Biden Bits: This Budget…My Budget…

Biden Tweets Logo. Image by Lenny Ghoul.

It’s Tuesday.

When Biden Bits was posted for Monday, President Biden had tweeted 1 time. He added 16 tweets and 1 retweet giving him a Monday Tweeting Total of 17 tweets and 1 retweet…

The YouTube is 25 minutes and 56 seconds long. His full remarks can be found here.

President Biden: You know, you’ve heard me say this before over the years: My dad had an expression.  He said, “Don’t tell me what you value.  Show me your budget, and I’ll tell you what you value.”  “Don’t tell me what you value.  Show me your budget, and I’ll tell you what you value.” Well, the budget I’m releasing today sends a clear message to the American people that we — what we value.  First, fiscal responsibility.  Second, safety and security.  And thirdly, the inv- — (clears throat) — excuse me — the investments needed to build a better America. 

President Biden: Last year, we cut the deficit by more than $350 billion.   This year we’re on track to cut the deficit by more than 1 trillion 300 billion dollars.  One trillion three hundred billion dollars.  That would be the largest one-year reduction in the deficit in U.S. history. 

President Biden: Compared to 2020, we’re reducing the size of the deficit relative to our economy by almost two-thirds, reducing inflationary pressures and making real headway cleaning up the fiscal mess I inherited. After my president’s — my — excuse me — my predecessor’s fiscal mismanagement, we’re reducing the Trump deficits and returning our fiscal house to order.

President Biden: We can also restore fiscal responsibility.  The Trump tax cuts added $2 trillion in deficit spending and largely helped the rich and the largest corporations.  Under my plan, as I said, no one making less than $400,000 a year will pay an additional single penny in taxes.  No one.  If you don’t make 400 grand, you’re not going to pay a single penny in additional federal taxes.

President Biden: And the wealthy and corporations will finally begin to pay their fair share.  For most Americans, the last few years were very hard, stretching them to the breaking point.  But billionaires and large corporations got richer than ever.  Right now, billionaires pay an average rate of 8 percent on their total income.  Eight percent — that’s the average they pay. Now, I’m a capitalist, but just — I want — if you make a billion bucks, great.  Just pay your fair share.  Pay a little bit.  A firefighter and a teacher pay more than double — double the tax rate that a billionaire pays.  That’s not right.  That’s not fair.  And my budget contains a “Billionaire Minimum Tax” because of that.  A 20 percent minimum tax that applies only to the top one-hundredth of 1 percent.  One-hundredth of 1 percent of the Americans will pay this tax. 

President Biden: As I said, my budget also ensures that corporations pay their fair share.  In 2020, there were 50 Fortune 500 companies that made $40 billion in profit combined but didn’t pay a single, solitary cent in federal taxes.  My budget raises the corporate tax rate to 28 percent, far lower than the rate it was between World War Two and 2017, when it was lowered — as of today. 

President Biden: My budget lowers family energy costs with tax credits to help people make their homes more efficient, research and development to broaden the reach of solar and build a clean energy future. 

President Biden: The budget puts more police on the street for community policing so they get to know the community they’re policing; allows the Bureau of Alcohol, Tobacco, and Firearms and the FBI to hire the agents they need to help fight gun crime and other violent crimes in our communities; and funds body cameras and makes sure police work with our local communities and are accountable to these communities. It funds crime prevention and community violence intervention, drug treatment, mental health, criminal justice reform, and reentry for people coming home after incarceration.  All demonstrable ways to reduce crime — and  proven ways.

President Biden: Security also means national and international security.  This budget provides the resources we need to keep Americans safe, ensuring that our military remains the best-prepared, best-trained, best-equipped military in the world. 

President Biden: Let’s provide universal preschool, cap the cost of childcare at 7 percent of a family’s income.  Like many families, that would cut the cost of childcare in half. 

President Biden: Let’s make — and it’ll make college more affordable.  My budget doubles the maximum Pell Grant to pe- — families making under $50,000 a year — to nearly $13,000.  And it helps more than 8 million students who rely on Pell Grants pay for college. 

President Biden:  My budget invests in building more homes to keep us up — to deal with the skyrocketing cost of housing for the middle class and the poor.

President Biden: My budget also invests in other areas of bipartisan common good — I call them “unity agendas;” I spoke to them at the State of the Union — beating the opio- — the opioid epidemic, taking on challenges of mental health, supporting our veterans, and ending cancer as we know it. 

President Biden: And here’s what this all adds up to: historic deficit reduction, historic investments in our security at home and abroad by modernizing our capabilities in both areas, and an unprecedented commitment to building an economy where everyone has a chance to succeed — a plan to pay for those investments that we need as a nation.  That’s what we do.

Yesterday, Governor Ron DeSantis signed into law the “Parental Rights in Education bill” aka the “Don’t Say Gay bill”–aka the “Anti-Groomer bill”.

I’ve made my views on this bill well known–it’s terribly written and offers little protection to both parents or students and it most certainly doesn’t help teachers.

For sure though the bill will be challenged in court in the coming days, weeks, and months.

Ironically, he had children posing behind him as he signed the terribly written bill into law. A bill he can’t discuss with those very children.

For Tuesday, March 29th, 2022, President Biden has received his daily brief. This morning President Biden welcomes the Prime Minister of Singapore Lee Hsien Loong, to the White House. This afternoon the President and the Prime Minister will offer a joint-statement. Following his meeting the PM, President Biden will pay his respects to Congressman Don Young, as he lies in State. The President and Vice President will offer remarks ahead of President Biden signing into law H.R. 55, the “Emmett Till Antilynching Act.

The White House published a background press call previewing the visit of Prime Minister Lee of Singapore:

SENIOR ADMINISTRATION OFFICIAL:  Great, thank you very much.  And thank you all for joining.

We are very, very happy that tomorrow Prime Minister of Singapore Lee Hsien Loong will come to the White House to meet with the President and also, separately, with the Vice President.

He arrived in Washington over the weekend and, I believe, had a number of meetings today and will be doing other meetings over the course of the next few days.

We are very happy about this because we believe that the U.S.-Singapore Strategic Partnership is extremely strong and extremely valuable to both countries, and has supported peace and prosperity throughout the Indo-Pacific for many years.

Our two countries share strong security, economic, and people-to-people ties.  And the President looks forward to continue deepening those ties, which we feel are very much in the interests of both of our countries.

The President and Prime Minister Lee will be meeting at a very critical time, one in which the rules-based international order faces unprecedented challenge.  And I think it’s obviously shaped by Russia’s unprovoked and unjustifiable war against Ukraine, which poses an urgent threat not only for Europe but also for the Indo-Pacific.

From the Atlantic to the Pacific, we must all redouble efforts to support Ukraine and preserve a world in which borders cannot be changed by force. 

At this trying time, we have great respect for all Singapore has done to support the people of Ukraine, including sanctions and export controls against Russia.  And I note that this is a very significant development and one that we deeply appreciate and which highlights what we see as a broader theme, which is countries in the Indo-Pacific stepping up to support the international rules-based order through taking meaningful actions with respect to Ukraine and Russia.

However, even as we address Putin’s war of choice against Ukraine, the United States remains a proud Indo-Pacific nation.  And we will work closely with Singapore and other partners to implement our Indo-Pacific strategy and realize our shared vision of a free and open Indo-Pacific that is more connected, more prosperous, more secure, and more resilient.

As I’m sure all of you know, last August, Vice President Harris traveled to Singapore and broke new ground on a range of key issues.  And this followed the visit to Singapore by Defense Secretary Austin.  And we’ve obviously had a number of other senior visits, including by Commerce Secretary Raimondo and Deputy Secretary Sherman.

I think that what we see is a continued role for our two countries to deepen and strengthen our cooperation, to address climate change, cooperate on space and cyber threats, promote inclusive growth and innovation, as well as resilient supply chains, looking for ways in which we can further cooperate on fighting COVID-19, preparing for the next pandemic, facing common security challenges, and deepening people-to-people ties.

President Biden and Prime Minister Lee will review progress on those lines of efforts and continue to build stronger cooperation in these areas.

The President and Prime Minister will also discuss Russia’s war against Ukraine, our shared interest in elevating U.S.-ASEAN relations, upholding freedom of the seas, and promoting a return to democracy in Burma.

And then following the President’s meeting with Prime Minister Lee, the Vice President will host him for a bilateral meeting at the White House. 

We believe our strong partnership with Singapore has important benefits for the American people, including strong support for security in the Indo-Pacific, as well as strengthening and reinforcing our shared commitment to a fair, rules-based economic and security order in the Indo-Pacific region.

So, I think that, you know, from our standpoint, this is very significant.  Prime Minister Lee, as all of you know, is very experienced and has been a strong supporter of U.S. engagement in the region.  We value very much his advice. 

And the President and the Prime Minister have a long relationship and last saw each other in Rome on the margins of the G20.  And I think that we are looking forward to a very, very good conversation that really finds ways to further our common interests.

[the official says he’s ready to take questions but adds a note]:

I would note that there is some interest in the issue of the U.S.-ASEAN Summit.  And, you know, I’m sure many of you have followed that it has been postponed.  We’re still working with ASEAN on finding appropriate dates and look forward to continuing to make progress on that.

White House.gov. 03/29/2022.

H.R. 55, Emmett Till Antilynching Act summary: This bill makes lynching a federal hate crime offense. Specifically, the bill imposes criminal penalties—a fine, a prison term of up to 30 years, or both—on an individual who conspires to commit a hate crime offense that results in death or serious bodily injury or that includes kidnapping or an attempt to kidnap, aggravated sexual abuse or an attempt to commit aggravated sexual abuse, or an attempt to kill.

The bill passed the House on February, 28th, 2022; Yea’s 422, Nay’s 3, and 8 Congresspeeps did not vote: 1 Democratic Rep. and 7 Republican Rep’s.

The bill passed the Senate on March, 7th, 2022, by Unanimous Consent.

President Biden has tweeted 1 time so far for Tuesday: 

President Biden and Prime Minister Lee Hsien Loong are expected to speak at 12:45 p.m. D.C., time.

The daily brief is scheduled for 3:00 p.m. D.C., time. Taking the podium today, is Director of Communications Kate Bedingfield.

President Biden and Vice President Harris are scheduled to speak at 4:00 p.m. D.C., time.

This is an open thread

Programming note: I believe the below CBS News YouTube will include President Biden’s visit to pay his respects. It’s a big “maybe.”

UPDATE: It ended after I posted. So. There is currently nothing via YouTube to share of President Biden paying his respects to Don Young.

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About Tiff 2654 Articles
Member of the Free Press who is politically homeless and a political junkie.