Today, the White House released state fact sheets highlighting how the Inflation Reduction Act tackles the climate crisis in states across the country and how families and communities can benefit from a clean energy future. The fact sheet outlines how families can save on their utility bills, get tax credits for electric vehicles and energy-saving appliances, and access the economic opportunities of the clean energy future.
President Biden and Congressional Democrats beat back special interests to pass this historic legislation, delivering the most significant action in U.S. history to tackle the climate crisis and strengthen U.S. energy security. By signing the Inflation Reduction Act, President Biden is delivering on his promise to lower energy costs, create good-paying jobs, and deliver a clean, secure, and healthy future for families across America.
Here is an edited, highlighted transcript of President Joe Biden’s remarks as he signed the Inflation Reduction Act, with historic investments in climate action, long-fought improvements in health care and prescription drug affordability, tax reform and deficit reduction, and in the immortal words of Biden as Obama’s VP, a “BFD.”–Karen Rubin/news-photos-features.com
President Joe Biden signs the historic, transformative Inflation Reduction Act, saying “It’s about tomorrow. It’s about delivering progress and prosperity to American families.” The act makeshistoric investments in climate action, long-fought improvements in health care and prescription drug affordability, tax reform and deficit reduction, and in the immortal words of Biden as Obama’s VP, a “BFD.” (via C-Span)
I’m about to sign the Inflation Reduction Act into law, one of the most significant laws in our history. Let me say from the start: With this law, the American people won and the special interests lost. The American people won and the special interests lost.
For a while, people doubted whether any of that was going to happen. But we are in a season of substance. This administration began amid a dark time in America — as Jim said, “a once-in-a-century pandemic” — devastating joblessness, clear and present threats to democracy and the rule of law, doubts about America’s future itself.
And yet, we’ve not wavered. We’ve not flinched. And we’ve not given in. Instead, we’re delivering results for the American people. We didn’t tear down; we built up. We didn’t look back; we looked forward.
And today — today offers further proof that the soul of America is vibrant, the future of America is bright, and the promise of America is real and just beginning. (Applause.)
Look, the bill I’m about to sign is not just about today, it’s about tomorrow. It’s about delivering progress and prosperity to American families.
It’s about showing the American and the American people that democracy still works in America — notwithstanding all the — all the talk of its demise — not just for the privileged few, but for all of us.
You know, I swore an oath of office to you and to God to faithfully execute the duties of this sacred office.
To me, the critical duty — the critical duty of the presidency is to defend what is best about America. And that’s not hyperbole. Defend what’s best about America. To pursue justice, to ensure fairness, and to deliver results that create possibilities — possibilities that all of us — all of us can live a life of consequence and prosperity in a nation that’s safe and secure. That’s the job.
Fulfilling that pledge to you guides me every single hour of every single day in this job.
You know, presidents should be judged not only by our words, but by our deeds; not by our rhetoric, but by our actions; not by our promise, but by reality.
And today is part of an extraordinary story that’s being written by this administration and our brave allies in the Congress.
This law — this law that I’m about to sign finally delivers on a promise that Washington has made for decades to the American people.
I got here as a 29-year-old kid. We were promising to make sure that Medicare would have the power to negotiate lower drug prices back then — back then — prescription drug prices.
But guess what? We’re giving Medicare the power to negotiate those prices now, on some drugs.
This means seniors are going to pay less for their prescription drugs while we’re changing circumstances for people on Medicare by putting a cap — a cap of a maximum of $2,000 a year on their prescription drug costs, no matter what the reason for those prescriptions are.
That means if you’re on Medicare, you’ll never have to pay more than $2,000 a year no matter how many prescriptions you have, whether it’s for cancer or any other disease. No more than $2,000 a year.
And you all know it because a lot of you come from families that need this. This is a Godsend. This is a Godsend to many families and so, so long overdue.
The Inflation Reduction Act locks in place lower healthcare premiums for millions of families who get their coverage under the Affordable Care Act.
Last year, a family of four saved on average $2,400 through the American Rescue Plan that I signed into law that Congress voted in place.
In the years ahead, thanks to the Inflation Reduction Act, 13 million people are going to continue — continue to save an average of $800 a year on health insurance.
The Inflation Reduction Act invests $369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our economic — our energy security.
It’s going to offer working families thousands of dollars in savings by providing them rebates to buy new and efficient appliances, weatherize their homes, get tax credit for purchasing heat pumps and rooftop solar, electric stoves, ovens, dryers.
It gives consumers a tax credit to buy electric vehicles or fuel cell vehicles, new or used. And it gives them a credit — a tax credit of up to $7,500 if those vehicles were made in America.
American auto companies, along with American labor, are committing their treasure and their talent — billions of dollars in investment — to make electric vehicles and battery and electric charging stations all across America, made in America. All of it made in America.
This new law also provides tax credits that’s going to create tens of thousands of good-paying jobs and clean energy manufacturing jobs, solar factories in the Midwest and the South, wind farms across the plains and off our shores, clean hydrogen projects and more — all across America, every part of America.
This bill is the biggest step forward on climate ever — ever — and it’s going to allow us to boldly take additional steps toward meeting all of my climate goals — the ones we set out when we ran.
It includes ensuring that we create clean energy opportunities in frontline and fence-line communities that have been smothered — smothered by the legacy of pollution, and fight environmental injustice that’s been going on for so long.
And here’s another win for the American people: In addition to cutting the deficit by $350 billion last year, in my first year in office, and cutting it $1.7 trillion this year, this fiscal year, we’re going to cut the deficit — I point out — by another $300 billion with the Inflation Reduction Act over the next decade.
We’re cutting deficit to fight inflation by having the wealthy and big corporations finally begin to pay part of their fair share.
Big corporations will now pay a minimum 15 percent tax instead of 55 of them got away with paying zero dollars in federal income tax on $40 billion in profit.
And I’m keeping my campaign commitment: No one — let me emphasize — no one earning less than $400,000 a year will pay a penny more in federal taxes. (Applause.)
Folks, the Inflation Reduction Act does so many things that, for so many years, so many of us have fought to make happen.
And let’s be clear: In this historic moment, Democrats sided with the American people, and every single Republican in the Congress sided with the special interests in this vote — every single one.
In fact, the big drug companies spent nearly $100 million to defeat this bill. A hundred million dollars.
And remember: Every single Republican in Congress voted against this bill.
Every single Republican in Congress voted against lowering prescription drug prices, against lowering healthcare costs, against a fairer tax system.
Every single Republican — every single one — voted against tackling the climate crisis, against lowering our energy costs, against creating good-paying jobs.
My fellow Americans, that’s the choice we face: We can protect the already-powerful or show the courage to build a future where everybody has an even shot.
That’s the America I believe in. (Applause.) That’s what I believe in.
And today — and today, we’ve come a step closer to making that America real.
Today, too often we confuse noise with substance. Too often we confuse setbacks with defeat. Too often we hand the biggest microphone to the critics and the cynics who delight in declaring failure while those committed to making real progress do the hard work of governing.
Making progress in this country as big and complicated as ours clearly is not easy. It’s never been easy.
But with unwavering conviction, commitment, and patience, progress does come…
And when it does, like today, people’s lives are made better and the future becomes brighter, and a nation can be transformed.
That’s what’s happening now. From the American Rescue Plan that helped create nearly 10 million new jobs, to a once-in-a-generation infrastructure law that will rebuild America’s roads, bridges, ports; deliver clean water, high-speed Internet to every American; to the first meaningful gun safety law in 30 years — and if I have anything to do with it, we’re still going to have an assault weapons ban, but that’s another story. And to get significant veterans’ healthcare law in decades, for the first time; to a groundbreaking CHIPS and Science Law that’s going to ensure that technologies and jobs of the future are made here in America — in America.
(Applause.)
And all this progress is part of our vision and plan and determined effort to get the job done for the American people, so they can look their child in the eye and say, “Honey, it’s going to be okay. Everything is going to be okay.”
Everything is going to make sure that democracy delivers for your generation. Because I think that’s at stake.
And, now, I know there are those here today who hold a dark and despairing view of this country. I’m not one of them.
I believe in the promise of America. I believe in the future of this country. I believe in the very soul of this nation. And most of all, I believe in you, the American people.
I believe to my core there isn’t a single thing this country cannot do when we put our mind to it. We just have to remember who we are. We are the United States of America.
There is nothing nothing beyond our capacity. That’s why so many foreign companies decided to invest their — make chips in America. Billions of dollars. We’re the best. We have to believe in ourselves again.
And now I’m going to take action that I’ve been looking forward to doing for 18 months. (Laughter and applause.) I’m going to sign the Inflation Reduction Law. (Applause.)
White House Press Secretary Jen Psaki issued this statement following Senator Joe Manchin’s surprising reversal in declaring he would vote “no” on President Joe Biden’s Build Back Better bill, despite assurances given to Progressives when they agreed to de-couple the Bipartisan Infrastructure bill from the budget reconciliation framework to provide universal pre-K, child care and elder care, affordable prescription drugs, and mitigate climate change. Manchin has strung along the President and Democrats for months. Here is her statement:
Senator Manchin’s comments this morning on FOX are at odds with his discussions this week with the President, with White House staff, and with his own public utterances. Weeks ago, Senator Manchin committed to the President, at his home in Wilmington, to support the Build Back Better framework that the President then subsequently announced. Senator Manchin pledged repeatedly to negotiate on finalizing that framework “in good faith.”
On Tuesday of this week, Senator Manchin came to the White House and submitted—to the President, in person, directly—a written outline for a Build Back Better bill that was the same size and scope as the President’s framework, and covered many of the same priorities. While that framework was missing key priorities, we believed it could lead to a compromise acceptable to all. Senator Manchin promised to continue conversations in the days ahead, and to work with us to reach that common ground. If his comments on FOX and written statement indicate an end to that effort, they represent a sudden and inexplicable reversal in his position, and a breach of his commitments to the President and the Senator’s colleagues in the House and Senate.
Senator Manchin claims that this change of position is related to inflation, but the think tank he often cites on Build Back Better—the Penn Wharton Budget Institute—issued a report less than 48 hours ago that noted the Build Back Better Act will have virtually no impact on inflation in the short term, and, in the long run, the policies it includes will ease inflationary pressures. Many leading economists with whom Senator Manchin frequently consults also support Build Back Better.
Build Back Better lowers costs that families pay. It will reduce what families pay for child care. It will reduce what they pay for prescription drugs. It will lower health care premiums. And it puts a tax cut in the pockets of families with kids. If someone is concerned about the impact that higher prices are having on families, this bill gives them a break.
Senator Manchin cited deficit concerns in his statement. But the plan is fully paid for, is the most fiscally responsible major bill that Congress has considered in years, and reduces the deficit in the long run. The Congressional Budget Office report that the Senator cites analyzed an unfunded extension of Build Back Better. That’s not what the President has proposed, not the bill the Senate would vote on, and not what the President would support. Senator Manchin knows that: The President has told him that repeatedly, including this week, face to face.
Likewise, Senator Manchin’s statement about the climate provisions in Build Back Better are wrong. Build Back Better will produce a job-creating clean energy future for this country—including West Virginia.
Just as Senator Manchin reversed his position on Build Back Better this morning, we will continue to press him to see if he will reverse his position yet again, to honor his prior commitments and be true to his word.
In the meantime, Senator Manchin will have to explain to those families paying $1,000 a month for insulin why they need to keep paying that, instead of $35 for that vital medicine. He will have to explain to the nearly two million women who would get the affordable day care they need to return to work why he opposes a plan to get them the help they need. Maybe Senator Manchin can explain to the millions of children who have been lifted out of poverty, in part due to the Child Tax Credit, why he wants to end a program that is helping achieve this milestone—we cannot.
We are proud of what we have gotten done in 2021: the American Rescue Plan, the fastest decrease in unemployment in U.S. history, the Bipartisan Infrastructure Law, over 200 million Americans vaccinated, schools reopened, the fastest rollout of vaccines to children anywhere in the world, and historic appointments to the Federal judiciary.
But we will not relent in the fight to help Americans with their child care, health care, prescription drug costs, and elder care—and to combat climate change. The fight for Build Back Better is too important to give up. We will find a way to move forward next year.
Senate Democrats released a report summarizing what to expect on Election Day, which may well mean not to expect a result Election Night (c) Karen Rubin/news-photos-features.com
WASHINGTON, October 18 – Senate Democrats today released a report summarizing for the American people what to expect on Election Day, which may well mean in this unprecedented Election Year, not to expect a result on Election Night, They reinforced the Democrats’ call to encourage everyone to vote and to insure that every vote is counted, and is aimed at countering the months-long effort by President Trump to undermine the election and his repeated refusal to commit to a peaceful transfer of power. With the general election already well underway in every state across the country, Senate Democrats have a clear message for the American people: Vote and cast your ballot as early as possible.
While expressing optimism that Election Day will go smoothly around the country, the report, jointly authored by Budget Committee Ranking Member Bernie Sanders (I-Vt.), Senate Democratic Leader Chuck Schumer (D-N.Y.), Senate Rules Committee Ranking Member Amy Klobuchar (D-Minn.), Senator Chris Murphy (D-Conn.), Senator Martin Heinrich (D-N.M.), and Senator Tammy Duckworth (D-Ill.), outlines the possibility that in some states, the outcome might not be known on November 3.
The last message from the report is to make absolutely clear that voter intimidation is illegal and that federal law prohibits coercing or threatening anyone in order to interfere with their right to vote.
“The American people must be prepared for an election that is unprecedented in our history due to the enormous increase in mail-in ballots that have been, and will be, cast as a result of the pandemic,” said Senator Sanders. No one should have to risk their health or their lives in order to vote, and that is why many millions are voting through mail-in ballots. One of the worst lies that Donald Trump is spreading is that there is a massive amount of voter fraud in this country. That is a total lie which no election official, Republican or Democrat, can support. What we are doing with this effort is ensuring that the American people understand that if American democracy means anything, it means that every vote must be counted—no matter how long it takes.”
“President Trump has for months now been laying the foundation to undermine the election and he has repeatedly refused to commit to a peaceful transfer of power if he loses. Senate Democrats want to be clear to the American people that the most powerful defense against this type of autocratic behavior in our country is the will of the American people and that is why we are encouraging every American to vote and vote early,” said Leader Schumer.
“The election is well underway, and Americans are voting in droves because they know what is at stake. We must do everything we can to protect the right to vote, and uphold the integrity of the election process. That means pushing back on President Trump’s lies about mail-in ballots and his efforts to sow chaos. It also means making sure that Americans know that a record number of people are voting by mail this year, which could slow the reporting in some states. We should be prepared to reject misinformation and be patient about results in places where counting ballots may take longer. Americans should keep making their voices heard at the ballot box, the earlier the better,” said Senator Klobuchar.
“Despite what Donald Trump wants you to believe, the integrity of our election system is strong,” said Senator Murphy. Every American must vote—and vote early—in the upcoming presidential election, so we can make it clear to Trump and the world that America remains a democracy, the will of the people will always win out, and that any form of voter intimidation is illegal and will not be tolerated.”
“President Trump’s dangerous rhetoric threatens to further divide our country and sow real potential for violence. The most important thing each of us can do to combat disinformation and fear is to vote and vote early. There is little doubt that this is the most important election we will participate in in our lives. Our elections are the foundation of American democracy. Protecting them should be the top priority for everyone who cares about the future of our country. Election officials, courts, and elected leaders must be accountable for upholding that principle,” said Senator Heinrich.
“Despite Donald Trump’s lies and misinformation about nonexistent widespread voter fraud, the integrity of the American election system—our entire election process from voting by mail to voting in person—is strong. If voting by mail is safe and effective for our troops overseas and good enough for Trump and his family to use, then it’s safe, effective and good enough for the rest of America too,” said Senator Duckworth. No matter what Trump says—or even what he might prefer—Senate Democrats will never allow the greatest democracy the world has ever known to descend into authoritarianism. We will always be a government of, by and for the people.”
Governor Andrew Cuomo in his daily briefing in which noted that New York State’s COVID-19 infection rate has been below 1 percent for 32 straight days., laid out a searing attack on Donald Trump, charging that Trump is waging war on Democratic-lead cities.
“Trump is actively trying to kill New York City,” Cuomo declared. “It is personal. I think it’s psychological. He is trying to kill New York City…
“We lose more people per day to COVID than any nation on the globe. You know who did that? Donald Trump’s incompetence. And now they won’t provide federal funding to help repair the damage from the ambush they created…
“The federal government must provide a response; if they don’t provide a response the national economy will suffer for years. Every economist says that They don’t want to provide a response, why? Because they’re playing politics. They don’t want to help Democratic states. They don’t want to help Democratic cities.”
Cuomo put it into the context of Trump administration’s failure to take measures to prevent the spread of the coronavirus which came into New York and the Northeast from Europe, not China, causing untold emotional and economic harm, and now doing everything possible to prevent the city and state from recovering economically.
Here are his highlighted remarks –Karen Rubin/news-photos-features.com
The good news is this: reopening is proceeding and our strategy is working. New Yorkers are doing a better job than any state in the United States of America— period— and I’m proud to be a New Yorker. The bad news is we have after-effects of COVID, social after-effects. We have economic issues. we have quality-of-life issues. We have increasing crime issues. We have habitability issues.
I can’t tell you how many phone calls I get from people, especially in New York City, who are literally worried about the degradation of New York City— and much of it stems from the economic problems. And Washington is doing absolutely nothing. They’re going back and forth with gridlock. This was the last piece of legislation that they were supposed to pass to handle the aftermath of COVID and they haven’t done it. The Republican Senate doesn’t want to fund state and local governments and that’s the sticking point. Not to fund state and local governments, but to provide all the money that they did to businesses— but you’re not going to provide funding to state local governments, who basically support police, fire, hospitals and schools is just totally ludicrous to me. And it starts with the President.
There was a headline in the Daily News once: “Ford to City: Drop Dead,” and the city was outraged Ford wouldn’t provide financial resources. What Ford did pales in comparison to what Trump is doing; not only did he tell New York City to “drop dead,”
Trump is actively trying to kill New York City. It is personal. I think it’s psychological. He is trying to kill New York City.
He passed SALT, which was targeted just at New York City tax reform; it cost us $14 billion.
He’s refused to fund the extension of the Second Avenue Subway from 96th to 125th Street. Every prior administration has funded the Second Avenue Subway. It is always been a federal-state partnership. Only this President, a former New Yorker, refuses to fund the Second Avenue Subway— even after we opened it up to 96th Street and did an amazing turn-around on the construction project that everybody celebrated.
He won’t approve the AirTrain to LaGuardia. And you want to talk about really ironic, repugnant logic? You know why he won’t approve the AirTrain to LaGuardia? He says he has to do an Environmental Review statement. The same President who has lamented about the delay of Environmental Reviews and how they take so long, and how they stop development and how bad the SEQRA is and how the environmentalists are all full of baloney when it comes to ANWAR. Now he says, “I can’t approve the AirTrain from LaGuardia that’s been talked about for decades because I have to do an Environmental Review. Now Trump, as the environmental bureaucrat. How incredible is that?
He won’t approve congestion pricing for the MTA. What does he have to do with congestion pricing? Nothing! It is just gratuitous. It is just gratuitous. There is no federal involvement with congestion pricing. Their approval is purely technical and it’s been over a year— we passed it in New York State. He won’t approve it.
He won’t rebuild the tunnels between New York and New Jersey that are dangerous. They’re Amtrak tunnels. Do you know who owns Amtrak? Who owns Amtrak? The federal government owns Amtrak. They’re his tunnels. They’re decaying. I went to the tunnel; I took a video of water seeping into the tunnel. I took a video of bricks crumbling. I sent them the video. He watched the video. Still, no money to fund the Amtrak tunnels.
This weekend, they stopped FEMA funding from cleaning schools and trains. “We want students to go back; we want schools to reopen.” But you don’t want to clean the schools? Students should go back to a dirty school? Is that what you want your child to do? Gratuitous and arbitrary, and now no federal funds for New York City and New York State post-COVID.
Donald Trump caused the COVID outbreak in New York. That is a fact. It’s a fact that he admitted and the CDC admitted and Fauci admitted. “The China Virus, the China Virus, the China Virus.” It was not the China Virus; it was the European Virus that came to New York. They missed it. They missed it. The China Virus went to Europe. It got on a plane and went to Europe. They never even thought of the possibility and then 3 million Europeans got on a plane and came to New York and they brought the virus. January: they brought the virus. February: they brought the virus. March: they brought the virus. And in mid-March, the federal government does a travel ban from Europe. Mid-March. Too little too late, Mr. President. He caused the COVID outbreak in New York. Donald Trump and his incompetent CDC and his incompetent NIH and his incompetent Department of Homeland Security.
Department of Homeland Security- “We’re going to protect the people of this nation “We’re not going let the immigrants come across the southern border; we’re going to create a wall” Why didn’t you stop the virus? The virus killed many more Americans than anything you were worried about on the southern border. This nation loses more people per day to COVID than any nation on the globe. Do you hear that point?
We lose more people per day to COVID than any nation on the globe. You know who did that? Donald Trump’s incompetence. And now they won’t provide federal funding to help repair the damage from the ambush they created. That’s where we are.
The federal government must provide a response; if they don’t provide a response the national economy will suffer for years. Every economist says that They don’t want to provide a response, why? Because they’re playing politics. They don’t want to help Democratic states. They don’t want to help Democratic cities.
This is a war on cities: New York City, Portland, Chicago. Right? These are the enemies from the president’s point of view. Look at his tweets. “These are the locations and the outposts of the enemies, so don’t provide them any funding even though we caused the COVID virus. It is an unsustainable position for the federal government.
Either this president will figure it out or the next president will figure it out. If Congress doesn’t figure it out, there will be mayhem in this country and there will be a different Congress in January. That is my political opinion. In the interim we have to be smart. We’ve gone through tough times before, New York, we had the fiscal crisis of the 70s; post 9/11 – I experienced it was a whole disruptive period – we went through the Great Recession, but we have to be smart we have to be smart we have to be financially smart and we’re going to have to come together and figure this out in the interim before we have a federal government that is sane and functional.
The good news is, this is going to be a challenge, yes, but nothing like the challenge we just went through. COVID was the challenge of our lifetime. COVID was the challenge of our lifetime. I hope and pray. But compared to what we went through with COVID, dealing with the fiscal crisis is a mere bump and we’ll get through it, and we’ll get through it together because we’re New York Tough, Smart, United, Disciplined and most of all: Loving.
The number of new cases, percentage of tests that were positive and many other helpful data points are always available at forward.ny.gov.
As schools reopen and districts, local health departments, and labs begin reporting data to the NYS Dept. of Health, the COVID-19 Report Card will be live at: https://schoolcovidreportcard.health.ny.gov/
Amid
a sea of “Bernie” signs and chants of “We are the 99%” and “We will win”, Jane
Sanders, looked out over the massive crowd of 25,000 that overflowed
Queensbridge Park, beneath the Queensborough Bridge, onto the street, and said,
“Here are people from every background in the melting pot called New York. Most
of our ancestors came to America for a better life- mine from Ireland to escape
famine, poverty; Bernie’s from Poland escaping anti-Semitism, poverty.
“All believed they could have a better life. But in the last 40 years that
promise has eroded. Bernie plans to change that.” And, noting that this is his
first rally since his heart attack, she said to massive cheers, “Bernie is
back. He’s healthy and more than ready to continue his lifelong fight for
working people of America.”
Michael Moore: “This is not just about defeating Trump, but the
rotten system that gave us Trump’
Democracy,
said documentary filmmaker Michael Moore, is where “Everyone gets a seat at the
table, a slice of the pie and not fight for last crumbs. We don’t just need a
democratic politics, we need a democratic economy.”
Moore said, “The powers that be are very unhappy you’re here, that Bernie is
back. The pundits, the media [boo] are throwing everything out there to get
people to think differently:
“That Bernie is too old. Here’s what’s too old: the Electoral College, the
$7 minimum wage, women not being paid the same as men, thousands and thousands
of dollars of student debt, $10,000 deductible for health care, Super
Delegates, the fossil fuel industry – that’s what’s too old.
“It’s a gift we have 78-year-old American running for president. The
experience he has, what he has seen. He knows what a pay raise is, a pension –
look it up. What it looks like to defend against fascism and white supremacy,
to have the library open every day, what regulations are (Boeing). I’m glad
he’s 78.
“Health? We should be talking about the health of planet that’s dying [crowd
chants “Green New Deal”]; the health of kids in Flint Michigan, of 40 million
living in poverty, of young black males shot in back by police [chant Black
Lives Matter, Black Lives Count]. The only heart attack we should talk about is
the one Wall Street will have when Bernie wins.
“Next, that Bernie can’t win. He will win he has won 8 times to the House, 2
times to the Senate, 22 states in 2016 – almost half [chant “We will win.]. In
2016 [Democratic primary], Bernie won Michigan, Wisconsin, Minnesota. Of the 11
states that border Canada, Bernie won 10 (not NY) [boo] – we can fix that. Of
the 5 states that border the Pacific, he won 4; of 6 in New England, won 4;
Bernie won West Virginia – all 55 counties. According to a poll, he is #1 in
Nevada, a dead heat in Iowa, #1 in New Hampshire. He has raised more money from
more donors with the smallest amount.
“Why say Bernie can’t win? Because they are lying to the American people.
Bernie will win. [Chant, “We will win”]
“They say he can’t win because he is a [Democratic] socialist [yay!]. That’s
not going to fly. The American people have loved socialism for the last 70
years. Social Security, free public school, Medicare, Medicaid, fire department
– all are socialist.
“What they don’t want to do is tell the truth, what would happen if they
structured economic policies with democracy instead of capitalism. And this
isn’t capitalism of your great grandpa, this is a form of greed, selfishness so
that just few at the top succeed, the rest struggle paycheck to paycheck.
“Afraid taxes on rich will go up under Sanders? It was depressing during the
debate to watch Democrats go after Medicare for All. What would Franklin
Roosevelt say?
“They say we can’t afford it? How does Canada afford it? Every other
industrialized country has figured it out, why can’t we? They don’t want us to
figure it out.
“They say taxes will go up? That is part of the big lie – your taxes already
are up. We don’t call it a tax – in Canada, France, Finland they get free
health care, free or nearly free day care and college, but pay more in tax for
these things. The average American family pays $12,000 a year for child care,
$4000 in student loans, $6000 for deductibles, co-pays and premiums for health
care – too damn much – the average is $20,000/year but we don’t call it a tax.
“We are here in Queensbridge Park, Manhattan Island just across the river is
headquarters of corporate America [boo], corporate media [boo], Wall Street
[boo]
. So much misery has been visited on the American people from a half mile
away. It must stop.
“They must hear us at Goldman Sachs, Fox News, Trump Tower – the scene of
the crime.
“This [election] is not just about defeating Trump, but the rotten system
that gave us Trump…. beating Trump isn’t enough. We must crush Trump at
the polls, then fix the rotten corrupt economic system that gave us Trump.”
San Juan Mayor Cruz: “Move forward on the path of progressive agenda.
We are equal. We will win. We must win.”
Calling herself a “climate change survivor,” San Juan Mayor Carmen Yulín Cruz
Soto, attacked Trump for “killing us with inefficiency” that contributed to
3,000 Puerto Ricans dying after being smacked by back-to-back hurricanes.
“Why we have to win” she says is for Medicare-for-All, so no one has to
choose between groceries and insulin; to be able to afford college and life
after college, to “stand against those who earn $100 million and pay workers
starving wages; who take away women’s right to choose; the crime of separating
families at southern border; climate change.
“I am a climate change survivor. Climate change is real – 3000 Puerto Ricans
were killed because Trump Is a racist, xenophobic, paper throwing demagogue.” [Chant, “Lock him up.
Vote him out.”]
“The time is now to be fearless, relentless. I stand with Sanders – I respect
every other candidate but there is one name only who can get the job done. Be
united in one progressive voice, cross generations. Move forward on the path of
progressive agenda. We are equal. We will win. We must win.”
Nina Turner: “We must knock out Billionaire class that doesn’t
believe working people deserve a good life.”
National
co chair Nina Turner quoted Congresswoman Barbara Jordan who said American
people want an America as good as its promise. “That means an America where
people don’t die because have to ration insulin; hospitals are not closing;
where there is clean water, air, food; a justice system that doesn’t gun down
black folks in their houses.
“We need to clean up the criminal injustice system, Truth & Reconciliation
about the ravages of racism, a health care system not commodified. We need to
take care of Mother Earth.”
Alluding to the Democratic candidates, she said, “There are many copies but
only one original. We finally have somebody in our lifetime, his own special
interest is people of nation.
“We must knock out Billionaire class that doesn’t believe working people
deserve a good life.”
Congresswoman Alexandria Ocasio-Cortez: “We need a United States
truly, authentically operated, owned by working people.”
“We must bring revolution of working class to the ballot box of America,”
declared Congresswoman Alexandria Ocasio-Cortez. She prompted chants of “Green
New Deal,” saying, “Queensbridge Park is ground zero in the fight for public
housing and environmental justice.
“Last February I was working as a waitress in Manhattan, shoulder to
shoulder with undocumented workers who were putting in12 hour days with no
healthcare, not a living wage. We didn’t think we deserved it. That is the
script we tell working people: your inherent worth, value as human depends on
income another underpays. Turn around that basic language… We must change the
system that puts corporate profit ahead of all human and planetary costs.”
After her parents put all they had to buy a house, she said she learned from
an early age that “kids’ destiny determined by zipcode. Income inequality is a
fact of life of children.” Her father died of cancer when she was 18 and she
learned, “We all are one accident away from everything falling apart.
Sanders, she said, has fought for Planned Parenthood, for public education,
for CHIP, for single-payer health care, for gender rights, to end
“life-crushing” student debt.
“He didn’t do it because it was popular. He fought when it came at the
highest political cost in America.
“In 2016, he changed politics in America. We now have one of the best
Democratic fields – much because of Sanders.
“I’m in Congress today but one year ago I was a sexually harassed waitress.
This freshman class in overwhelming numbers rejected corporate money – thanks
to Bernie – endorsed Medicare for All, sees the climate crisis as an
existential threat.
“[In Congress] it is no joke to stand up against corporate power and
establishment interests. Arms are twisted, political pressure psychological and
otherwise applied to make you abandon the working class.
“I have come to appreciate the nonstop advocacy of Sanders. It’s not just
what he fights for but how: mass mobilization of the working class at the
ballot box, a movement (against) racism, classism of Hyde Amendment,
imperialist and colonial histories that lead to endless war and immigration
crisis.
“NYCHA is underfunded by $30 billion –that is not an accident, but an
outcome of system that devalues poor, Logic that got us into this won’t get us
out.”
The vigorous contest of
Democrats seeking the 2020 presidential nomination has produced excellent
policy proposals to address major issues. Senator Elizabeth Warren details her
plan to tax excessive lobbying as part of her anti-corruption proposal. This is
from the Warren campaign:
Charlestown, MA – Senator Elizabeth Warren recently unveiled her plan for a new tax on excessive lobbying. It applies to every corporation and trade organization that spends over $500,000 per year lobbying our government. The revenue from this tax will be used to help our government fight back against the influence of lobbyists.
Based on our analysis of lobbying data provided by the Center for Responsive Politics, if this tax had been in effect over the last 10 years, over 1,600 corporations and trade groups would have had to pay up – leading to an estimated $10 billion in total revenue.
Senator Warren has already laid out how she will end lobbying as we know it and strengthen Congressional independence from lobbyists. (Read more about her plan here.)
Here is more about her plan to tax
excessive lobbying:
When Americans think about corporate lobbyists, they usually think about the
people in fancy suits who line the halls of Congress armed with donations,
talking points, and whatever else they need to win favorable treatment for their
big corporate clients.
They’re right. In fact, corporate interests spend more on lobbying than
we spend to fund both houses of Congress — spending more than $2.8 billion on
lobbying last year alone. That’s why I have a plan to strengthen congressional
independence from lobbyists and give Congress the resources it
needs to defend against these influence campaigns.
But corporate lobbyists don’t just swarm Congress. They also target our federal
departments like the Environmental Protection Agency and
the Consumer Financial Protection
Bureau. These agencies exist to oversee giant corporations and
implement the laws coming out of Congress – but lobbyists often do their best
to grind public interest work at these agencies to a halt.
When the Department of Labor tried to protect workers from
predatory financial advisors who got rich by siphoning off large and
unnecessary fees from workers’ life savings, Wall Street lobbyists descended on
Washington to try to kill the effort – twice. When they failed
the second time, they sued to stop it in
the courts.
When the Environmental Protection Agency decided to act on greenhouse gas
emissions by passing regulations on methane,
fossil fuel companies called in their lobbyists. The rule was dramatically weakened –
and then Trump’s EPA went even further than some in the industry wanted by
proposing to scrap the rule altogether.
When the Consumer Financial Protection Bureau tried to crack down on
payday lenders exploiting vulnerable communities, lobbyists convinced the Trump
administration to cripple the rule –
while the payday lenders who hired them spent about $1 million at
a Trump resort.
Regulatory agencies are only empowered to implement public interest rules under
authority granted by legislation already passed by Congress. So how is it that
lobbyists are able to kill, weaken, or delay so many important efforts to
implement the law?
Often they accomplish this goal by launching an all out assault on the process
of writing new rules – informally meeting with
federal agencies to push for favorable treatment, burying those agencies
in detailed industry comments during
the notice-and-comment rulemaking process, and pressuring members of Congress to
join their efforts to lobby against the rule. If the rule moves forward anyway,
they’ll argue to an obscure
federal agency tasked with weighing the costs and benefits of agency rules that
the rules are too costly, and if the regulation somehow survives this
onslaught, they’ll hire fancy lawyers to
challenge it in court.
I have released the most sweeping set of anti-corruption reforms since
Watergate. Under my plan, we will end lobbying as we know it.
We will make sure everyone who is paid to influence government is required to
register as a lobbyist, and we’ll impose strict disclosure requirements so that
lobbyists have to publicly report which agency rules they are seeking to
influence and what information they provide to those agencies. We’ll also shut
the revolving door between government and K Street to prevent another Trump
administration where ex-lobbyists lead the Department
of Defense, the Environmental Protection Agency, the Department of Labor, the
Department of Interior, and the Office of the U.S. Trade Representative.
My plan also calls for something unique – a new tax on excessive lobbying
that applies to every corporation and trade organization that spends over
$500,000 per year lobbying our government. This tax will reduce the incentive
for excessive lobbying, and raise money that we can use to fight back against
this kind of onslaught when it occurs.
Under my lobbying tax proposal, companies that spend between $500,000 and $1
million per year on lobbying, calculated on a quarterly basis, will pay a 35%
tax on those expenditures. For every dollar above $1 million spent on lobbying,
the rate will increase to 60% – and for every dollar above $5 million, it will
increase to 75%.
Based on our analysis of lobbying data provided
by the Center for Responsive Politics, if this tax had been in effect over the
last 10 years, over 1,600 corporations and trade groups would have had to pay
up – leading to an estimated $10 billion in total revenue. And 51 of them –
including the U.S. Chamber of Commerce, Koch Industries, Pfizer, Boeing,
Microsoft, Walmart, and Exxon – would have been subject to the 75% rate for
lobbying spending above $5 million in every one of those years.
Nobody will be surprised that the top five industries that would have paid the
highest lobbying taxes are the same industries that have spent the last decade
fighting tooth and nail against popular policies: Big Pharma, health insurance
companies, oil and gas companies, Wall Street firms, and electric
utilities.
Among individual companies, the U.S. Chamber of Commerce would have owed the
most of any company or trade group in lobbying taxes: an estimated $770 million
on $1 billion in lobbying spending – over $400 million more than the
next-highest-paying organization, the National Association of Realtors, which
would have paid $307 million on $425 million in lobbying spending. Blue Cross
Blue Shield, PhRMA, and the American Hospital Association would have all paid
between $149 and $163 million in taxes on between $213 and $233 million in
lobbying spending. And General Electric, Boeing, AT&T, Business Roundtable,
and Comcast round out the top ten, paying between $105 million and $129 million
in taxes.
Every dollar raised by the lobbying tax will be placed into a new Lobbying
Defense Trust Fund dedicated to directing a surge of resources to Congress and
federal agencies to fight back against the effort to bury public interest
actions by the government.
Corporate lobbyists are experts at killing widely popular policies behind
closed doors.
Take just one example from the Obama administration. In October 2010, the
Department of Labor (DOL) proposed a
“fiduciary rule” to protect employee retirement accounts from brokers who charge exorbitant fees and
put their own commissions above earning returns for their clients. The idea was
simple: if you’re looking after someone’s money, you should look out for their
best interests.
It’s an obvious rule – but it would cut into financial industry profits. So the
industry dispatched an army of lobbyists to fight against the
rule, including by burying the agency in public comments. In the first four
months, the DOL received hundreds of comments on
the proposed rule, including comments from the U.S. Chamber of Commerce, Morgan
Stanley, Bank of America, BlackRock, and other powerful financial interests.
After a public hearing with testimony from groups like Fidelity and J.P Morgan,
the agency received over 100 more comments —
including dozens from members of Congress,
many of which were
heavily slanted toward industry talking points.
Because the law requires agencies to respond to each concern laid out in the
public comments, when corporate interests flood agencies with comments, the
process often becomes so time-consuming and resource-intensive that it can kill or delay final rules altogether
– and that’s exactly what happened. On September 19, 2011, the DOL withdrew the proposed rule,
but said that it planned to try again in the future.
Undeterred, Wall Street pushed forward their lobbying campaign to ensure that
the Department of Labor wouldn’t try again to re-issue the fiduciary rule. In
June 2013, Robert Lewis, a lobbyist for an investment industry trade
group, personally drafted a letter opposing
this common-sense reform – and got 32 members of Congress to sign it. The
letter ominously urged the Department to “learn from its earlier experience”
when the financial industry had killed the first proposal. Soon, members of
Congress from both parties were joining in, telling the Obama
administration to delay re-issuing the rule.
To its great credit, the Obama Department of Labor didn’t give up. On February
23, 2015, the agency finally re-proposed the rule. Wall Street ramped up their
lobbying once more to try to kill it a second time. This time, with firm resolve
and committed allies, DOL and those of us fighting alongside
them beat back thousands of comments,
and retirees won – but it took so long that Donald Trump became President
before the rule fully went into effect.
Lobbyists have followed this same playbook to
block, narrow, or delay countless other common- sense industry regulations.
Swarm regulators and Congress, bury everyone in an avalanche of money, and
strangle government action in the public interest before it even gets off the
ground.
That’s why I’m using the revenue from my tax on excessive lobbying to
establish a new Lobbying Defense Trust Fund, which will help our government
fight back against the influence of lobbyists.
First,
we’ll use the Lobbying Defense Trust Fund to strengthen congressional support
agencies. In
my plan to strengthen congressional
independence from lobbyists, I explained how lobbying tax revenue
would help to reinstate the Office of Technology Assessment and increase the
budget for other congressional support agencies, like the Congressional Budget
Office.
Second,
we’ll give more money to federal agencies that are facing significant lobbying
activity. Every
time a company above the $500,000 threshold spends money lobbying against a
rule from a federal agency, the taxes on that spending will go directly to the
agency to help it fight back. In 2010, DOL could have used that money to hire
more staffers to complete the rule more quickly and intake the flood of
industry comments opposing it.
Third,
revenue from the lobbying tax will help to establish a new Office of the Public
Advocate. This
office will help the American people engage with federal agencies and fight for
the public interest in the rule-making process. If this office had existed in
2010, the Public Advocate would have made sure that DOL heard from workers and
retirees – even while both parties in Congress were spouting industry talking
points.
My new lobbying tax will make hiring armies of lobbyists significantly more
expensive for the largest corporate influencers like Blue Cross Blue Shield,
Boeing, and Comcast. Sure, this may mean that some corporations and industry
groups will choose to reduce their lobbying expenditures, raising less tax
revenue down the road – but in that case, all the better.
And if instead corporations continue to engage in excessive lobbying, my
lobbying tax will raise even more revenue for Congress, agencies, and federal
watchdogs to fight back.
It’s just one more example of the kind of big, structural change we need to put
power back in the hands of the people – and break the grip that lobbyists have
on our government for good.
All the Democratic candidates for 2020 have strong stands
on gun safety regulations they would implement to reduce the sick, tragic
epidemic of gun violence.
Beto O’Rourke had his break-out moment at the third
Democratic Debate, in Houston no less, forcefully declaring, “Hell, yes, we’re going to take your AR-15, your AK-47. We’re
not going to allow it to be used against our fellow Americans anymore. If the
high-impact, high-velocity round, when it hits your body, shreds everything
inside of your body because it was designed to do that so that you would bleed
to death on a battlefield … when we see that being used against children.”
Senator Amy Klobuchar was joined at the Democratic Debate in Houston by gun safety activists from across the country and following the debate, issued her detailed plan for enacting gun safety measures. This is from the Klobuchar campaign:
MINNEAPOLIS, MN — Gun violence in America has cut short far too many lives, torn families apart and plagued communities across the country. This year there has been an average of about one mass shooting a week in which three or more people have died, including the shootings in El Paso, Texas and Dayton, Ohio that killed 31 people in less than 24 hours. At the same time, everyday gun violence in this country continues to take the lives of the equivalent of a classroom of school children every week.
The gun homicide rate in the United States is 25 times higher than other developed countries and gun safety laws are long overdue. Senator Klobuchar has been standing up to the NRA and fighting for stronger gun safety measures since she was the Hennepin County Attorney, working with local law enforcement to push to ban military-style assault weapons. In the Senate, she has supported legislation to ban assault weapons and bump stocks and improve background checks.
As a member of the Judiciary Committee, she authored legislation that would prevent convicted stalkers from purchasing firearms and close the “boyfriend loophole” by expanding the definition of a domestic abuser to include dating partners. That Klobuchar legislation has now passed the House of Representatives and has been blocked by Republicans in the Senate.
Because of her leadership on gun violence prevention, Senator Klobuchar advocated for gun safety legislation at a meeting with President Trump at the White House after Parkland. Seated across from Senator Klobuchar at the meeting, President Trump publicly declared that he supported doing something on background checks nine times. The next day he then met with the NRA and folded. The legislation never was pushed by the White House.
At tonight’s debate, Senator Klobuchar is joined by gun safety activists Roberta McKelvin, Perry and Sharia Bradley, and Mattie Scott as well as the former mayor of Cedar Rapids, IA, Kay Halloran, who is a member of the Mayors Against Illegal Guns Coalition.
Instituting universal background checks by closing the gun show loophole.
Banning bump stocks that can increase a semi-automatic rifle’s rate of fire to 700 rounds per minute.
Banning high capacity magazines that hold more than 10 rounds of ammunition.
Quickly raising the age to buy military-style assault weapons from 18 to 21 and fighting to ban the sale of assault weapons.
Providing grants to states to implement extreme risk provisions to empower families and law enforcement to keep guns away from people who show signs of threatening behavior.
Closing the “Charleston loophole” by giving law enforcement additional time to complete background checks.
Closing the “boyfriend loophole” by preventing people who have abused dating partners from buying or owning firearms.
Establishing a waiting period for sales of handguns and assault rifles, which law enforcement can waive in the case of an emergency.
Prohibiting the online publication of code for 3D printing firearms.
Holding manufacturers and distributors of gun kits to the same standards as those of completed firearms.
Providing funding for the Centers for Diseases Control and Prevention to conduct research on firearm safety and gun violence prevention.
In addition, Senator Klobuchar has laid
out a plan for her
first 100 days that includes
executive action she can take immediately to address gun violence:
Immediately close the
“boyfriend loophole.”
Consider gun violence
as a public health issue in CDC studies.
Crack down on gun
manufacturers and dealers that break the law.
Prevent people with
severe mental illness from acquiring guns.
Prevent federal
funding from being used to arm teachers.
Senator Amy Klobuchar,left, on stage in Houston for the third Democratic Debate, hosted by ABC News.
Senator Amy Klobuchar had her best moments in the third
Democratic Debate, Sept. 12, in addressing health care and drawing the
distinction between Senator Bernie Sanders’ Medicare-for-All solution in the
quest, shared by all the Democratic candidates, of universal health care at an
affordable cost, health care as a right, not a privilege.
This is from the Klobuchar campaign:
MINNEAPOLIS, MN — Senator Amy Klobuchar has been a leader in the Senate to lower the cost of prescription drugs, expand access to affordable health care and protect reproductive rights. She was the first candidate in this race to release a comprehensive plan to combat addiction and prioritize mental health — two issues she’s championed her entire career.
Senator Klobuchar supports:
Universal health care for all Americans, and she
believes the quickest way to get there is through a public option that
expands Medicare or Medicaid.
Changes to the Affordable Care Act to help bring
down costs to consumers including providing cost-sharing reductions, making it
easier for states to put reinsurance in place, and continuing to implement
delivery system reform.
Lifting the ban on Medicare negotiations for
prescription drugs, allowing personal importation of safe drugs from countries
like Canada, and stopping pharmaceutical companies from blocking less-expensive generics.
Taking on mental health and addiction by launching
new prevention and early intervention initiatives, expanding access to treatment,
and giving Americans a path to sustainable recovery because she believes
everyone has the right — and the opportunity — to receive effective,
professional treatment and help.
Stopping the concerted attack to undermine and
eliminate a woman’s right to make her own health care decisions. She believes
recent bans in states are dangerous, they are unconstitutional, and they are
out of step with the majority of Americans. Amy will continue working to
protect the health and lives of women across the country.
Immediately suspend the Trump Administration’s
efforts to eliminate the Affordable Care Act’s protections for people with
pre-existing conditions.
Immediately allow for the safe importation of
prescription drugs from countries like Canada.
Expand VA health benefits for women veterans and
their babies.
Prioritize mental health and addiction.
End “pay for delay” agreements that increase the
cost of prescription drugs.
Propose legislation to get us to universal health
care.
Develop best models of care to address disparities
in maternal and infant mortality and address the shortage of maternity care
health professional in underserved rural and urban areas.
Stop Trump sabotage of the ACA by ending workarounds
that allow states to raise premiums for sicker people and shift ACA premium
subsidies away from lower-income enrollees.
End the sale of junk insurance policies that
eliminate existing protections for consumers.
End anticompetitive practices that increase the
price of prescription drugs.
Encourage reinsurance programs.
Expand Medicaid reimbursement for people receiving
mental health or substance use treatment.
Ensure
funding for Planned Parenthood, end the gag rule, and restore the Title X
program.
Expand investments in veterans telehealth
services.
Invest in the Veterans Health Administration.
Reassess the granting of Medicaid waivers, including
states that have privatized Medicaid.
Direct the Department of Defense and VA to track
servicemembers and veterans exposed to toxic chemicals.
Direct the Department of Health and Human Services
to consider VHA facilities when designating Health Professional Shortage
Areas.
Strengthen the National Science Foundation and the
National Institutes of Health.
Invest in Alzheimer’s research.
Prioritize health care delivery system reform to
reduce health care costs.
Expand the open enrollment period for health
insurance under the Affordable Care Act so more people can get insurance
coverage.
Whenever Republicans
talk about the need to reform “entitlements,” they always refer to the “sacrifice”
demanded of the people most dependent upon Social Security benefits and most
vulnerable (with the least political power) in society. They never ask the most
obscenely rich, most comfortable, most powerful to make any sacrifice – after all,
they are the “job creators” and we don’t want to interfere with the number of
yachts and vacation homes they can purchase.
Senator Elizabeth
Warren, vying for the 2020 Democratic nomination for president, has just
released her plan to expand Social Security – not cut it.
“Millions of Americans
are depending on Social Security to provide a decent retirement. My plan raises
Social Security benefits across-the-board by $2,400 a year and extends the full
solvency of the program for nearly another two decades, all by asking the top
2% to contribute their fair share to the program,” Warren states. “It’s time
Washington stopped trying to slash Social Security benefits for people who’ve
earned them. It’s time to expand Social Security.”
This is from the
Warren campaign:
Charlestown, MA – Today, Elizabeth Warren
released her plan to provide the biggest and most progressive increase in
Social Security benefits in nearly 50 years. Her plan will mean an immediate
Social Security benefit increase of $200 a month — $2,400 a year — for every current
and future Social Security beneficiary in America. That will immediately help
nearly 64 million current Social Security beneficiaries, including 10 million
Americans with disabilities and their families.
The plan also updates outdated rules to further increase
benefits for lower-income families, women, people with disabilities,
public-sector workers, and people of color. The plan finances these benefit
increases and extends the solvency of Social Security by nearly two decades by
asking the top 2% of earners to contribute their fair share to the
program.
According to an independent analysis,
Elizabeth’s plan will immediately lift an estimated 4.9 million seniors out of
poverty — cutting the senior poverty rate by 68%. It will also produce a “much
more progressive Social Security system” by delivering much larger benefit
increases to lower and middle-income seniors on a percentage basis,
increase economic growth in the long term, and reduce the deficit by
more than $1 trillion over the next 10 years.
I’ve dedicated most of my career to studying what’s happening to working families in America. One thing is clear: it’s getting harder to save enough for a decent retirement.
A generation of stagnant wages and rising costs for basics
like housing, health care, education, and child care have squeezed family
budgets. Millions of families have had to sacrifice saving
for retirement just to make ends meet. At the same time, fewer people have
access to the kind of pensions that used to help fund a comfortable retirement.
As a result, Social Security has become the main source of
retirement income for most seniors. Abouthalf of married
seniors and 70% of unmarried seniors rely on Social Security for at least half
of their income. More than 20% of married seniors and 45% of unmarried
seniors rely on Social
Security for 90% or more of their income. And the numbers are
even more stark for seniors of color: as of 2014, 26% of Asian and Pacific
Islander beneficiaries, 33% of Black beneficiaries, and 40% of Latinx
beneficiaries relied on Social Security benefits as their only source of retirement income.
Yet typical Social Security benefits today are quite small.
Social Security is an earned benefit — you contribute a portion of your wages
to the program over your working career and then you and your family get
benefits out of the program when you retire or leave the workforce because of a
disability — so decades of stagnant wages have led to smaller benefits in retirement
too. In 2019, the average Social Security beneficiary received $1,354 a month, or
$16,248 a year. For someone who worked their entire adult life at an average
wage and retired this year at the age of 66, Social Security will replace just 41% of what
they used to make. That’s well short of the 70% many financial
advisers recommend for a decent retirement — one that allows you to keep living
in your home, go to a doctor when you’re sick, and get the prescription drugs
you need.
And here’s the even scarier part: unless we act now, future
retirees are going to be in even worse shape than
the current ones.
Despite the data staring us in the face, Congress hasn’t
increased Social Security benefits in nearly fifty years. When
Washington politicians discuss the program, it’s mostly to debate about whether
to cut benefits by a lot or a little bit. After signing a $1.5 trillion tax
giveaway that primarily helped the rich and big corporations, Donald Trump
twice proposedcutting billions
from Social Security.
We need to get our priorities straight. We should be
increasing Social Security benefits and asking the richest Americans to
contribute their fair share to the program. For years, I’ve helped lead the fight in
Congress to expand Social Security. Andtoday I’m
announcing a plan to provide the biggest and most progressive increase in
Social Security benefits in nearly half a century. My plan:
Increases Social Security benefits immediately by $200 a
month — $2,400 a year — for every current and future Social Security
beneficiary in America.
Updates outdated rules to further increase benefits for
lower-income families, women, people with disabilities, public-sector workers,
and people of color.
Finances these changes and extends the solvency of Social
Security by nearly two decades by asking the top 2% of families to contribute
their fair share to the program.
An independent analysis of my plan
from Mark Zandi, chief economist of Moody’s Analytics, finds that my plan will
accomplish all of this and:
Immediately lift an estimated 4.9 million seniors out of
poverty, cutting the senior poverty rate by 68%.
Produce a “much more progressive Social Security system”
by raising contribution requirements only on very high earners and increasing
average benefits by nearly 25% for those in the bottom half of the income
distribution, as compared to less than 5% for people in the top 10% of the
distribution.
Increase economic growth in the long term and reduces the
deficit by more than $1 trillion over the next ten years.
Every single current Social Security beneficiary — about 64
million Americans — will immediately receive at least $200 more per month under
my plan. That’s at least $2,400 more per year to put toward home repairs, or
visits to see the grandkids, or paying down the debt you still might owe. And
every future beneficiary of Social Security will see at least a $200-a-month
increase too, whether you’re 60 years old and nearing retirement or 20 years
old and just entering the workforce. If you want to see how my plan will affect
you, check out my new calculator here.
Our Current Retirement Crunch — And How It Will Get Worse
If We Don’t Act
Seniors today are already facing a difficult retirement.
Without action, future generations are likely to be even worse off.
While we’ve reduced the
percentage of seniors living in poverty over the past few decades, the numbers
remain unacceptably high. Based on the U.S. Census Bureau’s Supplemental
Poverty Measure, 14% of seniors —
more than 7 million people — live in poverty. Another 28% of seniors have
incomes under double the poverty line. A record-high 20% of seniors are still in the workforce in
their retirement years. Even with that additional source of income, in 2016,
the median annual income for
men over 65 was just $31,618 — and just $18,380 for women over 65.
It’s hard to get by on that, especially as costs continue to
rise. Most seniors participate in Medicare Part B, and standard premiums for
that program now eat up close to 10% of the average monthly Social Security benefit.
The average senior has just 66% of Social
Security benefits remaining after paying all out-of-pocket healthcare expenses
— and if we don’t adopt Medicare For All, out-of-pocket medical spending by
seniors is projected to rise sharply over
time. The number of elderly households still paying off debt has grown by
almost 20% since 1992,
and hundreds of thousands of
seniors have had their monthly benefits garnished to pay down student loan
debt.
Meanwhile, the prospect of paying for long-term care looms
over most retirees. 26% of seniors
wouldn’t be able to fund two years of paid home care even if they liquidated
all of their assets. And for people that have faced lifelong discrimination,
like LGBTQ seniors who until recently were denied access to spousal pension
privileges and spousal benefits, the risk of living in or near poverty in
retirement is even higher.
This squeeze forces a lot of seniors to skimp in dangerous
and unhealthy ways. A recent survey found that
millions of seniors cut pills, delay necessary home and car repairs, and skip
meals to save money.
While the picture for current retirees is grim, it’s
projected to get even worse for Americans on the cusp of retirement. Among
Americans aged 50 to 64, the average amount saved in 401(k) accounts is less
than $15,000. On average,
Latinx and Black workers are less likely to have
401(k) accounts, and those who do have them have smaller balances and are more
likely to have to make withdrawals before retirement. The gradual disappearance
of pensions has been particularly harmful to
workers of color who are near retirement. And 13% of all people
over 60 have no pension or savings at all.
Meanwhile, this near-retirement group are also suffering
under the weight of mounting debt levels and other costs. 68% of households headed
by someone over 55 are in debt. Nearly one-quarter of
people ages 55 to 64 are also providing elder care. According to one study, 62%
of older Latinx workers, 53% of older Black workers, and 50% of older Asian
workers work physically demanding jobs,
leading to higher likelihood of disability, early exit from the job market, and
reduced retirement benefits.
Gen-Xers and Millennials are in even greater trouble. For
both generations, wages have been virtually stagnant for
their entire working lives. 90% of Gen-Xers are
in debt, and they’re projected to be able to replace only 50% of their income
in retirement on average. Many Gen-Xers are trapped between
their own student loans and mortgages, the costs
of raising and educating their
children, and the costs of caring for their elderly relatives. Two-thirds of
working millennials have no retirement savings, and the numbers are even worse
for Black and Latinx working millennials. Debt, wage stagnation, and decreasing
pension availability mean that, compared to previous generations at the same
age, millennials are significantly behind in
retirement planning.
There’s also the looming prospect of serious Social Security
cuts in 2035. Social Security has an accumulated reserve of almost $3 trillion
now, but because of inadequate contributions to the program by the rich, we are
projected to draw down that reserve by 2035, prompting automatic 20% across-the-board
benefit cuts if nothing is done.
My plan addresses both the solvency of Social Security and
the need for greater benefits head on — with bold solutions that match the
scale of the problems we face.
Creating Financial Security By Raising Social Security
Benefits
The core of my plan is simple. If you get Social
Security benefits now, your monthly benefit will be at least $200 more — or at
least $2,400 more per year. If you aren’t getting Social Security benefits now
but will someday, your monthly benefit check with be at least $200 bigger than
it otherwise would have been.
My $200-a-month increase covers every Social Security
beneficiary — including the 10 million Americans
with disabilities and their families who have paid into the program and now
receive benefits from it. Adults with disabilities are twice as likely to
live in poverty as those without a disability. While 9% of people
without disabilities nearing retirement live in poverty, 26% of people that
age with disabilities live in poverty. Monthly Social Security benefits make up
at least 90% of income for
nearly half of Social Security Disability Insurance beneficiaries.
This benefit increase will also provide a big boost to other
groups. It will help the 621,000 disabled
veterans who are Social Security beneficiaries. It will benefit the 1 million seniors
who exclusively receive Social Security Insurance — which helps Americans with
little or no income and assets — and the 2.7 million Americans
who receive both SSI and Social Security benefits.
On top of this across-the-board benefit increase, I’ll
ensure that current and future Social Security beneficiaries get annual
cost-of-living adjustments that keep pace with the actual costs they face. The
government currently increases Social Security benefits annually to keep pace with the
price of goods typical working families buy. But older Americans and people
with disabilities tend to purchase more of certain goods — like health care —
than working-age Americans, and the costs of those goods are increasing more
rapidly. That’s why my plan will switch to calculating annual cost-of-living increases
based on an index called CPI-E that better
reflects the costs Social Security beneficiaries bear. Based on current
projections, that will increase benefits
even more over time.
Combined, my immediate $200-a-month benefit increase for
every Social Security beneficiary and the switch to CPI-E will produce
significantly higher benefits now and decades into the future. My Social
Security calculator will let you see how much your benefits could change under
my plan.
Targeted Social Security Improvements to Deliver Fairer
Benefits
Broadly speaking, Social Security benefits track with your
income during your working years. That means pay disparities and wrongheaded
notions that value salaried work over time spent raising children or caring for
elderly relatives carry forward once you retire. That needs to change. My plan
increases Social Security benefits even further by making targeted changes to
the program to deliver fairer benefits and better service to women and
caregivers, low-income workers, public sector workers, students and
job-seekers, and people with disabilities.
Women and Caregivers
In part because of work and pay discrimination and
time out of the workforce to provide care for
children and elderly relatives, women receive an average monthly Social
Security benefit that’s only 78% of the average
monthly benefit for men. That’s one reason women over the age of 65 are 80% more likely to
live in poverty than men. My plan includes several changes that primarily
affect women and help reduce these disparities.
Valuing the work of caregivers. My plan creates
a new credit for caregiving for people who qualify for Social Security
benefits. This credit raises Social Security benefits for people who
take time out of the workforce to care for a family member — and recognizes
caregiving for the valuable work it is.
The government calculates Social Security benefits based on
average lifetime earnings, with years spent out of the workforce counted as a
zero for the purpose of the average. When people spend time out of the
workforce to provide care for a relative, their average lifetime earnings are
smaller and so are their Social Security benefits.
That particularly harms lower-income women, people of color,
and recent immigrants. There are more than 43 million informal
family caregivers in the country, and 60% of them are
women. A 2011 study found that women over fifty forgo an average of $274,000 in
lifetime wages and Social Security benefits when they leave the workforce to
take care of an aging parent. Caregivers who also work are more likely to be
low-income and incur out-of-pocket costs for providing care. Because access to
paid or partially paid family leave is particularly limited for workers
of color — and first-generation immigrant workers are less likely to have
jobs with flexible schedules or paid sick days — these workers are more likely
to have to take unpaid leave to provide care and thus suffer reductions in
their Social Security benefits.
My plan will give credit toward the Social Security average
lifetime earnings calculation to people who provide 80 hours a month of unpaid
care to a child under the age of 6, a dependent with a disability (including a
veteran family member), or an elderly relative. For every month of caregiving
that meets these requirements, the caregiver will be credited for Social
Security purposes with a month of income equal to the monthly average of that
year’s median annual wage. People can receive an unlimited amount of caregiving
credits and can claim these credits retroactively if they have done this kind
of caregiving work in the last five years. By giving caregivers credits equal
to the median wage that year, this credit will provide a particular boost in
benefits to lower-income workers.
Improving benefits for widowed individuals from
dual-earner households and widowed individuals with disabilities. Because
women on average outlive men by 2.5 years, they
typically spend more of their retirement in widowhood, a particularly vulnerable period financially.
My plan provides two targeted increases in benefits for widows.
In households with similar overall incomes, Social Security
provides more favorable survivor benefits to the surviving spouses in
single-earner households than in dual-earner households. After the death of a
spouse, a surviving spouse from a dual-earner household can lose as much
as 50% of her
household’s retirement income. My plan will reduce this disparity by ensuring
that widow(er)s automatically receive the highest of: (1) 75% of combined
household benefits, capped at the benefit level a household with two workers
with average career earnings would receive; (2) 100% of their deceased spouse’s
benefits; or (3) 100% of their own worker benefit.
My plan will also improve benefits for widowed individuals
with disabilities. Currently, a widow with disabilities must wait until she is
50 to start claiming Social Security survivor benefits if her spouse dies — and
even at 50, she can only claim benefits at a highly reduced rate. Since most
widows with disabilities can’t wait until the official retirement age of 66 to
claim their full survivor benefits, their average monthly benefit is only $748 a month, or
less than $9,000 a year. My plan will repeal the age requirement so
widow(er)s with disabilities can receive their full survivor benefits at any
age without a reduction.
Lower-Income Workers
My plan ensures that workers who work for a lifetime at low
wages do not retire into poverty.
In 1972, Congress enacted a Special Minimum Benefit for
Social Security. The benefit was supposed to help people who had earned
consistently low wages over many years of work. But it’s become harder to
qualify for the benefit, and the benefit amount has shrunk in value so it now helps
hardly anyone. Today, only 0.6% of all
Social Security beneficiaries receive the Special Minimum Benefit, and projections show
that no new beneficiaries will receive it this year.
No one who spends 30 years working and contributing to
Social Security should retire in poverty. That’s why my plan restructures the
Special Minimum Benefit so that more people are eligible for it and the
benefits are a lot higher. Under my plan, any person who has done 30
years of Social Security-covered work will receive an annual benefit of at
least 125% of the federal poverty line when they reach retirement age. That
means a baseline of $1,301 a
month in 2019 — plus the $200-a-month across-the-board increase in my plan, for
a total of $1,501 a month. That’s more than $600-a-month
more than what that worker would receive under current law.
Public Sector Workers
My plan also ensures that public sector workers like
teachers and police officers get the full Social Security benefits they’ve
earned.
If you work in the private sector and earn a pension, you’re
entitled to your full pension and your full Social Security benefits in
retirement. But if you work in state or local government and earn a pension,
two provisions called the Windfall Elimination Provision and Government Pension
Offset can reduce your Social Security benefits. WEP slashes Social Security
benefits for nearly 1.9 million former
public-sector workers and their families, while GPO reduces — and in most cases,
eliminates — spousal and survivor Social Security benefits for 700,000 people, 83% of whom are
women.
My plan repeals these two provisions, immediately
increasing benefits for more than two million former public-sector workers and
their families, and ensuring that every current state and local government
employee will get the full Social Security benefits they’ve earned.
Students and Job Seekers
My plan also updates the Social Security program so that it
encourages people to complete college and participate in job training programs
or registered apprenticeships.
Restoring and extending benefits for full-time students
whose parent has a disability or has died. In the Reagan administration,
Congress cut back a provision that allowed children receiving Social Security
dependent benefits to continue to receive them until age 22 if they were
full-time students. Before the provision was repealed, these beneficiaries came
from families with average incomes 29% lower than their college peers, were
more likely to have a parent with low educational attainment, and were more likely to be
Black. Access to these benefits boosted college
attendance and performance by letting low-income students reduce the number of
hours they had to work while attending school. When Congress repealed this
benefit, college attendance by previously eligible beneficiaries dropped by
more than one-third. My plan
restores this provision — and it extends eligibility through the age of 24
because only 41% of all students
complete college in four years, and Black, Native American, and Latinx students
have even lower four-year
completion rates. A longer eligibility period will improve the chances the
people who receive this benefit complete college before the benefit ends.
Encouraging registered apprenticeships and job training.
Currently, workers who participate in registered apprenticeships or job
training may receive lower Social Security benefits because they are taking
time out of the workforce or agreeing to accept lower-paying positions to gain
skills. We’re about to enter a period of immense transformation in the economy,
and we should encourage workers to take time to participate in a registered
apprenticeship or job training program so they are prepared for in-demand jobs.
That’s why I proposed a $20 billion investment in high-quality apprenticeships
in my Economic Patriotism and Rural America plans.
My plan today complements that investment by letting workers in job training
and apprenticeship programs elect to exclude up to three years in those
programs from their lifetime earnings calculation for Social Security benefits,
thereby producing a higher average lifetime earnings total — and higher
benefits.
Improving the Administration of Social Security Benefits
My plan improves Social Security in another important way:
it makes it easier for people to actually get the benefits they’ve earned.
Congress is starving the Social Security Administration of
money, creating hardship for people who rely on the program for benefits.
Congress has slashed SSA’s operating budget by 9% since 2010, even as
the number of beneficiaries is growing. Meanwhile, more Baby Boomers are
approaching retirement age — a critical period when workers are most likely to
claim Social Security Disability benefits. SSA has a staff shortage, rising telephone
and office wait times, and outdated technology.
Sixty-four Social Security field offices have closed since 2011 and 500 mobile
offices have closed since
2010. Field office closures are correlated with a 16% drop in
disability insurance beneficiaries in the surrounding area because those people
— who have paid into the system and earned their benefits — no longer have assistance
to file their applications.
Disability insurance applicants can wait as long as 22 months for an
eligibility hearing. Thousands of people have
died while waiting for administrative law judges to determine if they’re eligible
to receive their benefits. To make matters worse, Donald Trump issued an
Executive Order that will politicize the
process of selecting the judges who adjudicate these cases. And his
administration keeps proposing more cuts to the
SSA budget.
My plan restores adequate funding to the Social Security
Administration so that it can carry out its core mission. That will allow us to
hire more staff, keep offices open, reduce call times, update the technology
system, and give applicants and beneficiaries the services they need. And I
will revoke Trump’s Executive Order on administrative law judges.
Strengthening Social Security By Extending Solvency For
Nearly Two More Decades
Currently, the rich contribute a far smaller portion of
their income to Social Security than everyone else. That’s wrong, and it’s
threatening the solvency of the program. My plan fully funds its new benefit
increases and extends the full solvency of Social Security for nearly 20 more
years by asking the richest top 2% of families to start contributing more.
Social Security is funded by mandatory insurance
contributions authorized by the Federal Insurance Contributions Act, or “FICA”.
The FICA contribution is 12.4% of wages, with employers and employees splitting
those contributions equally at 6.2% each. (Self-employed workers contribute the
full 12.4%.) If you’re a wage employee, you contribute 6.2% of your very first
dollar of wages to Social Security, and 6.2% of every dollar after that — up to
an annual cap. This year’s cap is $132,900, and each year, that cap increases
based on the growth in national average wages.
Congress designed the cap to go up each year based on
average wages to ensure that a fairly steady percentage of total wages in
America were subject to the FICA contribution requirement. But growing wage
disparities over the past few decades has thrown the system out of whack.
While wages for lower-income and middle-income workers have
been fairly stagnant —
limiting the growth of the national average wage figure we use to set the
annual cap — income at the very top has been skyrocketing. That means
more income for the biggest earners has been above the cap and therefore exempt
from the FICA contribution requirement. In 1983, 90% of total wage
earnings were below the cap. Now it’s just 83%. The top 1% of
earners have an estimated effective
FICA contribution rate of about 2%, compared to more than 10% for the middle
50% of earners. That amounts to billions of dollars every year that should have
gone to Social Security but instead remained in the pockets of the very richest
Americans, while the Social Security system slowly starved.
And the very rich have escaped contributing to the system in
yet another way: more and more of their income is in the form of unearned
investment income, not wages, and they don’t have to contribute any of their
investment income to Social Security. Although most Americans earn most of
their income from wages, capital income makes up more than half of
total income for the top 1% and more than two-thirds for
the top 0.1%. All that income escapes the Social Security program.
My plan brings our Social Security system back into balance
by asking the top 2% of earners to start contributing a fair share of their
wages to the system and by asking the top 2% of families to contribute a
portion of their net investment income into the system as well:
First, my plan imposes a 14.8% Social Security contribution requirement on individual wages above $250,000 — affecting less than the top 2% of earners — split equally between employees and employers at 7.4% each. While most American workers contribute to Social Security with every dollar they earn, CEOs and other very high earners contribute to Social Security on only a fraction of their pay. My plan changes that and requires very high earners to contribute a fair share of their income. My plan also closes the so-called “Gingrich-Edwards” loophole to ensure that self-employed workers can’t easily reclassify income to avoid making Social Security contributions.
Second, my plan establishes a new 14.8% Social Security contribution requirement on net investment income that applies only to the top 2% — individuals making more than $250,000 in annual income or families making more than $400,000 in annual income. My plan creates a new contribution requirement — modeled on the Net Investment Income Tax (NIIT) from the Affordable Care Act — that asks people and families above these high income thresholds to contribute 14.8% of the lesser of net investment income or total income above these thresholds. My plan also closes loopholes in the NIIT that allow wealthy owners of partnerships and other businesses to avoid it. This contribution requirement will ensure that the very wealthy are paying into Social Security even when they report the bulk of their income as capital returns rather than wages.
