When Biden Bits was posted for Tuesday, President Biden had tweeted 2 times. He added 8 tweets and 1 retweet giving him a Tuesday Tweeting Total of 10 tweets and 1 retweet.
On Tuesday, President Biden offered remarks on his economic plan and the Congressional Republican plan. The YouTube is 29 minutes and 19 seconds long. His full remarks can be found here.
The following tweets are a mixed bag; direct remark to tweet, semi-related remark to tweet, and the gist of remark to tweet.
The above campaign ad video is 48 seconds long, it features music and written text.
President Biden: My plan is to lower employer [sic] — lower everyday costs for — everyday costs for hardworking families and lower the deficit by asking large corporations and the wealthiest Americans to not engage in price gouging and to pay their fair share in taxes. The Republican plan is to increase taxes on the middle-class families and let billionaires and large companies off the hook as they raise profit and — raise prices and reap profits at record number — record amounts. And it’s really that simple.
President Biden: Their plan is to raise taxes on 75 million American families, over 95 percent of whom make less than $100,000 a year, total income. The average tax increase would be about $1,500 per family.
President Biden: They’ve got it backwards, in my view. I’ve proposed a minimum tax for billionaires. In recent years, the average billionaire has paid about 8 percent in federal taxes. Congressional Republicans have proposed increasing taxes on teachers and firefighters.
The bottom line is this: There are two paths, reflecting two very different sets of values.
— President Biden (@POTUS) May 10, 2022
My plan attacks inflation and grows our economy by:
— President Biden (@POTUS) May 10, 2022
– Lowering costs for working families
– Giving workers a well-deserved raise
– Reducing the deficit by historic levels
– Making big corporations and the wealthiest Americans pay their fair share
The ultra-MAGA plan put forward by Congressional Republicans will:
— President Biden (@POTUS) May 10, 2022
– Raise taxes on working families
– Lower the incomes of workers
– Threaten Social Security, Medicare, and Medicaid
– Give big corporations and billionaires break after break
President Biden: Look, the bottom line is this: Americans have a choice right now between two paths, reflecting two very different sets of values. My plan attacks inflation and grows the economy by lowering costs for working families, giving workers well-deserved raises, reducing the deficit by historic levels, and making big corporations and the very wealthiest Americans pay their fair share.
President Biden: The other path is the ultra-MAGA plan put forward by congressional Republicans to raise taxes on working families; lower the incomes of American workers; threaten the sacred programs Americans count on like Social Security, Medicare, and Medicaid; and give break after break to big corporations and billionaires — just like they did the last time they held power when their top priority was a reckless $2 trillion tax cut going — the majority of that going to the very wealthiest Americans, which ballooned the deficit, and not a penny of it was paid for.
President Biden: I happen to think it’s a good thing when American families have a little more money in their pockets at the end of the month. But Republicans in Congress don’t seem to think so. Their plan has actually made working families — is going to make working families poorer.
The pool spray prior to their meeting YouTube video is 5 minutes and 4 seconds long. Their full remarks can be found here.
The White House posted the following joint read-out:
President Joseph R. Biden, Jr. of the United States and Prime Minister Mario Draghi of Italy met today at the White House. The leaders reaffirmed the strong and broad U.S.-Italian partnership reflected in the deep and enduring ties between our people and our countries, of which our alliance through NATO and the U.S. partnership with the EU are critical components. They discussed recent developments in Russia’s unprovoked and unjustified war in Ukraine. They underscored their continued commitment to pursuing peace by supporting Ukraine and imposing costs on Russia. In the face of the global economic challenges created by Russia’s actions, they discussed measures aimed at fostering food security and reshaping global energy markets. They committed to maintaining their work together on global crises from COVID-19 to climate change, as well as to continuing their cooperation on shared foreign policy challenges, including China and Libya. The leaders looked forward to further discussions at the G-7 Summit and NATO Summit in June.
White House.gov. 05/10/2022.
For Wednesday, May 11th, 2022, President has departed the White House to travel to Kankakee, Illinois. This afternoon President Biden will tour a family farm. After the tour President Biden will offer remarks on; Putin’s Price Hike and his Administration’s actions to support farmers and food processors, lower their costs and lower prices for families. This evening President Biden will address the; 40th International Brotherhood of Electrical Workers (IBEW) International Convention. After his remarks President Biden will participate in a fundraising reception for the DNC.
The White House posted the following fact-sheet; President Biden Announces New Actions to Address Putin’s Price Hike, Make Food More Affordable, and Lower Costs for Farmers
Pandemic-related supply chain disruptions and Putin’s Price Hike are increasing the price of food for working families here at home and leading to shortages of food in countries across the globe. Today, President Biden will visit a family farm to announce actions his administration is taking to support American farmers, reduce food prices, and feed the world.
Putin’s unjustified invasion of Ukraine has cut off a critical source of wheat, corn, barley, oilseeds, and cooking oil. It has also disrupted global supply chains for fertilizer, which farmers depend on to maximize yields. These and other actions, combined with the ongoing pandemic-related disruptions to global supply chains, have put pressure on food prices, with global food prices increasing nearly 13 percent following Putin’s invasion.
America’s farmers are the breadbasket of democracy and are already playing a critical role in the fight against Putin’s Price Hike. During President Biden’s first year in office, American agricultural exports shattered all previous records, reaching a combined $177 billion, generating an estimated $378 billion in total economic output, and supporting 1.3 million jobs here in the United States.
Last month, the President mobilized American farmers to fuel America when he announced that his Administration would allow E15 gasoline—gasoline that uses a 15 percent ethanol blend—to be sold this summer.Today, the President is announcing new actions to give farmers the tools and resources they need to boost production, lower food prices and feed the world. As the world’s second largest exporter of wheat and soybeans, these actions will help grow new markets for American-grown food, supporting jobs in rural communities across America. Specifically, the Biden-Harris Administration will:
White House.gov. 05/11/2022.
- Increase the number of counties eligible for double cropping insurance. Double cropping allows farmers to plant a second crop on the same land in the same year, helping boost production without relying on farmers to substitute crops or cultivate new land. But it is not free from risk and some farmers who practice double cropping cannot obtain crop insurance. The Biden-Harris Administration is seeking to expand insurance for double cropping to as many as 681 additional counties, bringing the total number of counties where this practice qualifies for crop insurance to as many as 1,935, so more American farmers have the financial security they need to start or expand double cropping.
- Cut costs for farmers by increasing technical assistance for technology-driven “precision agriculture” and other nutrient management tools. Precision agriculture is a farm management system that allows farmers to use technology to target application of inputs to soil and plant needs, resulting in less fertilizer usage without reducing yields, saving farmers money over time and extending the usefulness of critical products in short supply worldwide. The U.S. Department of Agriculture has planning and cost sharing assistance programs available to help American farmers with nutrient management. The Biden-Harris Administration is working to boost outreach to farmers, streamline the application process, and prioritize application approvals to expand access to these critical programs.
- Double funding for domestic fertilizer production. Fertilizer prices have more than doubled since last year, due in part to supply chain disruptions created and exacerbated by Russia’s invasion of Ukraine, including rising energy costs. Today, President Biden is announcing that he is doubling his initial $250 million investment in domestic fertilizer production to $500 million to lower costs and boost availability for farmers, so they can obtain the inputs they need at prices they can afford to maximize yields.
President Biden has tweeted…
President Biden has tweeted 2 time’s so far for Wednesday.
The BLS tweeted:
The PDF says:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment.
Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent over the month as the food at home index rose 1.0 percent. The energy index declined in April after rising in recent months. The index for gasoline fell 6.1 percent over the month, offsetting increases in the indexes for natural gas and electricity.
The index for all items less food and energy rose 0.6 percent in April following a 0.3-percent advance in March. Along with indexes for shelter, airline fares, and new vehicles, the indexes for medical care, recreation, and household furnishings and operations all increased in April. The indexes for apparel, communication, and used cars and trucks all declined over the month.
The all items index increased 8.3 percent for the 12 months ending April, a smaller increase than the 8.5-percent figure for the period ending in March. The all items less food and energy index rose 6.2 percent over the last 12 months. The energy index rose 30.3 percent over the last year, and the food index increased 9.4 percent, the largest 12-month increase since the period ending April 1981.
BLS.gov. 05/11/2022.
President Biden’s full statement:
While it is heartening to see that annual inflation moderated in April, the fact remains that inflation is unacceptably high. As I said yesterday, inflation is a challenge for families across the country and bringing it down is my top economic priority.
This starts with the Federal Reserve, which plays a primary role in fighting inflation in our country. I thank the Senate for confirming Dr. Lisa Cook to the Board of Governors last night, and urge the Senate to confirm my remaining nominees without delay. While I will never interfere with the Fed’s independence, I believe we have built a strong economy and a strong labor market, and I agree with what Chairman Powell said last week that the number one threat to that strength – is inflation. I am confident the Fed will do its job with that in mind.
Beyond the Fed, my inflation plan is focused on lowering the costs that families face and lowering the federal deficit. Already this week, my Administration has announced new steps in partnership with the private sector to lower the price of high speed internet for tens of millions of Americans. And, the Congressional Budget Office reported that the federal budget deficit in the first seven months of this fiscal year fell by $1.5 trillion—putting us on track for the most deficit reduction in any year on record. The CBO also confirmed that the budget deficit so far this year is lower than it was during the same period in 2019, before the pandemic began. Today, I am traveling to Illinois to speak with farmers about more we can do to lower their costs and help them produce more, lowering the price of food for Americans and around the world. All of this is progress, but the fight against global supply chain issues related to the pandemic and Putin’s price hike will continue every day.
Congressional Republicans talk about inflation, but their only plan is to raise taxes on working families, taking even more money out of their pockets. If they are serious about inflation, they should send me the bipartisan innovation bill to bolster our supply chains and make more in America, along with legislation that cuts costs and the cuts the deficit, reducing families’ prescription drug and utility bills and restoring fairness to our tax code. We’ve made enormous progress in getting our economy back on track, and these measures would help us sustain this progress and bring prices down for families.
White House.gov. 05/11/2022.
From yesterday’s remarks posted above:
President Biden: Look, I want to give Medicare the power to negotiate drug prices, to make it stronger and lower your costs. Republicans in Conre- [sic] want to make — in Congress want to put Medicare’s very existence up for a vote over and over again, along with Social Security and Medicaid.
If you’d like more info on the “Republican” plan (it’s not really a plan, it’s more like talking points) you can read Lady Snark who we are lucky to have, who covered the “plan” back in February.
There is also some Twitter debate about how much the “plan” lacks support of the Republicans. While sort of true…
It’s also sort of true, that Republicans have in fact praised the 11-point bullshit that would raise everyone’s taxes, and create a cluster-fuck by suggesting our Congress is fit enough to review legislation every five-years to re-up that legislation.
The daily press briefing was scheduled for 11:15 a.m. D.C., time. It’s now 11:40 a.m. D.C., time and the press gaggle held on Air Force One has not started. So, it will either be in progress, concluded, or not started yet, by post time.
President Biden’s remarks are scheduled for 2:15 p.m. D.C., time. That’s 1:15 p.m. local time.
President Biden’s address is scheduled for 5:00 p.m. D.C., time. That’s 4:00 p.m. local time.
This is an Open Thread.
