to restart in September – but this has now been pushed back until January 31.
Those who have borrowed money do not need to make payments during this time and interest will not be added onto the remaining balance.
INFRASTRUCTURE BILL COULD CHANGE CRYPTO LAW
The Biden administration aims to raise $28billion of the new infrastructure bill’s funds by tightening tax rules around cryptocurrencies.
The provision will require brokers to report gains in a type of 1099 form, in addition to reporting transactions of more than $10,000 to the IRS.
However, this has met with backlash, with crypto advocates urging lawmakers to clarify the current broad definition of a “broker”.
Twitter chief executive Jack Dorsey also tweeted about the bill over the weekend, and said: “Forcing reporting rules on Americans who develop software and hardware, who mine and secure the network, or who run nodes to build resilience and efficiencies, is an impossible ask that will only drive development and operation of this critical technology outside the US.”
DESANTIS MOCKS BIDEN
Speaking at a press conference, Florida Gov. Ron DeSantis continued a theme popular with former President Donald Trump and many Republicans: mocking Biden’s memory.
When asked about the president pretending to not know who he is, DeSantis replied: “I guess I’m not surprised that Biden doesn’t remember me.
“I guess the question is what else has he forgotten?”
BIDEN SIGNS NEW ZERO EMISSIONS ORDER
USA Today reports that the order is part of series of actions the Biden has planned to aim at jump-starting a dramatic shift toward electric vehicles to tackle the climate change crisis.
President Biden signed the order with executives from Ford, GM and Stellantis along with leaders from the United Auto Workers.
“Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the U.S. transition to electric vehicles,” Ford, GM and Stellantis said in a joint statement via USA Today.
NEW INFRASTRUCTURE BILL PASSED
On Tuesday, August 10, 2021, President Biden’s bipartisan $1trillion infrastructure bill was passed.
The bill, which the 100-member chamber passed in a 69-30 vote, will provide vast improvements on transportation systems.
The package breakdown allocates $110billion for roads and bridges, $39billion for public transit systems, and $66billion for railroads.
An additional $55 billion is included in the bill for water and wastewater infrastructure along with billions for electric vehicle charging stations and airports.
BIDEN CONFUSED OBAMA AND TRUMP IN SPEECH
Biden said: “Back in 2009, during the so-called Great Recession, the President asked me to be in charge of managing that piece.
“Then President Trump – excuse me, Freudian slip, that was the last president.
“President Obama, I was vice president. The American auto industry, you remember, was on the rise.”
WAR HERO CALLS BIDEN A ‘D**KHEAD’
War hero Ben McBean has branded US President Joe Biden a “d***head” over his handling of Afghanistan.
Ben, 33, who lost an arm and a leg in Afghanistan, said: “I saw Biden’s comments and I just thought, ‘D***head’.
“You can’t say ‘fend for yourselves’, when you know damned f***ing well they can’t. That’s why we were there. It’s harsh to make out now that they have the resources to beat the Taliban when obviously they never have.
“He’s had enough. He doesn’t care. And it’s just going to be chaos there until it reaches our shores again.”
‘EQUAL CHANCE TO GET AHEAD’
The White House website offers a breakdown of Biden’s plan, conluding with a mission statement for the agenda.
“Together, these plans will rebuild an economy where every American enjoys a fair return for their work and an equal chance to get ahead. An economy more vibrant and more powerful because everybody will be cut in on the deal,” it read.
“I want to make sure that nothing stands in the way of oil price declines leading to lower prices for consumers,” Mr. Biden said from the White House East Room Wednesday.
“So today, my director of the National Economic Council has asked the chair of the Federal Trade Commission to use every available tool to monitor the U.S. gasoline market, and address any illegal conduct that might be contributing to price increases at the pump while the cost of a barrel of oil is going down.”
He continued saying his goal is to bring gas prices to below pre-pandemic levels.
‘HELP IS ON THE WAY’
GOALS FOR BUILD BACK BETTER PLAN
During his remarks given today at the White House, Biden spoke about specific areas he intends to target with his Build Back Better agenda.
These include lowering the costs of child care, elder care, prescription drugs, housing, and more.
WHAT ARE THE THREE PARTS OF BIDEN’S BUILD BACK BETTER PLAN?
Biden’s Build Back Better Plan includes three different parts:
- The American Jobs Plan
- The American Rescue Plan
- The American Families Plan
Biden tells America that he is committing to the country’s recovery reaching “everyone” for years to come.
Biden evokes different economists who believe his Build Back Better plan will not impact inflation to address concerns of the infrastructure bill.
‘NOTHING LIKE PREDECESSOR’
Biden claims that his plan’s tax cuts would be “nothing like his predecessor,” evoking Donald Trump.
In a fake scenario, Biden imagines a two-family household making $85,000 a year with his Build Back Better plan saving that family $5,250.
LOWER FAMILY COSTS
Biden intends to increase child care facilities around the country and reduce costs of this child care for parents.
Biden struggles with the word “prescription” when speaking about lowering drug costs and often saying “prediciton drugs” before correcting himself.
LOWER PRESCRIPTION DRUG COSTS
Biden’s plan intends to love prescription drugs costs and add additional benefits to medicare.
Biden’s Build Back Better program is intending for long term growth and success.
It starts with “investments that will make the economy more productive” which includes lowering “everyday costs” including child care, health care, education, and more.
Biden says we need to make the economy better “for working families in the long run.”
One part of Biden’s new bill is that there are no gas tax increases.
Biden will monitor the US gasoline market to address any illegal conduct.
The third part of Biden’s economic plans involves opening up competition in agricultural business to give Americans more food choices at lower costs.