Category Archives: Climate Action

Biden: House Passes Once-In-A-Generation $1.2 Trillion Infrastructure Investment & Jobs Act

The Infrastructure Investment and Jobs Act will upgrade our nation’s airports and ports to strengthen our supply chains and prevent disruptions that have caused inflation. This will improve U.S. competitiveness, create more and better jobs at these hubs, and reduce emissions. © Karen Rubin/news-photos-features.

Upon the House passing the historic, $1.2 trillion bipartisan Infrastructure Investment and Jobs Act, President Joe Biden issued this statement:

Tonight, we took a monumental step forward as a nation.

The United States House of Representatives passed the Infrastructure Investment and Jobs Act, a once-in-generation bipartisan infrastructure bill that will create millions of jobs, turn the climate crisis into an opportunity, and put us on a path to win the economic competition for the 21st Century.

It will create good-paying jobs that can’t be outsourced. Jobs that will transform our transportation system with the most significant investments in passenger and freight rail, roads, bridges, ports, airports, and public transit in generations.

This will make it easier for companies to get goods to market more quickly and reduce supply chain bottlenecks now and for decades to come. This will ease inflationary pressures and lower costs for working families.

The bill will create jobs replacing lead water pipes so every family can drink clean water.

It will make high-speed internet affordable and available everywhere in America.

This bill will make historic and significant strides that take on the climate crisis. It will build out the first-ever national network of electric vehicle charging stations across the country. We will get America off the sidelines on manufacturing solar panels, wind farms, batteries, and electric vehicles to grow these supply chains, reward companies for paying good wages and for sourcing their materials from here in the United States, and allow us to export these products and technologies to the world.

It will also make historic investments in environmental clean-up and remediation, and build up our resilience for the next superstorms, droughts, wildfires, and hurricanes that cost us billions of dollars in damage each year.

I’m also proud that a rule was voted on that will allow for passage of my Build Back Better Act in the House of Representatives the week of November 15th.

The Build Back Better Act will be a once-in-a-generation investment in our people.

It will lower bills for healthcare, child care, elder care, prescription drugs, and preschool. And middle-class families get a tax cut.

This bill is also fiscally responsible, fully paid for, and doesn’t raise the deficit. It does so by making sure the wealthiest Americans and biggest corporations begin to pay their fair share and doesn’t raise taxes a single cent on anyone making less than $400,000 per year. 

I look forward to signing both of these bills into law.

Generations from now, people will look back and know this is when America won the economic competition for the 21st Century.

FACT SHEET:
The Bipartisan Infrastructure Deal

 

Today, Congress passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act), a once-in-a-generation investment in our nation’s infrastructure and competitiveness. For far too long, Washington policymakers have celebrated “infrastructure week” without ever agreeing to build infrastructure. The President promised to work across the aisle to deliver results and rebuild our crumbling infrastructure. After the President put forward his plan to do exactly that and then negotiated a deal with Members of Congress from both parties, this historic legislation is moving to his desk for signature.

This Bipartisan Infrastructure Deal will rebuild America’s roads, bridges and rails, expand access to clean drinking water, ensure every American has access to high-speed internet, tackle the climate crisis, advance environmental justice, and invest in communities that have too often been left behind. The legislation will help ease inflationary pressures and strengthen supply chains by making long overdue improvements for our nation’s ports, airports, rail, and roads. It will drive the creation of good-paying union jobs and grow the economy sustainably and equitably so that everyone gets ahead for decades to come. Combined with the President’s Build Back Framework, it will add on average 1.5 million jobs per year for the next 10 years.
 
This historic legislation will:                               

Deliver clean water to all American families and eliminate the nation’s lead service lines. Currently, up to 10 million American households and 400,000 schools and child care centers lack safe drinking water. The Bipartisan Infrastructure Deal will invest $55 billion to expand access to clean drinking water for households, businesses, schools, and child care centers all across the country. From rural towns to struggling cities, the legislation will invest in water infrastructure and eliminate lead service pipes, including in Tribal Nations and disadvantaged communities that need it most.

Ensure every American has access to reliable high-speed internet. Broadband internet is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. Yet, by one definition, more than 30 million Americans live in areas where there is no broadband infrastructure that provides minimally acceptable speeds – a particular problem in rural communities throughout the country. And, according to the latest OECD data, among 35 countries studied, the United States has the second highest broadband costs. The Bipartisan Infrastructure Deal will deliver $65 billion to help ensure that every American has access to reliable high-speed internet through a historic investment in broadband infrastructure deployment. The legislation will also help lower prices for internet service and help close the digital divide, so that more Americans can afford internet access.
 
Repair and rebuild our roads and bridges with a focus on climate change mitigation, resilience, equity, and safety for all users. In the United States, 1 in 5 miles of highways and major roads, and 45,000 bridges, are in poor condition. The legislation will reauthorize surface transportation programs for five years and invest $110 billion in additional funding to repair our roads and bridges and support major, transformational projects. The Bipartisan Infrastructure Deal makes the single largest investment in repairing and reconstructing our nation’s bridges since the construction of the interstate highway system. It will rebuild the most economically significant bridges in the country as well as thousands of smaller bridges. The legislation also includes the first ever Safe Streets and Roads for All program to support projects to reduce traffic fatalities, which claimed more than 20,000 lives in the first half of 2021.

Improve transportation options for millions of Americans and reduce greenhouse emissions through the largest investment in public transit in U.S. history. America’s public transit infrastructure is inadequate – with a multibillion-dollar repair backlog, representing more than 24,000 buses, 5,000 rail cars, 200 stations, and thousands of miles of track, signals, and power systems in need of replacement. Communities of color are twice as likely to take public transportation and many of these communities lack sufficient public transit options. The transportation sector in the United States is now the largest single source of greenhouse gas emissions. The legislation includes $39 billion of new investment to modernize transit, in addition to continuing the existing transit programs for five years as part of surface transportation reauthorization.  In total, the new investments and reauthorization in the Bipartisan Infrastructure Deal provide $89.9 billion in guaranteed funding for public transit over the next five years — the largest Federal investment in public transit in history. The legislation will expand public transit options across every state in the country, replace thousands of deficient transit vehicles, including buses, with clean, zero emission vehicles, and improve accessibility for the elderly and people with disabilities.

Upgrade our nation’s airports and ports to strengthen our supply chains and prevent disruptions that have caused inflation. This will improve U.S. competitiveness, create more and better jobs at these hubs, and reduce emissions. Decades of neglect and underinvestment in our infrastructure have left the links in our goods movement supply chains struggling to keep up with our strong economic recovery from the pandemic. The Bipartisan Infrastructure Deal will make the fundamental changes that are long overdue for our nation’s ports and airports so this will not happen again. The United States built modern aviation, but our airports lag far behind our competitors. According to some rankings, no U.S. airports rank in the top 25 of airports worldwide. Our ports and waterways need repair and reimagination too. The legislation invests $17 billion in port infrastructure and waterways and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports, and drive electrification and other low-carbon technologies. Modern, resilient, and sustainable port, airport, and freight infrastructure will strengthen our supply chains and support U.S. competitiveness by removing bottlenecks and expediting commerce and reduce the environmental impact on neighboring communities.

Make the largest investment in passenger rail since the creation of Amtrak. U.S. passenger rail lags behind the rest of the world in reliability, speed, and coverage. China already has 22,000 miles of high-speed rail, and is planning to double that by 2035. The legislation positions rail to play a central role in our transportation and economic future, investing $66 billion in additional rail funding to eliminate the Amtrak maintenance backlog, modernize the Northeast Corridor, and bring world-class rail service to areas outside the northeast and mid-Atlantic. This is the largest investment in passenger rail since Amtrak’s creation, 50 years ago and will create safe, efficient, and climate-friendly alternatives for moving people and freight.

Build a national network of electric vehicle (EV) chargers. U.S. market share of plug-in EV sales is only one-third the size of the Chinese EV market. That needs to change. The legislation will invest $7.5 billion to build out a national network of EV chargers in the United States. This is a critical step in the President’s strategy to fight the climate crisis and it will create good U.S. manufacturing jobs. The legislation will provide funding for deployment of EV chargers along highway corridors to facilitate long-distance travel and within communities to provide convenient charging where people live, work, and shop. This investment will support the President’s goal of building a nationwide network of 500,000 EV chargers to accelerate the adoption of EVs, reduce emissions, improve air quality, and create good-paying jobs across the country.

Upgrade our power infrastructure to deliver clean, reliable energy across the country and deploy cutting-edge energy technology to achieve a zero-emissions future. According to the Department of Energy, power outages cost the U.S. economy up to $70 billion annually. The Bipartisan Infrastructure Deal’s more than $65 billion investment includes the largest investment in clean energy transmission and grid in American history. It will upgrade our power infrastructure, by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewables and clean energy, while lowering costs. And it will fund new programs to support the development, demonstration, and deployment of cutting-edge clean energy technologies to accelerate our transition to a zero-emission economy. 
 
Make our infrastructure resilient against the impacts of climate change, cyber-attacks, and extreme weather events. Millions of Americans feel the effects of climate change each year when their roads wash out, power goes down, or schools get flooded. Last year alone, the United States faced 22 extreme weather and climate-related disaster events with losses exceeding $1 billion each – a cumulative price tag of nearly $100 billion. People of color are more likely to live in areas most vulnerable to flooding and other climate change-related weather events. The legislation makes our communities safer and our infrastructure more resilient to the impacts of climate change and cyber-attacks, with an investment of over $50 billion to protect against droughts, heat, floods and wildfires, in addition to a major investment in weatherization. The legislation is the largest investment in the resilience of physical and natural systems in American history.
 
Deliver the largest investment in tackling legacy pollution in American history by cleaning up Superfund and brownfield sites, reclaiming abandoned mines, and capping orphaned oil and gas wells. In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites are now idle – sources of blight and pollution. Proximity to a Superfund site can lead to elevated levels of lead in children’s blood. The bill will invest $21 billion clean up Superfund and brownfield sites, reclaim abandoned mine land and cap orphaned oil and gas wells. These projects will remediate environmental harms, address the legacy pollution that harms the public health of communities, create good-paying union jobs, and advance long overdue environmental justice This investment will benefit communities of color as, it has been found that 26% of Black Americans and 29% of Hispanic Americans live within 3 miles of a Superfund site, a higher percentage than for Americans overall.

Analysis: Build Back Better Legislation Will Reduce Deficits

Analysis by US Treasury tax policy expert Lily Batchelder indicates that the Build Back Better legislation would generate $2 trillion, fully paying for its investments in families, workers and climate, and actually reduce deficits. © Karen Rubin/news-photos-features.

By: Lily Batchelder, Assistant Secretary for Tax Policy

The Build Back Better invests meaningfully in American families and workers, while laying the foundation for meeting imperative climate goals. When the President released the Build Back Better framework last week, he proposed $2 trillion in savings that would more than pay for the critical investments in the legislation – and in fact generate net deficit reduction.  With the release of the text of the Build Back Better Act in the House and scoring from the Joint Committee on Taxation, we can update the estimate of fiscal savings.

The legislation would, as the President proposed, generate more than $2 trillion in savings. These savings come from ensuring large multinational corporations and wealthy Americans pay their fair share and reducing the cost of prescription drugs. These provisions will not raise taxes on any taxpayer making less than $400,000.

The table below includes the latest estimates by the Joint Committee on Taxation, Congressional Budget Office, and the Treasury Department of the revenue raising provisions in the bill. The bottom line is that the Build Back Better Act under consideration in the House of Representatives will be fully paid for and reduce the deficit.

At the crux of reforms to the tax code is a historic overhaul of the international tax regime, whose global adoption has been successfully negotiated with 136 countries representing nearly 95% of the world’s economy. As a result of these changes, the ability of large corporations to shift profits abroad will be substantially limited, and the race to the bottom in corporate taxation will no longer be a driving force weakening capital taxation. The Build Back Better Act adopts the agreed-upon 15% country-by-country minimum tax on the foreign profits of U.S. multinational corporations and includes strong incentives for any hold-out countries to join the agreement through a separate tax on companies based in such hold-out jurisdictions. Together with other international and business tax reforms and loophole closers, these provisions are estimated to generate over $350 billion in additional U.S. tax revenue.  

The Act further ensures that large, profitable corporations will pay a minimum amount of tax by imposing a 15% minimum tax on companies that report over $1 billion in profits to their shareholders. Less than 0.00075% of U.S. businesses will owe this tax in a given year, which will raise more than $300 billion over the course of the next decade.

Over $200 billion is generated from a surtax on multi-millionaires (the top 0.02% of taxpayers making $10 million or more annually), and about $400 billion comes from closing loopholes that allow some wealthy taxpayers to avoid paying Medicare taxes on their earnings and permit well-off taxpayers to offset ordinary income with business losses.

The largest pay-for in the bill is not a tax increase at all. By collecting taxes that are already owed—and disproportionately unpaid by the highest-earners—the Build Back Better Act will generate at least $400 billion in additional revenue. Over the last decade, an under-resourced IRS has been unable to appropriately focus attention on top earners who are most responsible for the tax gap. Indeed, audit rates decreased more over that period for high earners than for Earned Income Tax Credit recipients. This additional revenue will result from providing the IRS with much-needed resources to pursue wealthy tax evaders, modernize outdated technological infrastructure, and provide meaningful taxpayer services.

Even beyond their sizable revenue-raising potential, these collective policies make the American economy more competitive by reducing profit shifting, ending a corporate tax race to the bottom, and overhauling a two-tiered system of tax administration—where American workers pay what they owe, but the wealthiest often do not.

These are historic policy achievements in and of themselves—and they also pay for transformational investments that will improve the lives of American workers, our children, and the generations that will follow.    

Revenue Raisers in Build Back Better Act

 Revenue
(in billions)
 
International and Other Business Reforms
 
$371
15% Minimum Tax on the Largest Corporations$319
AGI Surtax for Multi-Millionaires$228
Medicare Tax Loophole for High Earners$252
Limit Business Losses for High Earners$160
Stock Buybacks$124
IRS Investments in Compliance, IT, and Taxpayer Services*$400
Reduce the Cost of Prescription Drugs**~$250
Other Provisions$47
 
Total
 
~$2,151
 
Unless otherwise noted, all estimates are from the Joint Committee on Taxation.

* Source: U.S. Department of the Treasury.

** Source: The framework released by the White House last week proposed repealing the prescription drug rebate rule as negotiations continued on prescription drug reform. Based on the Congressional Budget Office, adjusted downward for reforms in bipartisan infrastructure framework, this would have saved about $150 billion. Other components of the Administration estimate the deal reached on prescription drug reform announced this week, which includes additional reforms, will generate about an additional $100 billion in savings, based on Congressional Budget Office estimates of prescription drug negotiations in previous legislation. A more precise CBO estimate will be available in the future.
 

COP26: Biden, Global Leaders Commit to Addressing Climate Crisis Through Infrastructure Development

At COP26, Biden and global leaders agreed that climate-smart infrastructure development should play an important role in boosting economic recovery and sustainable job creation. © Karen Rubin/news-photos-features.com

Building on the June 2021 commitment of G7 Leaders to launch a values-driven, high-standard, and transparent infrastructure partnership to meet global infrastructure development needs, U.S. President Biden and European Commission President von der Leyen hosted a discussion on the margins of COP26 with UK Prime Minister Johnson, Barbadian Prime Minister Mottley, Canadian Prime Minister Trudeau, Colombian President Duque, Ecuadorian President Lasso, Democratic Republic of the Congo President Tshisekedi, Indian Prime Minister Modi, Japanese Prime Minister Kishida, and Nigerian President Buhari on how infrastructure initiatives must simultaneously advance prosperity and combat the climate crisis, in line with the Sustainable Development Goals and the Paris Agreement. 

Global leaders discussed how the Build Back Better World, Global Gateway and Clean Green Initiatives will jumpstart investment, sharpen focus, and mobilize resources to meet critical infrastructure needs to support economic growth, while ensuring that this infrastructure is clean, resilient, and consistent with a net-zero future.  President Lasso, Prime Minister Modi, President Buhari, and President Duque shared their perspectives on the challenges their countries have previously faced with infrastructure development and principles they would like to see from future infrastructure initiatives.  UN Special Envoy for Climate Action and Finance Mark Carney and World Bank Group President David Malpassspoke on the imperative of mobilizing investment from the private sector, international financial institutions and multilateral development banks, including through country platforms, to achieve these goals. 

***

President Biden, President von der Leyen, and Prime Minister Johnson endorsed five key principles for infrastructure development:

1.Infrastructure should be climate resilient and developed through a climate lens.

We commit to build resilient, low- and zero-carbon infrastructure systems that are aligned with the pathways towards net-zero emissions by 2050, which are needed to keep the goal of limiting global average temperature change to 1.5 degrees Celsius within reach. Further, we commit to viewing all projects carried out through infrastructure development partnerships through the lens of climate change.

2.Strong and inclusive partnerships between host countries, developed country support, and the private sector are critical to developing sustainable infrastructure.

Infrastructure designed, financed, and constructed in partnership with those whom it benefits will last longer, be more inclusive, and generate greater and more sustainable development impacts. We will consult with stakeholders—including representatives of civil society, governments, NGOs, and the private sector to better understand their priorities and development needs.

3.Infrastructure should be financed, constructed, developed, operated, and maintained in accordance with high standards.

We resolve to uphold high standards for infrastructure investments, promoting the implementation of the G20 Principles for Quality Infrastructure Investments as the baseline. Environmental, Social and Governance standards help safeguard against graft and other forms of corruption; mitigate against climate risks and risks of ecosystem degradation; promote skills transfer and preserve labor protections; avoid unsustainable costs for taxpayers; and, crucially, promote long-term economic and social benefits for partner countries.

4.A new paradigm of climate finance—spanning both public and private sources—is required to mobilize the trillions needed to meet net-zero by 2050 and keep 1.5 degrees within reach.

The world must mobilize and align the trillions of dollars in capital over the next three decades to meet net-zero by 2050, the majority of which will be needed in developing and emerging economies. Mobilizing capital at this scale requires a collaborative effort from all of us, including governments, the private sector, and development finance institutions, as well as better mechanisms to match finance and technical assistance with country projects, including through country partnerships.

5.Climate-smart infrastructure development should play an important role in boosting economic recovery and sustainable job creation.

Infrastructure investment should also drive job creation and support inclusive economic recovery. We believe our collective efforts to combat the climate crisis can present the greatest economic opportunity of our time: the opportunity to build the industries of the future through equitable, inclusive, and sustainable economic development worldwide.

***
President Biden, European Commission President von der Leyen, and Prime Minister Johnson called on countries around the world to make similar commitments and take action to spur a global transformation towards reliable, climate-smart infrastructure.

State by State, How Infrastructure Investment & Jobs Act Nationwide Will Impact Your State

EV charging station in Death Valley. The White House has just issued state-by-state fact sheets  highlighting how the historic legislation will deliver for states and territories across the country to repair roads and bridges, improve transportation options, build a network of EV chargers to accelerate the adoption of EVs, help connect every American to reliable high-speed internet, eliminate the nation’s lead service lines and pipes for clean drinking water, protect against extreme weather events and cyberattacks and improve our nation’s airports. © Karen Rubin/news-photos-features.com

The White House released updated state fact sheets that highlight the nationwide impact of the Infrastructure Investment and Jobs Act, the largest long-term investment in our infrastructure and competitiveness in nearly a century.

The fact sheets highlight how the historic legislation will deliver for states and territories across the country to repair roads and bridges, improve transportation options, build a network of EV chargers to accelerate the adoption of EVs, help connect every American to reliable high-speed internet, eliminate the nation’s lead service lines and pipes for clean drinking water, protect against extreme weather events and cyberattacks and improve our nation’s airports.

In the coming days and weeks, we expect to receive additional data on the impact of the Infrastructure Investment and Jobs Act state by state.

Individual fact sheets for each of the 50 states, the District of Columbia and Puerto Rico are linked below.

Fact Sheets by State/Territory:
 
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
 

Top 10 Programs in Bipartisan Infrastructure Investment and Jobs Act That You May Not Have Heard About

Wildfires continue to plague the West. Some 4.5 million homes are at risk of wildfire. The bipartisan infrastructure bill invests $8 billion in wildfire risk reduction by providing funding for community wildfire defense grants, mechanical thinning, controlled burns, the Collaborative Forest Restoration Program, and firefighting resources. © Karen Rubin/news-photos-features.com

The White House provided this fact sheet of “Top 10 Programs” in the Infrastructure Investment and Jobs Act:

  1. Weatherization: Two-thirds of low-income U.S. households have high energy burdens, meaning they spend more than 6 percent of their income on utility bills. The Bipartisan Infrastructure Deal will invest a historic $3.5 billion in the Weatherization Assistance Program, reducing energy costs for more than 700,000 low-income households by increasing the energy efficiency of their homes, while ensuring health and safety and creating jobs.
     
  2. Wildfires: One estimate found that 4.5 million homes in the United States are at risk of wildfire. The bill invests $8 billion in wildfire risk reduction by providing funding for community wildfire defense grants, mechanical thinning, controlled burns, the Collaborative Forest Restoration Program, and firefighting resources.
     
  3. Floods: The cost of flood damage was approximately $17 billion annually in the last decade, and is expected to increase significantly due climate-related extreme weather and rising sea levels. The bill invests $12 billion in flood mitigation, including funding for FEMA flood mitigation grants, making infrastructure investments to increase coastal resilience, and improving mapping and data so that households and businesses can better protect themselves from future flood events.
     
  4. Brownfields and superfund: 26% of Black Americans and 29% of Hispanic Americans live within 3 miles of a Superfund site, a higher percentage than for Americans overall. Proximity to a Superfund site can lead to elevated levels of lead in children’s blood. The deal invests $5 billion in addressing legacy pollution at these sites, creating good-paying union jobs and advancing economic and environmental justice.
     
  5. Natural gas wells and coal mines: In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites, including orphan wells and abandoned land mines, are now idle – sources of blight and pollution. The deal invests $16 billion in creating good-paying union jobs capping these wells and mines.
     
  6. Pipeline safety: More than 20,000 miles of cast iron pipelines—much of which was installed in the 1800’s and early 1900’s—transports natural gas underneath communities in the U.S. This infrastructure, which is prone to leaks and fugitive methane emissions, is mostly located in disadvantaged areas including older cities like Philadelphia, Detroit, Baltimore, New York, and St. Louis.  Since 2010, the U.S. has experienced thousands of pipeline incidents, resulting in hundreds of injuries and deaths, tens of thousands of evacuations, and more than $4 billion in damages. The bill includes $1 billion for the “Natural Gas Distribution Infrastructure Safety and Modernization Grant Program” to modernize natural gas distribution pipelines, reducing incidents and fatalities, and avoiding economic losses.
     
  7. Battery manufacturing: Today, the U.S. relies heavily on importing advanced battery components from abroad, exposing the nation to supply chain vulnerabilities that threaten to disrupt the availability and cost of these technologies, as well as the workforce that manufactures them. The Bipartisan Infrastructure Deal will invest $6B to spur U.S. advanced battery processing, manufacturing, and recycling, creating good-paying jobs and enabling American manufacturers to win the 21st century.  
     
  8. Safe Streets: Over 36,000 Americans died in motor vehicle crashes in 2019, including over 6,200 pedestrians and about 850 bicyclists. The United States has one of the highest traffic fatality rates in the industrialized world, double the rate in Canada and quadruple that in Europe. The Bipartisan Infrastructure Deal includes $5 billion for a first-of-its kind “Safe Streets for All” program to fund state and local “vision zero” plans and other improvements to reduce crashes and fatalities, especially for the most vulnerable of roadways users.
     
  9. Transit station ADA program: More than 30 years after the passage of the Americans with Disabilities Act, nearly 1,000 transit stations are still not fully accessible, which prevents millions of older Americans and individuals with disabilities from fully enjoying public transit. The Bipartisan Infrastructure Deal includes a total of $2 billion for transit ADA, including $1.75 billion for All Stations Accessibility and $250 million for Enhanced Mobility for Seniors and Individuals with Disabilities. These programs will remove barriers to transportation service and expand transportation mobility options for Americans across the country.
     
  10. Cybersecurity: The recent cybersecurity breaches of federal government data systems, critical infrastructure, and American businesses underscore the importance and urgency of strengthening U.S. cybersecurity capabilities. The bipartisan Infrastructure Investment and Jobs Act will invest about $2 billion to modernize and secure federal, state, and local IT and networks; protect critical infrastructure and utilities; and support public or private entities as they respond to and recover from significant cyberattacks and breaches.

NYS Gov Hochul Surveys Superstorm Damage, Joins 9 Other Governors to Demand Congress Take ‘Impactful Climate Actions’

Governor Kathy Hochul comes Great Neck LIRR station to show support for Great Neck and Nassau County after devastating tropical storm Ida wreaked havoc, flooding buildings and streets, and causing Long Island Railroad to shut down. Here with State Senator Anna Kaplan, Nassau County Executive Laura Curran, Great Neck Plaza Mayor Ted Rosen, Village of Great Neck Deputy Mayor Barton Sobel, executives of the MTA and LIRR and transport workers union. © Karen Rubin/news-photos-features.com

Governor Kathy Hochul: “One thing I want to make clear: we’re not treating this as if it’s not going to happen again for 500 years. What we saw, the record rainfall that precipitated, the situation out here in Great Neck as well as what we’ve seen all the way from here to Suffolk to the five boroughs to Rockland to Putnam to Westchester, it was an unbelievable amount of rainfall in an incredibly short amount out of time.”

Hochul: “We know how to build resiliency. … Many of our coastal areas are in a far better place to be able to handle the wind and wave action. … But what we’re not prepared for and what I’m not satisfied with, what’s happening on our streets at the higher elevations. … The raging flood waters cannot be contained by the existing storm sewers and drainage systems, and then the flood starts going into our subway system. That’s what happened here. It happened all over Long Island. It happened in New York City and our surrounding counties. That’s what we have to address.”

Thank you for joining us as we continue our survey of storm effects and also now the cleanup and what I was just witnessing moments ago was an extraordinary effort by the incredible team literally a few feet away who worked through this morning and through the night to try and restore service here on Long Island and Nassau County and here in the Great Neck Station.

“The Port Washington Line has been disrupted considerably and they are working tirelessly to restore the tracks so they are safe once again and they anticipate in the next few hours they’ll be able to make some announcements on that timing so that’s something I just saw, but I want to thank the incredible leaders who are with me here today…

“What we saw last night was nothing short of unprecedented. I cannot imagine a community having gone through this before. In fact we were told it was a 500-year event. I’m not sure how they know that; I’m not sure who was here 500 years ago to tell us that but that is the scale we’re talking about.

“One thing I want to make clear: we’re not treating this as if it’s not going to happen again for 500 years. What we saw, the record rainfall that precipitated, the situation out here in Great Neck as well as what we’ve seen all the way from here to Suffolk to the five boroughs to Rockland to Putnam to Westchester, it was an unbelievable amount of rainfall in an incredibly short amount out of time.

“We’re talking about literally from 8:50 p.m. to 9:50 p.m. last night, a record shattering rainfall, at LaGuardia, JFK, at Central Park. Records are broken, but what is fascinating is that the records that they broke were literally set a week before. That’s what we’re dealing with now, my friends, so when we talk about how is this happening, people have been warning for decades that the effect of climate change and what it would do to our communities – it’s happening right now. It is not a future threat. It is a current situation and it is the status quo.

“We know how to build resiliency. We saw that particular here on Long Island after Superstorm Sandy. Many of our coastal areas are in a far better place to be able to handle the wind and wave action. I just was down last week in anticipating the onslaught of Hurricane Henri. I was on the beaches and I saw what we had done to build up.”

Just a day earlier, as Hurricane Ida barreled through the south up toward the Northeast, Governor Hochul joined 8 other governors to Congressional Leadership urging passage of impactful climate actions.

GOVERNOR HOCHUL, 9 OTHER GOVERNORS ISSUE LETTER TO CONGRESSIONAL LEADERSHIP URGING PASSAGE OF IMPACTFUL CLIMATE ACTIONS

Letter Urges Congress to Prioritize Key Elements of President Biden’s Build Back Better Agenda that Protect the Climate

Governors Request that 40 Percent of Benefits of Climate and Clean Infrastructure Investments Are Directed to Disadvantaged Communities

Governor Kathy Hochul and nine other Governors today issued a letter to House Speaker Nancy Pelosi and Senate Majority Leader Charles Schumer urging the passage of both the bipartisan infrastructure deal and a bold reconciliation bill that meets the urgency of the moment and tackles the climate crisis. The Governors urge Congress to prioritize key elements of President Biden’s Build Back Better Agenda that will have the most impact in protecting the climate, including programs that support a carbon free grid, the electrification of the transportation system, and investments in climate resilience. The Governors also request that 40 percent of the benefits of the climate and clean infrastructure investments included in these legislative packages are directed to disadvantaged communities.

Here is the full text of the letter:

September 1, 2021 

Dear Speaker Pelosi and Majority Leader Schumer: 

As Governors from across the country, we strongly support your joint efforts to pass landmark legislation that will create millions of good jobs, rebuild our country’s infrastructure, improve public health, advance environmental justice, and tackle the climate crisis. 

Climate change is intensifying the wildfires that burn in the West, hurricanes that threaten the East, and extreme heat that endangers people and animals throughout the country. Now is the time for bold climate action. The most recent Intergovernmental Panel on Climate Change (IPCC) report details what we already know – the window for preventing irreversible climate consequences is closing and we need to act quickly and comprehensively. 

As we approach the 26th United Nations Climate Change Conference of Parties (COP 26) in November, it is imperative that the United States demonstrates that America is ready to lead and solve the climate crisis. President Biden has committed America to cutting its greenhouse gas emissions to 50 percent to 52 percent below 2005 levels by 2030. America’s ability to meet this goal rests on how we respond to climate change today. 

President Biden proposed the Build Back Better Agenda to rebuild America in a just and equitable way and ensure America’s economy flourishes in the 21st century. It is vital for Congress to adopt both the bipartisan infrastructure deal and a bold and comprehensive reconciliation bill to achieve the goals of the Build Back Better Agenda. Each of the elements of the Build Back Better Agenda are worthy of inclusion in an infrastructure package, but as Governors of states on the front line of the climate crisis, we place particular emphasis that the combined package includes the most impactful actions to protect our climate: 

  • Carbon Free Grid: A Clean Electricity Performance Program, expansion of tax credits for clean energy generation and storage, and funding for new and upgraded electricity transmission. 
  • Transportation Electrification: Tax credits for manufacturing of zeroemission vehicles; incentives for consumers, especially low-income consumers, to purchase zero-emission vehicles; funding for zero-emission infrastructure; and elimination of statutory obstacles to charging on federal rights of way. 
  • Methane Emissions Reduction: Funding to plug orphan wells and adoption of a methane polluter fee for the venting or burning of excess methane. 
  • Climate-Smart Agriculture: Investment in climate-smart agricultural and forest management programs for farmers and rural communities. 
  • Climate Resilience: Investment in protections for communities and transportation infrastructure from the impacts of climate change, as well as robust funding for a new Civilian Climate Corps. 
  • Clean Building Incentives: New consumer rebates for home electrification and weatherization. 
  • Clean Energy and Sustainability Accelerator: Establish an accelerator to mobilize private investment into distributed energy resources; retrofits of residential, commercial, and municipal buildings; and clean transportation.

We also respectfully request that any infrastructure package ensure 40 percent of the benefits of climate and clean infrastructure investments are directed to disadvantaged communities and invests in rural communities and communities impacted by the market-based transition to clean energy. We are excited to build back better with both of you and are committed to taking action to advance this crucial agenda. 

Sincerely,

Governor Kathy Hochul, New York

Governor Gavin Newsom, California 

Governor Ned Lamont, Connecticut

Governor David Ige, Hawaii 

Governor Janet Mills, Maine

Governor Steve Sisolak, Nevada 

Governor Kate Brown, Oregon
Governor Tom Wolf, Pennsylvania 

Governor Dan McKee, Rhode Island

Governor Jay Inslee, Washington 

White House Marshals Interior, Defense, Energy Departments to Advance Offshore Windpower for California

California has identified an area some 20 miles off the coast of Morro Bay for 3 gigawatts of offshore wind and the Humboldt Call Area off the coast of northern California for 1.6 gigawatts more. The 4.6 gigawatts of clean, renewable energy would be enough to power 1.6 million homes. © Karen Rubin/news-photos-features.com

California will soon be a leading player in America’s transition to a clean, green energy economy. Secretary of the Interior Deb Haaland, National Climate Advisor Gina McCarthy, Under Secretary of Defense for Policy Dr. Colin Kahl, and California Governor Gavin Newsom announced an agreement to advance areas for offshore wind off the northern and central coasts of California. This significant milestone is part of the Biden-Harris administration’s goal to create thousands of jobs through the deployment of 30 gigawatts (GW) of offshore wind by 2030. These initial areas for offshore wind development could bring up to 4.6 GW of clean energy to the grid, enough to power 1.6 million homes.

The Department of the Interior, in cooperation with the Department of Defense and the State of California, has identified an area (“the Morro Bay 399 Area”) that will support 3 gigawatts of offshore wind on roughly 399 square miles off California’s central coast region, northwest of Morro Bay. The Department of the Interior is also advancing the Humboldt Call Area as a potential Wind Energy Area (WEA), located off northern California. These identified areas will enable the build out of a significant new domestic clean energy resource over the next decade or more.

“I believe that a clean energy future is within our grasp in the United States, but it will take all of us and the best-available science to make it happen. Today’s announcement reflects months of active engagement and dedication between partners who are committed to advancing a clean energy future,” said Secretary of the Interior Deb Haaland. “The offshore wind industry has the potential to create tens of thousands of good-paying union jobs across the nation, while combating the negative effects of climate change. Interior is proud to be part of an all-of-government approach toward the Biden-Harris administration’s ambitious renewable energy goals.”

Because the outer continental shelf falls away much more quickly into much deeper waters in the Pacific than it does in the Atlantic Ocean, new floating offshore wind technology will be deployed in offshore California waters. Notably, and as a further demonstration of the Biden administration’s whole-of-government approach to clean energy development, the. Department of Energy, through its Office of Energy Efficiency and Renewable Energy and ARPA-E, has invested more than $100 million in researching, developing, and demonstrating floating offshore wind technology. These investments have helped position the United States as a leader in the emerging global floating offshore wind market.
 
Today’s announcement comes after the Biden Administration announced a set of bold actions to catalyze offshore wind energy as part of the President’s commitment to building new American infrastructure and a clean energy future that creates good-paying, union jobs. And, it follows the Administration’s approval of the first major offshore wind project in U.S waters advancing the construction and operation of the Vineyard Wind project in Massachusetts. 

“Today’s announcement again demonstrates that by taking a whole-of-government approach, the U.S. can smartly develop our nation’s world-class offshore wind energy resources, deploy new technologies that our government has helped to advance, and create thousands of good-paying, union jobs – all in the service of combating the climate crisis,” stated National Climate Advisor Gina McCarthy. “I salute the Departments of the Interior, Defense, and Energy, and our partners in California, for all they have done to make this possible.”

In addition to contributing to the goals of the Biden-Harris administration, the development of offshore wind can help California reach its goal of carbon free energy by 2045, create good-paying, union jobs, and foster investments in coastal communities.

Offshore wind resources are typically stronger and more consistent than land-based wind and is especially strong in the evening hours when solar production drops off, ensuring that it can make an important contribution to California’s electric grid.

“Developing offshore wind to produce clean, renewable energy could be a game changer to achieving California’s clean energy goals and addressing climate change – all while bolstering the economy and creating new jobs,” Governor Gavin Newsom said. “This historic announcement, which could provide clean power for up to 1.6 million homes over the next decade, represents the innovative approach we need for a clean energy economy that protects the coasts, fisheries, marine life, and Tribal and cultural resources we value so much as Californians.”

BOEM, in partnership with California, will hold an Intergovernmental Renewable Energy Task Force meeting on June 24 to discuss the identified areas off the north and central coasts as potential WEAs. Following the task force meeting, the WEAs can be finalized and will undergo environmental analysis; BOEM will also undertake government-to-government tribal consultation. The processes for the northern and central coasts will then be merged in a Proposed Sale Notice (PSN) for one lease sale auction, targeted for mid-2022.

Today’s announcement comes after years of collaboration between the Departments of the Interior and Defense to find areas offshore the central coast of California that are compatible with the Department of Defense’s training and testing operations. The Bureau of Ocean Energy Management (BOEM) issued a Call for Information and Nominations for offshore wind on October 19, 2018, for three areas off the central and northern coasts, including Humboldt and Morro Bay.

The Department of Defense engages in significant testing, training and operations off the coast of California that are essential to national security. The Department of the Interior acknowledges the critical nature of current and future military testing, training and operations and acknowledges that ensuring the operational integrity thereof is a national security imperative. Interior’s Bureau of Ocean Energy Management will work with the Department of Defense to ensure long-term protection of military testing, training and operations, while pursuing new domestic clean energy resources.

“Tacking the climate crisis is a national security imperative and the Defense Department is proud to have played a role in this important effort,” said Dr. Colin Kahl, Under Secretary of Defense for Policy. “The Defense Department is committed to working across the U.S. government to find solutions that support renewable energy in a manner compatible with essential military operations. Throughout this effort, the Defense Department has worked tirelessly with the White House, the Department of the  Interior, and the State of California to find solutions that enable offshore wind development while ensuring long-term protection for testing, training, and operations critical to our military readiness. The Defense Department applauds this step and looks forward to continued coordination to address the climate crisis.”

More information on offshore wind development is available at: https://www.doi.gov/priorities/cleanenergy-future.

Biden Administration Invests $1 Billion To Protect Communities, Families, and Businesses Before Climate Disaster Strikes

Funding Builds on Efforts to Enhance Climate Change Resilience as Biden Visits FEMA Ahead of Hurricane, Wildfire Season

Superstorm Sandy decimates the community of Breezy Point, on the south shore of Long Island. President Biden is taking a whole-of-government approach to climate resilience, to mitigate the worst impacts. Resilience is a key focus of the Biden’s National Climate Task Force as they drive a number of actions to strengthen the resilience of our infrastructure, forests, coastal areas, oceans, range lands, and farm lands to drought, wildfire, heatwaves and other climate impacts. © Karen Rubin/news-photos-features.com

Earlier this week, President Biden met with members of his homeland security and climate teams at the Federal Emergency Management Agency’s (FEMA) National Response Coordination Center in Washington, D.C. to receive an update on preparations for the 2021 hurricane season. In advance of the President’s visit, the Administration announced it will direct $1 billion for communities, states, and Tribal governments into pre-disaster mitigation resources to prepare for extreme weather events and other disasters. The Administration also announced the development of next generation climate data systems at NASA to help understand and track how climate change is impacting communities. This fact sheet was provided by the White House:
 
In 2020, the United States experienced a record year for extreme weather, including an unprecedented 30 named storms in the Atlantic Basin. The National Oceanic and Atmospheric Administration (NOAA) is anticipating another above-normal hurricane season this year.
 
The costs of extreme weather events, in lives and economic damage, have been staggering. Last year alone, communities across the United States suffered through 22 separate weather and climate-related disasters with loses exceeding $1 billion each, shattering previous records, at a cumulative price tag of nearly $100 billion. This year has already wrought devastation, as unusual winter storms crossed Texas and the south.
 
On May 20th, NOAA released its 2021 Atlantic hurricane season outlook. Forecasters predict a 60% chance of an above-normal season, a 30% chance of a near-normal season, and a 10% chance of a below-normal season. Additionally, forecasters expect a likely range of 13 to 20 named storms, of which six to 10 could became hurricanes.
 
As climate change threatens to bring more extreme events like increased floods, sea level rise, and intensifying droughts and wildfires, it is our responsibility to better prepare and support communities, families, and businesses before disaster – not just after. This includes investing in climate research to improve our understanding of these extreme weather events and our decision making on climate resilience, adaptation, and mitigation. It also means ensuring that communities have the resources they need to build resilience prior to these crises.
 
President Biden has elevated the importance of climate resilience on the global stage and prioritized resilience in his investment agenda, including in the American Jobs Plan and the FY22 discretionary request.
 
NEW STEPS TO ENHANCE CLIMATE RESILIENCE
 
President Biden continued to act through a whole-of-government approach in support of climate resilience goals. The Administration is directing $1 billion in pre-disaster mitigation resources to communities, and it is announcing next generation climate data systems that will help us understand and track how climate change impacts communities.

The Administration announced it will:

  • Provide $1 billion for communities through FEMA’s Pre-Disaster Building Resilient Infrastructure and Communities program. FEMA will provide $1 billion in 2021 for the Building Resilient Infrastructure and Communities (BRIC) program, a portion of which will be targeted to disadvantaged communities. BRIC supports states, local communities, tribes, and territories in undertaking pre-disaster hazard mitigation projects, reducing the risks they face from disasters and natural hazards. This level of funding level is double the amount provided last year. The program seeks to categorically shift the federal focus from reactive disaster spending and toward research-supported, proactive investment in community resilience so that when the next hurricane, flood, or wildfire comes, communities are better prepared.
     
  • Develop and launch a new NASA mission concept for an Earth System Observatory. As the number of extreme weather events increases due to climate change, the ability to forecast and monitor natural disasters is integral for the nation’s preparation, mitigation, and resilience. NASA’s Earth System Observatory will be a new architecture of advanced spaceborne Earth observation systems, providing the world with an unprecedented understanding of the critical interactions between Earth’s atmosphere, land, ocean, and ice processes. These processes determine how the changing climate will play out at regional and local levels, on near and long-term time scales.

 
CONTINUE A WHOLE-OF-GOVERNMENT APPROACH TO CLIMATE RESILIENCE
 
The action builds on the whole-of-government approach President Biden is taking to climate resilience. Resilience is a key focus area of the National Climate Task Force as they drive a number of actions to strengthen the resilience of our infrastructure, forests, coastal areas, oceans, range lands, and farm lands to drought, wildfire, heatwaves, and other climate impacts.
 
Examples of actions to date across the federal government include:

  • Issuing an Executive Order on Climate-Related Financial Risk. Last week, President Biden issued an Executive Order on Climate-Related Financial Risk that will help the American people better understand how climate change can impact their financial security. It will strengthen the U.S. financial system and it will inform concrete decisions that the federal government can take to mitigate the risks of climate change. With so much at stake, this Executive Order ensures that the right rules are in place to properly analyze and mitigate these risks. That includes disclosing these risks to the public, and empowering the American people to make informed financial decisions.
     
  • Developing agency climate adaptation and resilience plans. The Administration has taken significant steps to revitalize Federal climate adaptation and resilience by initiating the development of Agency Climate Action Plans as required by Executive Order 14008. The Plans, which are being developed by 36 agencies, broadened the scope of relevant climate adaptation and resilience experts to include acquisitions and finance professionals and focus on integrating climate information in the management of procurement, real property, public lands and water, and financial programs for climate informed decisions.
     
  • Setting a responsible flood risk standard for the federal government. Through his Executive Order on Climate-Related Financial Risk, President Biden reinstated the Federal Flood Risk Management Standard to improve the resilience of American communities and federal assets against the impacts of flood damage, which is predicted to increase over time due to the effects of climate change. The Standard requires federal agencies to consider current and future flood risk when taxpayer dollars are used to build or rebuild in floodplains. Implementing guidelines offer a toolkit of flexible and practical options to implement these protections.
     
  • Investing in resilience through the American Jobs Plan and the FY22 budget. Resilience and adaptation are critical priorities for President Biden and his administration. Americans around the country have been feeling the effect of climate change and underinvestment in resilience. Investments to make our infrastructure more resilient are a key piece of the American Jobs Plan and the President’s FY 2022 Discretionary Request. In addition to supporting the goal that every dollar spent on rebuilding our infrastructure during the Biden administration will be used to prevent, reduce and withstand the impacts of the climate crisis – the American Jobs Plan calls for $50 billion in dedicated resilience investments. The President’s FY22 Discretionary Request also includes significant budget increases to enable incorporation of climate impacts into disaster planning and projects to ensure that the Nation is rebuilding smarter and safer for the future.
     
  • Integrating resilience into the White House Environmental Justice Advisory Council. The White House Environmental Justice Advisory Council (WHEJAC) was established by President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad to fulfill his and Vice President Harris’s commitment to confronting longstanding environmental injustices and ensure that historically marginalized and polluted, overburdened communities have greater input on federal policies and decisions. The WHEJAC members are to provide advice and recommendations to the Environmental Justice Interagency Council and the Chair of CEQ on a whole-of-government approach to environmental justice, including, but not limited to, climate change mitigation, resilience, and disaster management.
     
  • Establishing an Interagency Working Group to better prepare and respond to drought. The National Climate Task Force, as part of its whole-of-government consideration of climate issues, established an Interagency Working Group to address worsening drought conditions in the West and to support farmers, ranchers, Tribes, and communities impacted by ongoing water shortages. The Working Group is co-chaired by the Departments of the Interior and Agriculture and will build upon existing resources to help coordinate across the federal government, working in partnership with state, local, and Tribal governments to address the needs of communities suffering from drought-related impacts. DOI and USDA have already announced more than $25 million to assist farmers, ranchers and communities in the Klamath Basin to help them in the face of a severe drought.
     
  • Increasing investments in forest restoration to reduce the threat of catastrophic wildfire. Climate change is increasing the severity and frequency of wildfire seasons, which are transforming our Nation’s forests at an unprecedented rate, and destroying homes and businesses. The Biden-Harris Administration’s discretionary budget request provides nearly $1.7 billion for high-priority hazardous fuels and forest resilience projects at a scope and scale to meet the challenge we face, an increase of $476 million over the 2021 enacted level. This funding supports the Administration’s science-based approach to vegetation management at the Forest Service and DOI to protect watersheds, wildlife habitat, and the wildland-urban interface.
     
  • Launching a resilience focused task force at the Department of the Interior. Department of the Interior (DOI) Secretary Deb Haaland announced a new Climate Task Force at DOI that will develop a strategy to reduce climate pollution; improve and increase adaptation and resilience to the impacts of climate change; address current and historic environmental injustice; protect public health; and conserve DOI managed lands. Its mission will include supporting the development and use of the best available science to evaluate the greenhouse gas emissions and associated climate change impacts of Federal land uses as well as opportunities to increase carbon sequestration; to predict the effects of climate change on public lands and land uses; and to assess and adopt measures to increase the resilience and adaptive capacity of public lands. 
     
  • Launching a new approach to climate change adaptation and resilience at the Department of Homeland Security. Homeland Security Secretary Alejandro Mayorkas announced the launch of the DHS Climate Change Action Group, a coordinating body comprised of the Department’s senior leadership that will drive urgent action to address the climate crisis and will report directly to the Secretary. DHS also recently published a public Request for Information on how FEMA can ensure its programs advance equity and increase resilience for all – especially among those who are disproportionately at risk from the impacts of climate change.
     
  • Utilizing a Climate Assessment Tool to Analyze Climate Vulnerabilities at the Department of Defense. Climate change has been identified by the Department of Defense (DoD) as a critical national security threat and threat multiplier. As a result, DoD has undertaken assessments of the impacts that the climate crisis has on American military instillations. The DoD announced a plan to complete climate exposure assessments on all major U.S. installations within 12 months and all major installations outside the continental U.S. within 24 months using the Defense Climate Assessment Tool (DCAT). The DCAT helps identify the climate hazards to which DoD installations are most exposed, which is the first step in addressing the potential physical harm, security impacts, and degradation in readiness resulting from global climate change.
     
  • Tracking the indicators of climate change at the U.S. Environmental Protection Agency. For the first time in four years, the U.S. Environmental Protection Agency (EPA) has updated and relaunched its Climate Change Indicators. This comprehensive resource presents compelling and clear evidence of changes to our climate reflected in rising temperatures, increased ocean acidity, sea level rise, and changing river flooding, droughts, heat waves, and wildfires, among other indicators. The long-overdue update to this crucial scientific resource shows that climate change has become even more evident, stronger, and extreme, and underscores the urgency for action on the climate crisis.
     
  • Releasing new U.S. Climate Normals at the NOAA. NOAA recently released the U.S. Climate Normals, a large suite of data products that provide information about typical climate conditions for thousands of locations across the United States. Normals act both as a ruler to compare today’s weather and tomorrow’s forecast, and as a predictor of conditions in the near future. These data products assist agencies and State, local, Tribal, and territorial governments, communities, and businesses in preparing for and adapting to the impacts of climate change.
     
  • Investing in grid and community resilience at the Department of Energy. The Department of Energy is investing in grid resilience and energy resilience, including microgrid strategies, through research under the Grid Modernization Initiative. In partnership with the National Laboratories, the Department is developing a set of comprehensive energy resilience metrics and modeling capabilities to mitigate climate impacts to our energy infrastructure. The Department is also investing in projects that improve community resilience by deploying energy storage and microgrid technologies. In addition, for communities across the West, the Department is working with the Western Area Power Administration and Bonneville Power Administration to aggressively forecast, model and mitigate the potential impacts of severe climate-change-related droughts and fires on electricity systems.
     
  • Building climate and resilience considerations into transportation discretionary grants at the U.S. Department of Transportation. The U.S. Department of Transportation is incorporating climate and resilience criteria into over $2 billion in discretionary grant programs, including the RAISE, INFRA, and Port Infrastructure Development grant programs. This will promote transportation investments that are future-proofed against extreme weather events. In addition, the Federal Highway Administration (FHWA) has also issued new guidance for planning and design for highways in coastal areas.

Biden: Agencies Must Analyze, Calculate, Mitigate Risk Climate Change Poses to Homeowners, Consumers, Businesses, Workers, the Financial System & Government

Agency Actions Will Better Protect Workers’ Hard-Earned Savings, Create Good Jobs, and Position America to Lead the Global Economy

For the first time, the financial risk of climate change – like Superstorm Sandy that ravaged whole communities on Long Island – will have to be calculated under President Biden’s Executive Order. © Karen Rubin/news-photos-features.com

President Biden’s latest executive order on climate change is a big deal. For the first time, government agencies in their procurement, regulatory responsibilities, and by consequence, government contractors, financial companies and private companies, will have to analyze, mitigate, assess the cost and reveal the financial risk of climate change to homeowners, consumers, businesses, workers, the financial system and federal government itself. Already, many international financial institutions, in assessing grants and loans are doing this, but Trump actually did the opposite, barring regulatory agencies from assessing cost – to climate or health – of activities that exacerbated the climate crisis. The White House has issued this fact sheet – Karen Rubin/news-photos-features.com

President Biden has issued an Executive Order to address the serious threat that the climate crisis poses to our economy. Extreme weather related to climate change can disrupt entire supply chains and deprive communities of food, water, or emergency supplies. Snowstorms can offline entire power grids. Floods made worse by rising sea levels destroy homes and businesses. As the United States builds a modern and equitable clean energy future that creates millions of good-paying jobs and advances environmental justice, the agency actions spurred by the President’s directive today will help safeguard the financial security of America’s families, businesses, and workers from the climate-related financial risks they are already facing.

The President’s Executive Order on Climate-Related Financial Risk will help the American people better understand how climate change can impact their financial security. It will strengthen the U.S. financial system. And it will inform concrete decisions that the federal government can take to mitigate the risks of climate change.

From signing a loan for a new home or small business to managing life savings or a retirement fund—it is important for the American people to have access to the information needed to understand the potential risks associated with these significant financial decisions. We know that the climate crisis, whether through rising seas or extreme weather, already presents increasing risks to infrastructure, investments, and businesses. Yet, these risks are often hidden.

With so much at stake, this Executive Order ensures that the right rules are in place to properly analyze and mitigate these risks. That includes disclosing these risks to the public, and empowering the American people to make informed financial decisions.

The Executive Order will also ensure that the federal government takes concrete steps to mitigate these risks itself. Together, these steps will protect workers’ life savings, spur the creation of good-paying jobs, and help position the United States to lead the global economy.

Specifically, the Executive Order on Climate-Related Financial Risk will:

Develop a Whole-of-Government Approach to Mitigating Climate-Related Financial Risk. The Executive Order requires the National Climate Advisor and the Director of the National Economic Council to develop, within 120 days, a comprehensive government-wide climate-risk strategy to identify and disclose climate-related financial risk to government programs, assets, and liabilities. This strategy will identify the public and private financing needed to reach economy wide net-zero emissions by 2050 – while advancing economic opportunity, worker empowerment, and environmental mitigation, especially in disadvantaged communities and communities of color.

Encourage Financial Regulators to Assess Climate-Related Financial Risk. The Executive Order encourages the Treasury Secretary, in her role as the chair of the Financial Stability Oversight Council, to work with Council members to assess climate-related financial risk to the stability of the federal government and the stability of the U.S. financial system. Additionally, in her role as the chair, she should work with member agencies to consider issuing a report, within 180 days, on actions the Council recommends to reduce risks to financial stability, including plans that member agencies are taking to improve climate-related disclosures and other sources of data, and to incorporate climate-related financial risk into regulatory and supervisory practices.   

Bolster the Resilience of Life Savings and Pensions. The Executive Order directs the Labor Secretary to consider suspending, revising, or rescinding any rules from the prior administration that would have barred investment firms from considering environmental, social and governance factors, including climate-related risks, in their investment decisions related to workers’ pensions. The order also asks the Department to report on other measures that can be implemented to protect the life savings and pensions of U.S. workers and families from climate-related financial risk, and to assess how the Federal Retirement Thrift Investment Board has taken environmental, social, and governance factors, including climate-related risk, into account.

Modernize Federal Lending, Underwriting, and Procurement. The Executive Order directs the development of recommendations for improving how Federal financial management and reporting can incorporate climate-related financial risk, especially as that risk relates to federal lending programs.  It also requires consideration of new requirements for major federal suppliers to disclose greenhouse gas emissions and climate-related financial risks and to ensure that major federal agency procurements minimize those risks.

Reduce the Risk of Climate Change to the Federal Budget. The Executive Order ensures that the federal government is taking steps to be fiscally responsible in response to the significant risk that unmitigated climate change poses to the federal budget through increased costs and lost revenue. The Executive Order directs that the federal government develop and publish annually an assessment of its climate-related fiscal risk exposure. It also directs the Office of Management and Budget to reduce the federal government’s exposure through the formulation of the President’s Budget and oversight of budget execution.

President Biden Tells Nation ‘We have stared into the abyss of insurrection and autocracy, pandemic and pain, and “We the People” did not flinch’

President Biden, putting the Reagan canard to pasture, tells nation in his State of the Union Address: “It’s time to remember that ‘We the People’ are the government — you and I.  Not some force in a distant capital.  Not some powerful force that we have no control over.  It’s us.  It’s ‘We the People’… ‘We have stared into the abyss of insurrection and autocracy, pandemic and pain, and ‘We the People’ did not flinch.” © Karen Rubin/news-photos-features.com via msnbc

Here is a highlighted transcript of President Joe Biden’s speech to a joint session of Congress, April 28, 2021:

9:06 P.M. EDT
 
THE PRESIDENT:  Thank you.  (Applause.)  Thank you.  Thank you.  Good to be back.  And Mitch and Chuck will understand it’s good to be almost home, down the hall.  Anyway, thank you all.
 
Madam Speaker, Madam Vice President — (applause) — no President has ever said those words from this podium.  No President has ever said those words, and it’s about time.  (Applause.)
 
First Lady — (applause) — I’m her husband; Second Gentleman; Chief Justice; members of the United States Congress and the Cabinet; distinguished guests; my fellow Americans: While the setting tonight is familiar, this gathering is just a little bit different — a reminder of the extraordinary times we’re in.
 
Throughout our history, Presidents have come to this chamber to speak to Congress, to the nation, and to the world to declare war, to celebrate peace, to announce new plans and possibilities.
 
Tonight, I come to talk about crisis and opportunity, about rebuilding the nation, revitalizing our democracy, and winning the future for America.
 
I stand here tonight, one day shy of the 100th day
of my administration — 100 days since I took the oath of office and lifted my hand off our family Bible and inherited a nation — we all did — that was in crisis.
 
The worst pandemic in a century.  The worst economic crisis since the Great Depression.  The worst attack on our democracy since the Civil War.
 
Now, after just 100 days, I can report to the nation: America is on the move again — (applause) — turning peril into possibility, crisis to opportunity, setbacks into strength.
 
We all know life can knock us down.  But in America, we never, ever, ever stay down.  Americans always get up.  Today, that’s what we’re doing: America is rising anew, choosing hope over fear, truth over lies, and light over darkness.
 
After 100 days of rescue and renewal, America is ready for takeoff, in my view.  We’re working again, dreaming again, discovering again, and leading the world again.
 
We have shown each other and the world that there’s no quit in America — none.
 
One hundred days ago, America’s house was on fire.  We had to act.  And thanks to the extraordinary leadership of Speaker Pelosi; Majority Leader Schumer; and the overwhelming support of the American people — Democrats, independents, and Republicans — we did act.
 
Together we passed the American Rescue Plan — one of the most consequential rescue packages in American history.  We’re already seeing the results.  (Applause.)   We’re already seeing the results. 
 
After I promised we’d get 100 million COVID-19 vaccine shots into people’s arms in 100 days, we will have provided over 220 million COVID shots in those 100 days.  (Applause.)
 
Thanks to all the help of all of you, we’re marshalling — with your help, everyone’s help — we’re marshalling every federal resource.  We’ve gotten vaccines to nearly 40,000 pharmacies and over 700 Community Health Centers where the poorest of the poor can be reached.  We’re setting up community vaccination sites, developing mobile units to get to hard-to-reach communities.
 
Today, 90 percent of Americans now live within five miles of a vaccination site.  Everyone over the age of 16 – everyone is now eligible to get vaccinated right now, right away.  (Applause.)  Go get vaccinated, America.  Go and get the vaccination.  They’re available.  You’re eligible now.
 
When I was sworn in on January 20th, less than 1 percent of the seniors in America were fully vaccinated against COVID-19.  One hundred days later, 70 percent of seniors in America over 65 are protected — fully protected.  
 
Senior deaths from COVID-19 are down 80 percent since January — down 80 percent because of all of you.  And more than half of all the adults in America have gotten at least one shot.
 
At a mass vaccination center in Glendale, Arizona, I asked a nurse — I said, “What’s it like?”  She looked at me and she said, “It’s like every shot is giving a dose of hope” — was the phrase.  “A dose of hope.”
 
A dose of hope for an educator in Florida who has a child suffering from an autoimmune disease — wrote to me, said she’s worried — that she was worrying about bringing the virus home.  She said she then got vaccinated at a — at a large site, in her car.  She said she sat in her car, when she got vaccinated, and just cried — cried out of joy and cried out of relief.
 
Parents see the smiles on their kids’ faces, for those who are able to go back to school because the teachers and school bus drivers and cafeteria workers have been vaccinated.
 
Grandparents hugging their children and grandchildren instead of pressing hands against a window to say goodbye.
 
It means everything.  Those things mean everything.
 
You know, there’s still — you all know it; you know it better than any group of Americans — there’s still more work to do to beat this virus.  We can’t let our guard down.
 
But tonight I can say it: Because of you, the American people, our progress these past 100 days against one of the worst pandemics in history has been one of the greatest logistical achievements — logistical achievements this country has ever seen.
 
What else have we done in those first 100 days?
 
We kept our commitment — Democrats and Republicans — of sending $1,400 rescue checks to 85 percent of American households.  We’ve already sent more than one — 160 million checks out the door.  It’s making the difference.  You all know it when you go home.  For many people, it’s making all the difference in the world.
 
A single mom in Texas who wrote to me, she said she couldn’t work, but she said the relief check put food on the table and saved her and her son from eviction from their apartment.
 
A grandmother in Virginia who told me she immediately took her granddaughter to the eye doctor — something she said she put off for months because she didn’t have the money. 
 
One of the defining images, at least from my perspective, of this crisis has been cars lined up — cars lined up for miles.  And not — not people who just barely ever start those cars — nice cars lined up for miles, waiting for a box of food to be put in their trunk.
 
I don’t know about you, but I didn’t ever think I’d see that in America.  And all of this is through no fault of their own.  No fault of their own these people are in this position.
 
That’s why the Rescue Plan is delivering food and nutrition assistance to millions of Americans facing hunger, and hunger is down sharply already. 
 
We’re also providing rental assistance — you all know this, but the American people, I want to make sure they understand — keeping people from being evicted from their homes, providing loans to small businesses to reopen and keep their employees on the job.
 
During these 100 days, an additional 800,000 Americans enrolled in the Affordable Care Act when I established the special sign-up period to do that — 800,000 in that period.
 
We’re making one of the largest one-time ever investments — ever — in improving healthcare for veterans.  Critical investments to address the opioid crisis.  And, maybe most importantly, thanks to the American Rescue Plan, we’re on track to cut child poverty in America in half this year.  (Applause.)
 
      [Notably, the Republicans kept their seats and silence.]

And in the process, while this was all going on, the economy created more than 1,300,000 new jobs in 100 days — more jobs in the first — (applause) — more jobs in the first 100 days than any President on record.
 
The International Monetary Fund — (applause) — the International Monetary Fund is now estimating our economy will grow at a rate of more than 6 percent this year.  That will be the fastest pace of economic growth in this country in nearly four decades.
 
America is moving — moving forward — but we can’t stop now.  We’re in competition with China and other countries to win the 21st Century.  We’re at a great inflection point in history.
 
We have to do more than just build back better — I mean “build back.”  We have to build back better.  We have to compete more strenuously than we have.
 
Throughout our history, if you think about it, public investment and infrastructure has literally transformed America — our attitudes, as well as our opportunities.
 
The transcontinental railroad, the interstate highways united two oceans and brought a totally new age of progress to the United States of America.
 
Universal public schools and college aid
opened wide the doors of opportunity.
 
Scientific breakthroughs took us to the Moon — now we’re on Mars; discovering vaccines; gave us the Internet and so much more.
 
These are the investments we made together as one country, and investments that only the government was in a position to make.  Time and again, they propel us into the future.
 
That’s why I proposed the American Jobs Plan — a once-in-a-generation investment in America itself.  This is the largest jobs plan since World War Two.
 
It creates jobs to upgrade our transportation infrastructure; jobs modernizing our roads, bridges, highways; jobs building ports and airports, rail corridors, transit lines. 
 
It’s clean water.  And, today, up to 10 million homes in America and more than 400,000 schools and childcare centers have pipes with lead in them, including in drinking water — a clear and present danger to our children’s health.
 
The American Jobs Plan creates jobs replacing 100 percent of the nation’s lead pipes and service lines so every American can drink clean water.  (Applause.)
 
And in the process, it will create thousands and thousands of good-paying jobs.  It creates jobs connecting every American with high-speed Internet, including 35 percent of the rural America that still doesn’t have it.
 
This is going to help our kids and our businesses succeed in the 21st-century economy.
 
And I am asking the Vice President to lead this effort, if she would —
 
THE VICE PRESIDENT:  Of course.
 
THE PRESIDENT:  — because I know it will get done.  (Applause.)
 
It creates jobs, building a modern power grid.  Our grids are vulnerable to storms, hacks, catastrophic failures — with tragic results, as we saw in Texas and elsewhere during the winter storms.
 
The American Jobs Plan will create jobs that will lay thousands of miles of transmission lines needed to build a resilient and fully clean grid.  We can do that.  (Applause.)
 
Look, the American Jobs Plan will help millions of people get back to their jobs and back to their careers.
 
Two million women have dropped out of the workforce during this pandemic — two million.  And too often because they couldn’t get the care they needed to care for their child or care for an elderly parent who needs help.
 
Eight hundred thousand families are on a Medicare waiting list right now to get homecare for their aging parent or loved one with a disability.  If you think it’s not important, check out in your own district.
 
Democrat or Republican — Democrat or Republican voters, their great concern — almost as much as their children — is taking care of an elderly loved one who can’t be left alone.  Medicaid contemplated it, but this plan is going to help those families and create jobs for our caregivers with better wages and better benefits, continuing a cycle of growth.
 
For too long, we’ve failed to use the most important word when it comes to meeting the climate crisis: “jobs.”  Jobs.  Jobs.  (Applause.) 
 
For me, when I think “climate change,” I think “jobs.”
 
The American Jobs Plan will put engineers and construction workers to work building more energy-efficient buildings and homes.  Electrical workers — IBEW members — installing 500,000 charging stations along our highways so we can own — (applause) — so we can own the electric car market.  (Applause.)
 
Farmers — farmers planting cover crops so they can reduce the carbon dioxide in the air and get paid for doing it.  (Applause.)
 
Look, but think about it: There is simply no reason why the blades for wind turbines can’t be built in Pittsburgh instead of Beijing.  No reason.  None.  No reason.  (Applause.)
 
So, folks, there’s no reason why American — American workers can’t lead the world in the production of electric vehicles and batteries.  I mean, there is no reason.  We have this capacity.  (Applause.)  We have the brightest, best-trained people in the world.
 
The American Jobs Plan is going to create millions of good-paying jobs — jobs Americans can raise a family on — as my dad would then say, “with a little breathing room.”
 
And all the investments in the American Jobs Plan will be guided by one principle: Buy American.  (Applause.)  Buy American.
 
And I might note, parenthetically — (applause) — that does not — that does not violate any trade agreement.  It’s been the law since the ’30s: Buy American. 
 
American tax dollars are going to be used to buy American products made in America to create American jobs.  That’s the way it’s supposed to be and it will be in this administration.  (Applause.)
 
And I made it clear to all my Cabinet people.  Their ability to give exemptions has been strenuously limited.  It will be American products.
 
Now I know some of you at home are wondering whether these jobs are for you.  So many of you — so many of the folks I grew up with feel left behind, forgotten in an economy that’s so rapidly changing.  It’s frightening. 
 
I want to speak directly to you.  Because if you think about it, that’s what people are most worried about: “Can I fit in?”
 
Independent experts estimate the American Jobs Plan will add millions of jobs and trillions of dollars to economic growth in the years to come.  It is an eight-year program.  These are good-paying jobs that can’t be outsourced.
 
Nearly 90 percent of the infrastructure jobs created in the American Jobs Plan do not require a college degree; 75 percent don’t require an associate’s degree.
 
The American Jobs Plan is a blue-collar blueprint to build America.  That’s what it is.  (Applause.)
 
And it recognizes something I’ve always said in this chamber and the other.  Good guys and women on Wall Street, but Wall Street didn’t build this country.  The middle class built the country, and unions built the middle class.  (Applause.)
 
So that’s why I’m calling on Congress to pass the Protect the Right to Organize Act — the PRO Act — and send it to my desk so we can support the right to unionize.  (Applause.)
 
And, by the way, while you’re thinking about sending things to my desk — (laughs) — let’s raise the minimum wage to $15.  (Applause.)
 
No one — no one working 40 hours a week — no one working 40 hours a week should live below the poverty line.
 
We need to ensure greater equity and opportunity for women.  And while we’re doing this, let’s get the Paycheck Fairness Act to my desk as well — equal pay.  It’s been much too long.  And if you’re wondering whether it’s too long, look behind me.  (Applause.)
 
And finally, the American Jobs Plan will be the biggest increase in nondefense research and development on record.  We will see more technological change — and some of you know more about this than I do — we’ll see more technological change in the next 10 years than we saw in the last 50.  That’s how rapidly artificial intelligence and so much more is changing.
 
And we’re falling behind the competition with the rest of the world.
 
Decades ago, we used to invest 2 percent of our gross domestic product in America — 2 percent of our gross domestic product — in research and development. 
 
Today, Mr. Secretary, that’s less than 1 percent. 
China and other countries are closing in fast.  We have to develop and dominate the products and technologies of the future:advanced batteries, biotechnology, computer chips, clean energy.
 
The Secretary of Defense can tell you — and those of you on — who work on national security issues know — the Defense Department has an agency called DARPA — the Defense Advanced Research Project Agency.  The people who set up before I came here — and that’s been a long time ago — to develop breakthroughs that enhance our national security -– that’s their only job.  And it’s a semi-separate agency; it’s under the Defense Department.  It’s led to everything from the discovery of the Internet to GPS and so much more that has enhanced our security.
 
The National Institute of Health — the NIH –- I believe, should create a similar Advanced Research Projects Agency for Health.  (Applause.)
 
And that would — here’s what it would do.  It would have a singular purpose: to develop breakthroughs to prevent, detect, and treat diseases like Alzheimer’s, diabetes, and cancer.
 
I’ll still never forget when we passed the cancer proposal the last year I was Vice President — almost $9 million going to NIH.  And if you excuse the point of personal privilege, I’ll never forget you standing and mentioning — saying you’d name it after my deceased son.  It meant a lot.
 
But so many of us have deceased sons, daughters, and relatives who died of cancer.  I can think of no more worthy investment.  I know of nothing that is more bipartisan.  So, let’s end cancer as we know it.  (Applause.)  It’s within our power.  (Applause.)  It’s within our power to do it.  (Applause.)
 
Investments in jobs and infrastructure, like the ones we’re talking about, have often had bipartisan support in the past.  Vice President Harris and I met regularly in the Oval Office with Democrats and Republicans to discuss the Jobs Plan.  And I applaud a group of Republican senators who just put forward their own proposal.
 
So, let’s get to work.  I wanted to lay out, before the Congress, my plan before we got into the deep discussions.  I’d like to meet with those who have ideas that are different — they think are better.  I welcome those ideas. 
 
But the rest of the world is not waiting for us.  I just want to be clear: From my perspective, doing nothing is not an option.  (Applause.)
 
Look, we can’t be so busy competing with one another that we forget the competition that we have with the rest of the world to win the 21st century.
 
Secretary Blinken can tell you, I spent a lot of time with President Xi — traveled over 17,000 miles with him; spent, they tell me, over 24 hours in private discussions with him.  When he called to congratulate me, we had a two-hour discussion.  He’s deadly earnest about becoming the most significant, consequential nation in the world.  He and others — autocrats — think that democracy can’t compete in the 21st century with autocracies because it takes too long to get consensus. 
 
To win that competition for the future, in my view, we also need to make a once-in-a-generation investment in our families and our children.  That’s why I’ve introduced the American Families Plan tonight, which addresses four of the biggest challenges facing American families and, in turn, America.
 
First is access to a good education.  When this nation made 12 years of public education universal in the last century, it made us the best-educated, best-prepared nation in the world.  It’s, I believe, the overwhelming reason that propelled us to where we got in the 21st — in the 20th century. 
 
But the world has caught up, or catching up.  They are not waiting.  I would say, parenthetically: If we were sitting down, put a bipartisan committee together and said, “Okay, we’re going to decide what we do in terms of government providing for free education,” I wonder whether we’d think, as we did in the 20th century, that 12 years is enough in the 21st century.  I doubt it.  Twelve years is no longer enough today to compete with the rest of the world in the 21st Century.
 
That’s why my American Families Plan guarantees four additional years of public education for every person in America, starting as early as we can.
 
The great universities of this country have conducted studies over the last 10 years.  It shows that adding two years of universal high-quality preschool for every three-year-old and four-year-old, no matter what background they come from, it puts them in the position to be able to compete all the way through 12 years.  It increases exponentially their prospect of graduating and going on beyond graduation.
 
The research shows when a young child goes to school — not daycare — they are far more likely to graduate from high school and go to college or something after high school.
 
When you add two years of free community college on top of that, you begin to change the dynamic.  (Applause.)  We can do that.  (Applause.) 
 
And we’ll increase Pell Grants and invest in Historical Black Colleges and Universities, Tribal Colleges, Minority-Serving Institutions.  The reason is: They don’t have the endowments, but their students are just as capable of learning about cybersecurity, just as capable of learning about metallurgy — all the things that are going on that provide those jobs of the future.
 
Jill was  a community college professor who teaches today as First Lady.  She has long said — (applause).  She has long — (applause).  If I’ve heard it once, I’ve heard it a thousand times: “Joe, any country that out-educates us is going to outcompete us.”  She’ll be deeply involved in leading this effort.  Thank you, Jill.
 
Second thing we need: American Families Plan will provide access to quality, affordable childcare.  We guarantee — (applause).  And I’m proposing a legislation to guarantee that low- and middle-income families will pay no more than 7 percent of their income for high-quality care for children up to the age of 5.  The most hard-pressed working families won’t have to spend a dime.
 
Third, the American Families Plan will finally provide up to 12 weeks of paid leave  and medical leave — family and medical leave.  We’re one of the few industrial countries in the world — (applause). 
 
No one should have to choose between a job and paycheck or taking care of themselves and their loved ones –- a parent, a spouse, or child.
 
And fourth, the American Family Plan puts directly into the pockets of millions of Americans.  In March, we expanded a tax credit for every child in a family.  Up to a $3,000 per child, if they’re under six years of age — I mean, excuse me — under six years of age, and $3,600 for children over six years of age.
 
With two parents, two kids, that’s $7,200 in the pockets that’s going to help to take care of your family.  And that will help more than 65 million children and help cut [child] poverty in half.  (Applause.)  And we can afford it. 
 
So we did that in the last piece of legislation we passed. But let’s extend that Child Care Tax Credit at least through the end of 2025.  (Applause.)  
 
The American Rescue Plan lowered healthcare premiums for 9 million Americans who buy their coverage under the Affordable Care Act.  I know that’s really popular on this side of the aisle.  (Laughter.)  But let’s make that provision permanent so their premiums don’t go back up.  (Applause.)  
 
In addition to my Families Plan, I’m going to work with Congress to address, this year, other critical priorities for American families. 
 
The Affordable Care Act has been a lifeline for millions of Americans, protecting people with preexisting conditions, protecting women’s health.  And the pandemic has demonstrated how badly — how badly it’s needed.  Let’s lower deductibles for working families on the Affordable Care — in the Affordable Care Act.  (Applause.)  And let’s lower prescription drug costs.  (Applause.) 
 
We know how to do this.  The last President had that as an objective.  We all know how outrageously expensive drugs are in America. 
 
In fact, we pay the highest prescription drug prices of anywhere in the world right here in America — nearly three times — for the same drug, nearly three times what other countries pay.  We have to change that, and we can. 
 
Let’s do what we’ve always talked about for all the years I was down here in this — in this body — in Congress.  Let’s give Medicare the power to save hundreds of billions of dollars by negotiating lower drug prescription prices.  (Applause.)
 
And, by the way, that won’t just — that won’t just help people on Medicare; it will lower prescription drug costs for everyone. 
 
And the money we save, which is billions of dollars, can go to strengthen the Affordable Care Act and expand Medicare coverage benefits without costing taxpayers an additional penny.  It’s within our power to do it; let’s do it now.  (Applause.)
 
We’ve talked about it long enough.  Democrats and Republicans, let’s get it done this year.  This is all about a simple premise: Healthcare should be a right, not a privilege in America.  (Applause.) 
 
So, how do we pay for my Jobs and Family Plan?  I made it clear, we can do it without increasing the deficits.  Let’s start with what I will not do: I will not impose any tax increase on people making less than $400,000.  It’s — but it’s time for corporate America and the wealthiest 1 percent of Americans to just begin to pay their fair share.  (Applause.)  Just their fair share. 
 
Sometimes I have arguments with my friends in the Democratic Party.  I think you should be able to become a billionaire and a millionaire, but pay your fair share.
 
A recent study shows that 55 of the nation’s biggest corporations paid zero federal tax last year.  Those 55 corporations made in excess of $40 billion in profit.  A lot of companies also evade taxes through tax havens in Switzerland and Bermuda and the Cayman Islands.  And they benefit from tax loopholes and deductions for offshoring jobs and shifting profits overseas.  It’s not right. 
 
We’re going to reform corporate taxes so they pay their fair share and help pay for the public investments their businesses will benefit from as well.  (Applause.)
 
We’re going to reward work, not just wealth.  We take the top tax bracket for the wealthiest 1 percent of Americans — those making over $400,000 or more — back up to where it was when George W. Bush was President when he started: 39.6 percent.  That’s where it was when George W. was President. 
 
We’re going to get rid of the loopholes that allow Americans who make more than a million dollars a year and pay a lower tax rate on their capital gains than Americans who receive a paycheck.   We’re only going to affect three tenths of 1 percent of all Americans by that action.  Three tenths of 1 percent. 
 
And the IRS is going to crack down on millionaires and billionaires who cheat on their taxes.  It’s estimated to be billions of dollars by think tanks that are left, right, and center. 
 
I’m not looking to punish anybody.  But I will not add a tax burden — an additional tax burden to the middle class in this country.  They’re already paying enough.  I believe what I propose is fair — (applause) — fiscally responsible, and it raises revenue to pay for the plans I have proposed, and will create millions of jobs that will grow the economy and enhance our financial standing in the country.
 
When you hear someone say that they don’t want to raise taxes on the wealthiest 1 percent or corporate America, ask them: “Whose taxes you want to raise instead?  Whose are you going to cut?” 
 
Look, the big tax cut of 2017 — remember, it was supposed to pay for itself — that was how it was sold — and generate vast economic growth.  Instead, it added $2 trillion to the deficit.  It was a huge windfall for corporate America and those at the very top.  
 
Instead of using the tax saving to raise wages and invest in research and development, it poured billions of dollars into the pockets of CEOs.  In fact, the pay gap between CEOs and their workers is now among the largest in history. 
 
According to one study, CEOs make 320 times what the average worker in their corporation makes.  It used to be in the — below a hundred. 
 
The pandemic has only made things worse.  Twenty million Americans lost their job in the pandemic — working- and middle-class Americans.  At the same time, roughly 650 billionaires in America saw their net worth increase by more than $1 trillion — in the same exact period.  Let me say it again: 650 people increased their wealth by more than $1 trillion during this pandemic.  And they’re now worth more than $4 trillion. 
 
My fellow Americans, trickle-down — trickle-down economics has never worked and it’s time to grow the economy from the bottom and the middle out. (Applause.) 
 
You know, there’s a broad consensus of economists — left, right, center — and they agree what I’m proposing will help create millions of jobs and generate historic economic growth.  These are among the highest-value investments we can make as a nation. 
 
I’ve often said: Our greatest strength is the power of our example, not just the example of our power.  
 
In my conversations with world leaders — and I’ve spoken to over 38, 40 of them now — I’ve made it known — I’ve made it known that America is back.  And you know what they say?  The comment that I hear most of all from them is they say, “We see America is back but for how long?  But for how long?”
 
My fellow Americans, we have to show not just that we’re back, but that we’re back to stay and that we aren’t going to go it alone.  (Applause.)  We’re going to do it by leading with our allies.  (Applause.)   
 
No one nation can deal with all the crises of our timefrom terrorism, to nuclear proliferation, mass migration, cybersecurity, climate change, as well as experi- — what we’re experiencing now with pandemics. 
 
There’s no wall high enough to keep any virus out.  And our own vaccine supply — as it grows to meet our needs; and we’re meeting them — will become an arsenal of vaccines for other countries, just as America was the arsenal of democracy for the world — (applause) — and in consequence, influenced the world.  (Applause.)  
 
But every American will have access before that occur- — every American will have access to be fully covered by COVID-19 — from the vaccines we have.
 
Look, the climate crisis is not our fight alone; it’s a global fight.  The United States accounts, as all of you know, less than 15 percent of carbon emissions.  The rest of the world accounts for 85 percent.  That’s why I kept my commitment to rejoin the Paris Accord — because if we do everything perfectly, it’s not going to ultimately matter.
 
I kept my commitment to convene a climate summit right here in America with all of the major economies of the world — China, Russia, India, the European Union — and I said I’d do it in my first 100 days.
 
I want to be very blunt about it: I had — my attempt was to make sure that the world could see there was a consensus, that we are at an inflection point in history.  And consensus — the consensus is: If we act to save the planet, we can create millions of jobs and economic growth and opportunity to raise the standard of living to almost everyone around the world.
 
If you’ve watched any of it — and you were all busy; I’m sure you didn’t have much time — that’s what virtually every nation said, even the ones that aren’t doing their fair share.
 
The investments I’ve proposed tonight also advance the foreign policy, in my view, that benefits the middle class.  That means making sure every nation plays by the same rules in the global economy, including China.
 
In my discussions — in my discussions with President Xi, I told him, “We welcome the competition.  We’re not looking for conflict.”  But I made absolutely clear that we will defend America’s interests across the board.  America will stand up to unfair trade practices that undercut American workers and American industries, like subsidies from state — to state-owned operations and enterprises and the theft of American technology and intellectual property.
 
I also told President Xi that we’ll maintain a strong military presence in the Indo-Pacific, just as we do with NATO in Europe — not to start a conflict, but to prevent one.  (Applause.) 
 
I told him what I’ve said to many world leaders: that America will not back away from our commitments — our commitment to human rights and fundamental freedoms and to our alliances.
 
And I pointed out to him: No responsible American President could remain silent when basic human rights are being so blatantly violated.  An American President — President has to represent the essence of what our country stands for.  America is an idea — the most unique idea in history: We are created, all of us, equal.  It’s who we are, and we cannot walk away from that principle and, in fact, say we’re dealing with the American idea.
 
With regard to Russia, I know it concerns some of you, but I made very clear to Putin that we’re not going to seek escalation, but their actions will have consequence if they turn out to be true.  And they turned out to be true, so I responded directly and proportionally to Russia’s interference in our elections and the cyberattacks on our government and our business.  They did both of these things, and I told them we would respond, and we have.
 
But we can also cooperate when it’s in our mutual interest.  We did it when we extended the New START Treaty on nuclear arms, and we’re working to do it on climate change.  But he understands we will respond.
 
On Iran and North Korea — nuclear programs that present serious threats to American security and the security of the world — we’re going to be working closely with our allies to address the threats posed by both of these countries through diplomacy, as well as stern deterrence.
 
And American leadership means ending the forever war in Afghanistan.  (Applause.)  We have — (applause) — we have, without hyperbole, the greatest fighting force in the history of the world.  I’m the first President in 40 years who knows what it means to have a son serving in a warzone. 
 
Today we have servicemembers serving in the same warzone as their parents did.  We have servicemembers in Afghanistan who were not yet born on 9/11.
 
The War in Afghanistan, as we remember the debates here, were never meant to be multi-generational undertakings of nation-building.  We went to Afghanistan to get terrorists — the terrorists who attacked us on 9/11 — and we said we would follow Osama bin Laden to the gates of hell to do it.  If you’ve been to the upper Kunar Valley, you’ve kind of seen the gates of hell.  And we delivered justice to bin Laden.  We degraded the terrorist threat of al Qaeda in Afghanistan.  And after 20 years of value — valor and sacrifice, it’s time to bring those troops home.  (Applause.) 
 
Look, even as we do, we will maintain an over-the-horizon capacity to suppress future threats to the homeland.  And make no mistake: In 20 years, terrorists has — terrorism has metastasized.  The threat has evolved way beyond Afghanistan.  And those of you in the intelligence committees, the foreign relations committee, the defense committees, you know well: We have to remain vigilant against the threats to the United States wherever they come from.  Al Qaeda and ISIS are in Yemen, Syria, Somalia, other places in Africa, the Middle East, and beyond. 
 
And we won’t ignore what our intelligence agencies have determined to be the most lethal terrorist threat to the homeland today: White supremacy is terrorism.  We’re not going to ignore that either.
 
My fellow Americans, look, we have to come together to heal the soul of this nation.  It was nearly a year ago, before her father’s funeral, when I spoke with Gianna Floyd, George Floyd’s young daughter.  She’s a little tyke, so I was kneeling down to talk to her so I could look her in the eye.  And she looked at me and she said, “My daddy changed the world.”  Well, after the conviction of George Floyd’s murderer, we can see how right she was if — if we have the courage to act as a Congress. 
 
We’ve all seen the knee of injustice on the neck of Black Americans.  Now is our opportunity to make some real progress.  The vast majority of men and women wearing the uniform and a badge serve our communities, and they serve them honorably.  I know them.  I know they want — (applause) — I know they want to help meet this moment as well.
 
My fellow Americans, we have to come together to rebuild trust between law enforcement and the people they serve, to root out systemic racism in our criminal justice system, and to enact police reform in George Floyd’s name that passed the House already. 
 
I know Republicans have their own ideas and are engaged in the very productive discussions with Democrats in the Senate.  We need to work together to find a consensus.  But let’s get it done next month, by the first anniversary of George Floyd’s death.  (Applause.) 
 
The country supports this reform, and Congress should act — should act.  We have a giant opportunity to bend to the arc of the moral universe towards justice — real justice.  And with the plans outlined tonight, we have a real chance to root out systemic racism that plagues America and American lives in other ways; a chance to deliver real equity — good jobs, good schools, affordable housing, clean air, clean water, being able to generate wealth and pass it down two generations because you have an access to purchase a house.  Real opportunities in the lives of more Americans — Black, white, Latino, Asian Americans, Native Americans.
 
Look, I also want to thank the United States Senate for voting 94 to 1 to pass the COVID-19 Hate Crimes Act to protect Asian Americans and Pacific Islanders.  (Applause.)  You acted decisively.  (Applause.)  And you can see on television the viciousness of the hate crimes we’ve seen over the past year — this past year and for too long.  I urge the House to do the same and send that legislation to my desk, which I will gladly, anxiously sign.
 
I also hope Congress can get to my desk the Equality Act to protect LGBTQ Americans.  (Applause.)  To all transgender Americans watching at home, especially young people who are so brave, I want you to know your President has your back.
 
Another thing: Let’s authorize the Violence Against Women Act, which has been law for 27 years.  (Applause.)  Twenty-seven years ago, I wrote it.  It’ll close the — the act that has to be authorized now will close the “boyfriend” loophole to keep guns out of the hands of abusers.  The court order said, “This is an abuser.  You can’t own a gun.”  It’s to close that loophole that existed. 
 
You know, it’s estimated that 50 women are shot and killed by an intimate partner every month in America — 50 a month.  Let’s pass it and save some lives.  (Applause.)
    
And I need not — I need not tell anyone this, but gun violence is becoming an epidemic in America.
 
The flag at the White House was still flying at half-mast for the 8 victims in the mass shooting in Georgia when 10 more lives were taken in a mass shooting in Colorado.
 
And in the week in between those two events, 250 other Americans were shot dead in the streets of America — 250 shot dead.
 
I know how hard it is to make progress on this issue.  In the ’90s, we passed universal background checks, a ban on assault weapons and high-capacity magazines that hold 100 rounds that can be fired off in seconds.  We beat the NRA.  Mass shootings and gun violence declined.  Check out the report in over 10 years.  But in the early twe- — 2000s, the law expired, and we’ve seen daily bloodshed since.  I’m not saying if the law continued, we wouldn’t see bloodshed.  
 
More than two weeks ago in the Rose Garden, surrounded by some of the bravest people I know — the survivors and families who lost loved ones to gun violence — I laid out several of the Department of Justice a- — actions that are being taken to — impact on this epidemic. 
 
One of them is banning so-called “ghost guns.”  These are homemade guns built from a kit that includes directions on how to finish the firearm.  The parts have no serial numbers, so they show up at crime scenes and they can’t be traced.  The buyers of these ghost gun kits aren’t required to pass any background check.  Anyone, from a criminal or terrorist, could buy this kit and within 30 minutes have a weapon that’s lethal.  But no more.
 
And I will do everything in my power to protect the American people from this epidemic of gun violence, but it’s time for Congress to act as well.  (Applause.)
 
Look, I don’t want to become confrontational but we need more Senate Republicans to join the overwhelming majority of Democrat colleagues and close the loopholes requiring a background check on purchases of guns.  We need a ban on assault weapons and high-capacity magazines.  And don’t tell me it can’t be done.  We did it before, and it worked.
 
Talk to most responsible gun owners and hunters. They’ll tell you there’s no possible justification for having 100 rounds in a weapon.  What do you think — deer are wearing Kevlar vests?  (Laughter.)  They’ll tell you that there are too many people today who are able to buy a gun but shouldn’t be able to buy a gun.
 
These kinds of reasonable reforms have overwhelming support from the American people, including many gun owners.  The country supports reform and is — and Congress should act.
 
This shouldn’t be a red or blue issue.  And no amendment to the Constitution is absolute.  You can’t yell “Fire!” in a crowded theater.  From the very beginning, there were certain guns, weapons, that could not be owned by Americans.  Certain people could not own those weapons ever. 
 
We’re not changing the Constitution; we’re being reasonable.  I think this is not a Democrat or Republican issue; I think it’s an American issue.
 
And here’s what else we can do: Immigration has always been essential to America.  Let’s end our exhausting war over immigration.  For more than 30 years, politicians have talked about immigration reform, and we’ve done nothing about it.  It’s time to fix it.
 
On day one of my presidency, I kept my commitment and sent a comprehensive immigration bill to the United States Congress.  If you believe we need to secure the border, pass it, because it has a lot of money for high-tech border security.  If you believe in a pathway to citizenship, pass it so over 11 million undocumented folks — the vast majority are here overstaying visas.  Pass it.  We can actually — if you actually want to solve a problem, I’ve sent a bill to take a close look at it. 
 
We have to — also have to get at the root problem of why people are fleeing, particularly to — to our southern border from Guatemala, Honduras, and El Salvador: the violence, the corruption, the gangs, and the political instability, hunger, hurricanes, earthquakes, natural disasters.
 
 
When I was President, my President — when I was Vice President, the President asked me to focus on providing the help needed to address the root causes of migration.  And it helped keep people in their own countries instead of being forced to leave.  The plan was working, but the last administration decided it was not worth it.
 
I’m restoring the program and asked Vice President Harris to lead our diplomatic effort to take care of this.  I have absolute confidence she’ll get the job done.  (Applause.)
 
Now, look, if you don’t like my plan, let’s at least pass what we all agree on.  Congress needs to pass legislation this year to finally secure protection for DREAMers — the young people who have only known America as their home.  (Applause.) 
 
And permanent protection for immigrants who are here on temporary protected status who came from countries beset by manmade and natural-made violence and disaster.  (Applause.)
 
As well as a pathway to citizenship for farmworkers who put food on our tables.  (Applause.) 
 
Look, immigrants have done so much for America during this pandemic and throughout our history.  The country supports immigration reform.  We should act.  Let’s argue over it, let’s debate it, but let’s act.  (Applause.)
 
And if we truly want to restore the soul of America, we need to protect the sacred right to vote.  Most people — (applause).  
 
More people voted in the last presidential election than any time in American history, in the middle of the worst pandemic ever.  It should be celebrated.  Instead, it’s being attacked.
 
Congress should pass H.R. 1 and the John Lewis Voting Rights Act and send it to my desk right away.
  (Applause.)  The country supports it.  The Congress should act now.  (Applause.)
 
Look, in closing, as we gather here tonight, the images of a violent mob assaulting this Capitol, desecrating our democracy, remain vivid in all our minds.
 
Lives were put at risk — many of your lives.  Lives were lost.  Extraordinary courage was summoned.  The insurrection was an existential crisis –- a test of whether our democracy could survive.  And it did.
 
But the struggle is far from over.  The question of whether our democracy will long endure is both ancient and urgent, as old as our Republic — still vital today. 
 
Can our democracy deliver on its promise that all of us, created equal in the image of God, have a chance to lead lives of dignity, respect, and possibility?
 
Can our democracy deliver the most — to the most pressing needs of our people? 
 
Can our democracy overcome the lies, anger, hate, and fears that have pulled us apart?
 
America’s adversaries –- the autocrats of the world –- are betting we can’t.  And I promise you, they’re betting we can’t.  They believe we’re too full of anger and division and rage.
 
They look at the images of the mob that assaulted the Capitol as proof that the sun is setting on American democracy.  But they are wrong.  You know it; I know it.  But we have to prove them wrong.
 
We have to prove democracy still works — that our government still works and we can deliver for our people.
 
In our first 100 days together, we have acted to restore the people’s faith in democracy to deliver.  We’re vaccinating the nation.  We’re creating hundreds of thousands of new jobs.  We’re delivering real results to people; they can see it and feel it in their own lives.
 
Opening doors of opportunity, guaranteeing some more fairness and justice — that’s the essence of America.  That’s democracy in action.
 
Our Constitution opens with the words — as trite as it sounds — “We the People”.  Well, it’s time to remember that “We the People” are the government — you and I.  Not some force in a distant capital.  Not some powerful force that we have no control over.  It’s us.  It’s “We the People.”
 
In another era when our democracy was tested, Franklin Roosevelt reminded us, “In America, we do our part.”  We all do our part.  That’s all I’m asking: that we do our part, all of us.
 
If we do that, we will meet the center challenge of the age by proving that democracy is durable and strong.  Autocrats will not win the future.  We will.  America will.  And the future belongs to America.
 
As I stand here tonight before you, in a new and vital hour of life and democracy of our nation, and I can say with absolute confidence: I have never been more confident or optimistic about America — not because I’m President, because what’s happening with the American people.
 
We have stared into the abyss of insurrection and autocracy, pandemic and pain, and “We the People” did not flinch.
 
At the very moment our adversaries were certain we would pull apart and fail, we came together.  We united.
 
With light and hope, we summoned a new strength, new resolve to position us to win the competition of the 21st century, on our way to a union more perfect, more prosperous, and more just, as one people, one nation, and one America.
 
Folks, as I told every world leader I’ve ever met with over the years, it’s never ever, ever been a good bet to bet against America, and it still isn’t.  (Applause.)
 
We are the United States of America.  (Applause.)  There is not a single thing — nothing — nothing beyond our capacity.  We can do whatever we set our mind to do if we do it together.  (Applause.)  So let’s begin to get together.  (Applause.)
 
God bless you all, and may God protect our troops.  Thank you for your patience.  (Applause.)
 
10:12 P.M. EDT