The White House released fact sheets that highlight the need for and impact of the investments proposed by President Biden in the American Families Plan in states and territories across the country. The American Families Plan is a once-in-a-generation investment in the foundations of middle-class prosperity: education, health care, and child care.
The fact sheets highlight how many families would benefit from free community college and universal pre-K, the high costs of child care, the number of workers who lack access to paid family leave, and the thousands of dollars families and workers would save in tax cuts and credits.
Individual fact sheets for each of the 50 states, the District of Columbia, Puerto Rico, and other territories are linked below.
These fact sheets are the latest in a series from the White House highlighting the benefits of the American Families Plan for communities, in addition to a series of fact sheets on the American Jobs Plan. Fact sheets on how the American Families Plan advances racial equity and supports rural America have been released in recent weeks.
The vigorous contest of Democrats
seeking the 2020 presidential nomination has produced excellent policy
proposals to address major issues. One of the major issues is how to
restructure the economy for sustainability and protect jobs. Senator Amy
Klobuchar just released a comprehensive plan to address the future of work
in a changing economy This is from the Klobuchar campaign:
DES MOINES – Today, ahead of a panel discussion
at Machinists Lodge 254 in Des Moines, Senator Amy Klobuchar released her plan
for the future of work and a changing economy. Senator Klobuchar’s proposal is
a comprehensive plan to address digital disruption and renew the social
contract in the gig economy, respect the dignity of work, invest in America’s
future and focus on economic justice and shared prosperity.
Senator Klobuchar’s plan includes updating consumer and worker
protections, strengthening collective bargaining and labor rights, establishing
national paid family leave, creating portable personal retirement accounts,
boosting entrepreneurship and investing in cybersecurity.
Senator Klobuchar’s Plan for the Future of Work and a
In America, no matter where you come from, who you know, or where you
live, if you work hard, you should be able to make it in this country. But
that’s not the case for too many people in today’s economy. Senator Klobuchar
is committed to championing economic policies that give all Ameicans an
opportunity to succeed. That means connecting our students and affordable
education to the jobs of today and tomorrow, increasing wages and respecting
the dignity of work, making health care more affordable, ensuring a secure
retirement, investing in our infrastructure and creating jobs, focusing on
economic justice and shared prosperity, and budgeting responsibly for our
future. And it means a Competitive Agenda for America to ensure that America
continues to be a country that thinks, that invents, that makes stuff, and that
exports to the world.
Address Digital Disruption
Senator Klobuchar believes we need to start tackling the challenges
presented by digital disruption and a changing economy. The future of work is
changing, which is putting stress on the social contract we’ve had in this
country when it comes to job training, employment, and retirement. Senator
Klobuchar’s plan is a plan for the future: offering stronger worker
protections, reasserting protections for consumers in a digital world,
investing in cybersecurity across the economy to prevent crippling attacks on
infrastructure and commerce, and taking on consolidation which is threatening
to take us into a new Gilded Age.
Renew the Social Contract for the Gig Economy. Senator
Klobuchar believes we must update our laws to reflect the evolving nature of
Invest in education and job training, including for
workers at risk of losing their jobs to automation. Senator Klobuchar
is committed to creating new opportunities and ensuring a just transition for
workers who have been displaced by the changing economy. She believes the
federal government has an important role to play during economic transitions.
As President she will take action to ensure that workers can pursue additional
education and can do so without a financial burden at any age. She will also
create a new tax credit for employers that invest in training for workers at
risk of being laid off through on-site training programs or provide paid time
off for off-site retraining.
Make it easier to save for retirement. The
retirement system we have today wasn’t designed for today’s economy where
workers stay in a job for an average of four years and more than 57 million
Americans are working in the gig economy. As President, Senator Klobuchar will
work to create innovative, portable personal retirement accounts called
UP-Savings Accounts. Under her plan, employers will set aside at least 50 cents
per hour worked, helping a worker build more than $600,000 in wealth over the
course of a career.
Invest in quality, affordable child care and create a
national paid family and medical leave program. As President, Senator
Klobuchar will create a national paid family leave program to provide workers
with 12 weeks of paid leave per year to care for a new child, a family member
with a serious health condition, or their own serious health condition. She
will also create a new federal-state partnership to make child care more
affordable by capping spending on child care at seven percent of income for
families making up to 150 percent of their state’s median income, invest in
expanding the availability of child care, and work to raise wages for
caregivers and early childhood teachers. Read more about Senator Klobuchar’s
child care and paid family leave policies here.
Give workers access to a non-profit public option for
health insurance. As President, Senator Klobuchar will work to pass
legislation to create a non-profit public option that expands Medicare or
Medicaid. She will also build on the Affordable Care Act to help bring down
costs to consumers, including expanding premium subsidies, providing
cost-sharing reductions, making it easier for states to put reinsurance in
place, and continuing to implement delivery system reform. And she will take on
the other health care challenges we face including the price of prescription
drugs, mental health care, addiction and long-term care. Read more about Senator Klobuchar’s
health care policies here.
Allow gig workers to organize and prevent employees from
being misclassified as independent contractors. As President, Senator
Klobuchar will work to pass Senator Patty Murray’s Protecting the Right to
Organize Act — a bill Senator Klobuchar co-sponsors in the Senate — that
protects gig workers by preventing employers from misclassifying their
employees as independent contractors.
Update the tax code to work for gig workers. Gig
workers face additional challenges in properly tracking earnings and expenses
and calculating and paying taxes. As President, Senator Klobuchar will simplify
withholding for self-employed workers. Giving workers the option of having
their self-employment taxes withheld directly from their 1099s would reduce the
burden of quarterly tax filing and help smooth irregular incomes. She will also
lower the 1099-K threshold for gig economy platforms, so workers have more
information about their earnings, and consider creating a gig worker standard
business deduction to simplify the calculation of business expenses for gig
Update Consumer Protections for the 21st Century
Economy. Advances in technology have opened new opportunities for
consumers, entrepreneurs and businesses, but they have also created new threats
to privacy. Consumer protection laws have not kept pace with these
technological advances. As President, Senator Klobuchar will update consumer
protections so they work in the 21st century economy.
Strengthen consumer privacy protections. As
President, Senator Klobuchar will work to pass legislation similar to the
Consumer Online Privacy Rights Act, which she leads with Senator Maria
Cantwell. The bill would establish strong privacy rights for consumers
including the right to access their data and greater transparency, the right to
prevent data from being distributed to unknown third parties, the right to
delete or correct their data and the right to take their data to a competitor.
It would also establish a “duty of loyalty,” which would prohibit
companies from engaging in deceptive and harmful data practices. In addition,
the legislation would require companies to implement strong data security
policies, receive affirmative consent from consumers for collecting sensitive
information, and give consumers, states, and the Federal Trade Commission new
enforcement authorities. Senator Klobuchar will also work to pass legislation
based on her bipartisan Protecting Personal Health Data Act to create
protections for new health technologies not covered by existing privacy laws.
Increase rights for consumers after data breaches. As
more personal information is collected and stored online, consumers are
increasingly vulnerable to having their data exposed in a data breach. As
President, Senator Klobuchar will push for legislation similar to her
bipartisan Social Media Privacy and Consumer Rights Act to require companies to
notify users within 72 hours when their data has been breached and offer
meaningful remedies for people whose data has been compromised.
Empower consumer protection agencies. Without
effective enforcement, fraud and scams — like robocalls, senior fraud,
identity theft, and predatory student loans — have become problems for too
many Americans. As President, Senator Klobuchar will make sure that the federal
agencies charged with protecting consumers have the tools they need to be
effective cops on the beat, including personnel, technological expertise, and
strong enforcement authorities.
Tackle new forms of discrimination. As
President, Senator Klobuchar will update our laws to counter new forms of
discrimination, like digital redlining and racial bias built into algorithms
that are playing a larger role in everything from hiring decisions to medical
Provide access to a free and open internet. Consumers
and businesses deserve a level playing field on the internet. As President,
Senator Klobuchar will work to codify strong net neutrality principles and make
immediate progress in her first 100 days by using federal contracting
requirements to encourage broadband providers to honor net neutrality
principles and promote a free and open internet.
Invest in Cybersecurity That Protects Our Economy and Our
Democracy. Our economy increasingly relies on internet-connected
devices and infrastructure and this trend will only accelerate in the coming
years. This creates opportunities for terrorists, foreign governments, and
competing firms that could severely damage our economy. And we already know
that our election infrastructure is vulnerable to cyber attack and foreign
governments are working to interfere in our elections. Read more about Senator
Klobuchar’s plans to protect our democracy here.
Build the cybersecurity workforce our economy
needs. The Bureau of Labor Statistics predicts the United States will
add over 550,000 new information technology jobs to our economy over the next
10 years, including in big data and information security. As President, Senator
Klobuchar will expand STEM programs, including for women and traditionally
underrepresented minorities, and invest in apprenticeships so students and
workers can get on-the-job training in the technology jobs of the future, and
she will expand access to credentials through tution-free one- and two-year
degrees, technical certifications, and tuition-free community college.
Protect critical infrastructure against cyberattacks. Cyberattacks
on our electric grid, transportation infrastructure, or water management
systems could be devastating to our economy. As President, Senator Klobuchar
will work to build federal partnerships with the private sector to implement
NIST’s cybersecurity framework. She will make sure the federal government is
assisting companies in addressing global supply chain risks and increasing the
security of emerging technologies. Senator Klobuchar will also improve federal
preparedness for responding to cyber incidents.
Increase cybersecurity expertise in the federal
government. As President, Senator Klobuchar will make cybersecurity an
immediate priority. She will issue an Executive Order launching government-wide
cybersecurity initiatives, fast-tracking and streamlining procurement of modern
information technology across agencies. She will also work to pass legislation
similar to her bipartisan Cyber Security Exchange Act to provide a path for
cyber experts at private firms or academia to work for federal agencies for up
to two years. Federal workers will also be given the opportunity to work in the
private sector to develop their skills in the latest cybersecurity
Strengthen Antitrust Enforcement. U.S. firms
have engaged in $10 trillion worth of acquisitions during the past
decade. Senator Klobuchar believes we need to do more when it comes to
taking on monopoly power and promoting competition not just for our consumers
but for our businesses. Competition does more than just lower prices. It
improves quality, spurs innovation, makes it easier for entrepreneurs to start
new businesses, and creates better jobs. As the top Democrat on the Senate
Judiciary Antitrust Subcommittee, Senator Klobuchar has been a leader in taking
on this new Gilded Age. She leads the Consolidation Prevention and Competition
Promotion Act to make sure our antitrust laws adequately promote competition
and protect consumers, the Merger Enforcement Improvement Act to give antitrust
enforcement agencies the tools they need to be effective, and the Merger Filing
Fee Modernization Act to update merger filing fees.
Investigate monopolization claims and review mergers that
have already taken place. As President, Senator Klobuchar will harness
the power of investigations to look at acquisitions that have already occured
and investigate monopolization claims, including whether the integration of
services insulate tech companies from competition.
Strengthen merger enforcement. As President,
Senator Klobuchar will make sure that our antitrust agencies have the resources
they need to be aggressive and effective, updating the outdated merger filing
fees so that the merging parties of the largest deals start paying their fair
share. She will also give the agencies tools to analyze the effectiveness of
merger conditions so they can make better and stronger enforcement decisions.
Give antitrust agencies and courts the legal tools
necessary to promote competition. As President, Senator Klobuchar will
work to pass legislation creating a more stringent legal standard to protect
competition, shifting the burden of proof for mega-mergers from the government
to the parties to demonstrate that their mergers do not reduce competition, and
clarifying that existing antitrust laws should take into account more than
price and that they should also consider vertical integration, harm to
innovation, as well as monopsony — a market condition where there is only one
Create a new competition advocate. As President,
Senator Klobuchar will create a new position to oversee the effectiveness of
merger enforcement. The Office of the Competition Advocate would help consumers
raise complaints about anti-competitive activity, encourage antitrust
investigations, and analyze and publish reports on merger activity.
Respect the Dignity of Work
Senator Klobuchar believes that everyone who works hard should be able
earn enough to care for and support their family. Respecting the dignity of
work means raising the minimum wage, providing paid family leave and child care
and making sure people have a secure retirement.
Raise the Minimum Wage to $15 an Hour and Enforce
It. As President, Senator Klobuchar will push for legislation to raise
the federal minimum wage to $15 an hour and eliminate the tipped minimum wage.
To make immediate progress toward this goal, she will increase the minimum wage
for federal contractors to that threshold. She will also immediately strengthen
enforcement and expand investigations to make sure that our wage laws are
properly enforced and that workers are able to recover back pay when the
government rules in their favor.
Create a National Paid Family and Medical Leave Program. The
United States is the only industrialized nation without a national paid leave
program, and only 19 percent of American workers have access to paid family
leave through their employer. As President, Senator Klobuchar will create a
national paid family leave program to provide workers with 12 weeks of paid
leave per year to care for a new child, a family member with a serious health
condition, or their own serious health condition. Read more about Senator Klobuchar’s
plan for paid family and medical leave here.
Invest in Quality, Affordable Child Care. Senator
Klobuchar believes that early, quality child care and education is one of the
most important public investments we can make as a country. As President,
Senator Klobuchar will work to create a new federal-state partnership to make
child care more affordable by capping spending on child care at seven percent
of income for families making up to 150 percent of their state’s median income
and invest in expanding the availability of child care and raising wages for caregivers
and early childhood teachers. Read more about Senator Klobuchar’s
plan for child care here.
Make It Easier to Retire. As President, Senator
Klobuchar will work to create innovative, portable personal retirement accounts
called UP-Savings Accounts. Under her plan, employers will set aside at least
50 cents per hour worked, helping a worker build more than $600,000 in wealth
over the course of a career. She will continue to push for legislation to
protect retiree pensions. Senator Klobuchar will also work to strengthen Social
Security, and she believes that this program must remain solvent for
generations to come and she will fight against risky schemes to privatize it.
As President, Senator Klobuchar will work to lift the Social Security payroll
cap. Currently the payroll tax only applies to wages up to $133,000. Senator
Klobuchar supports subjecting income above $250,000 to the payroll tax and
extending the long-term solvency of Social Security. And Senator Klobuchar will
make sure people are treated fairly by the current Social Security system. As
President, she will work to strengthen and improve Social Security benefits for
widows and people who took significant time out of the paid workforce to care
for their children, aging parents, or sick family members. Senator Klobuchar
also opposes cuts and risky schemes to privatize Medicare and will take action
to strengthen Medicare and find solutions so it remains solvent. She will
improve Medicare for current beneficiaries by reforming payment policies
through measures like site neutral payments and providing incentives for
getting the best quality health care at the best price, including bundled
payments and telehealth. Read more about Senator Klobuchar’s
policies for seniors here.
Stand up for Our Unions. As the granddaughter of
an iron ore miner and the daughter of a union teacher and a union newspaperman,
Senator Klobuchar knows firsthand how unions give Americans and their families
the opportunities they need to succeed. As President, she will support real
labor law reform, ensure free and fair union elections, protect collective
bargaining rights, roll back Right to Work laws, and make it easier — and not
harder — for workers to join unions. Read more about Senator Klobuchar’s
labor policies here.
Invest in America’s Future
Right now, our economy is stable thanks to the efforts of our workers
and our businesses. Senator Klobuchar believes that real leaders use times of
stability to take on the challenges before them and invest for the future. As
President, Senator Klobuchar will strengthen our economy by empowering small
businesses and entrepreneurs and expanding exports, get our fiscal house in
order and tackle the big challenges we face as a country.
Empower Small Businesses and Entrepreneurs and Expand
Exports. Senator Klobuchar knows that small businesses and
entrepreneurs help power our economy and create jobs. Supporting small
businesses is one of the best ways to maintain a dynamic economy. And in an
increasingly global economy, she is committed to giving more businesses the
opportunity to export and reach customers across the world.
Expand access to capital for small businesses. Lack
of access to capital is one of the biggest obstacles to starting a small
business. As President, Senator Klobuchar will expand Small Business
Administration (SBA) lending programs and make it easier for small businesses
to get the loans and technical assistance they need to grow. She will also work
to increase small dollar lending by the SBA, which can be particularly
important for women and people of color seeking to start a small
Promote entrepreneurship and reverse the “startup slump.” New
businesses drive economic growth, but fewer startups are launched every year.
Startup rates have fallen to near 30-year lows. Senator Klobuchar recently
launched the bipartisan Senate Entrepreneurship Caucus with Senator Tim Scott
to address the most pressing issues facing entrepreneurs. As President, she
will build on her work through the America COMPETES Act to close the gap
between innovation and commercialization, help colleges and universities
partner with entrepreneurs, accelerate the commercialization of federally
funded research and update regional innovation programs at the Economic
Development Administration. To reverse the startup slump she will also tackle
unprecedented corporate consolidation, make it easier to export, simplify small
business rules, expand access to capital, as well as promote incubators,
mentoring and training.
Make it easier to export, especially for small businesses. Ninety-five
percent of the world’s potential customers live outside of the U.S., but less
than one percent of American businesses export. As President, Senator Klobuchar
will restart the President’s Export Council, which brings together business,
labor, and agricultural leaders with Members of Congress and key Administration
officials to help promote a comprehensive export and trade strategy. She will
also work to pass legislation based on her bipartisan Promoting Rural Exports
Act to establish a Rural Export Center to help rural businesses export their
products to new international markets. And since international tourism is one
of our top exports, she will work to reauthorize Brand USA so the United States
can compete to attract foreign visitors.
Support small manufacturers. As President,
Senator Klobuchar will support and expand the Manufacturing Extension
Partnership program, which the Trump Administration has tried to eliminate. The
program helps small manufacturers innovate, upgrade their technology and
improve production. She will work to create a manufacturing tax incentive to
encourage investment in rural communities or communities that have faced or are
about to face manufacturing job losses. She will also support our small
manufacturers by expanding guaranteed loan programs that make it easier for
rural manufacturers to access capital, pushing for a new tax credit for
manufacturers to hire registered apprentices, providing financing and grants
for equipment and technology upgrades, and working with states, localities,
research universities and community colleges to promote workforce development,
apprenticeships, and innovation in manufacturing.
Govern with Fiscal Responsibility. In less than
three years, President Trump has added $4 trillion to the national debt. The
nonpartisan Congressional Budget Office estimates that by 2029, the national
debt will be higher than it has been at any time since 1946, right after World
War II. And each year over the next decade the federal government will spend an
average of about $1.2 trillion more than it collects in revenue. As President,
Senator Klobuchar will reverse this trend with the goal of lowering the debt to
GDP ratio by the end of her first term and putting our country on a sustainable
Move to a biennial budget process. Senator
Klobuchar will push to overhaul the way Congress budgets federal dollars to
strengthen oversight of government spending and move the country forward when
it comes to tackling the nation’s debt. She is a co-sponsor of Senators Johnny
Isakson and Jeanne Shaheen’s Biennial Budgeting and Appropriations Act, which
would create a two-year budget and appropriations cycle with the first year
dedicated to appropriating federal dollars and the next year dedicated to
conducting oversight of how those federal dollars are being used. Senator
Klobuchar also supports moving from a 10-year forecasting window to a 25-year
forecasting window for Congressional Budget Office and Joint Tax Committee
scores, as the expanded window will better capture the long-term fiscal impact
of federal policies.
Establish a dedicated fund to tackle the U.S. debt and
support our economy. Senator Klobuchar will establish a dedicated fund
to make a down payment to tackle the U.S. debt and protect our economy. She
will initially seed the fund with $300 billion by raising the corporate tax
rate and dedicating savings from the government-wide budget review. When the
economy is doing well, the fund will finance deficit reduction. When specific
economic indicators show our economy is in a recession, the funding will
automatically be diverted to increase spending on programs that are effective
at stimulating the economy like infrastructure spending, increased unemployment
and nutrition assistance, and an increased federal share of Medicaid and CHIP
spending. As tax changes are implemented and as departments complete Senator
Klobuchar’s government-wide review, she will invest additional government-wide
savings towards expanding the fund to decrease the deficit and support our
Eliminate duplicative government spending. Senator
Klobuchar will immediately order all cabinet secretaries to undertake a
comprehensive review of their department’s budget and identify a list of
duplicative and unnecessary programs as well as potential gaps in spending.
When it comes to our nation’s defense, Senator Klobuchar is committed to
maintaining and extending our military superiority over any adversary that
would challenge us. She will ensure that our troops are the best-trained and
best-equipped in the world, while also providing for their families at home.
Yet virtually every analysis of the Pentagon’s budget has found duplicative and
unnecessary programs – so she will ask her Secretary of Defense and other
cabinet secretaries to take a close look at how money is being spent with an
eye towards eliminating duplicative and unnecessary spending.
Tackle Today’s Challenges for a Stronger Future. Senator
Klobuchar believes we need to govern from opportunity, not chaos. And governing
from opportunity means meeting the challenges we face head on.
Build a 21st century workforce. Senator
Klobuchar believes we should align our education system with the needs of our
economy. As President, she will champion tuition-free one- and two-year
community college degrees and technical certifications, expand apprenticeships,
and make it easier for Americans who need help to afford four-year degrees. She
will work to reduce the burden of student loans, support our Historically Black
Colleges and Universities, and expand Pell Grants. Read more about Senator Klobuchar’s
post-secondary education policies here.
Pass comprehensive immigration reform. Senator
Klobuchar believes that comprehensive immigration reform is crucial to moving
our economy and our country forward. As President, she will push for a
comprehensive immigration reform bill that includes the DREAM Act, targeted
border security and an accountable pathway to earned citizenship.
Invest in our infrastructure. Senator Klobuchar
has proposed a bold plan to rebuild America’s infrastructure, invest in our
future, and create millions of good-paying American jobs. Her plan includes
repairing and replacing our roads, highways and bridges as well as building
smart climate infrastructure, ensuring clean water, modernizing our airports,
seaports and inland waterways, expanding reliable public transit options,
rebuilding our schools, overhauling our country’s housing policy, and
connecting every household to the internet by 2022. Read more about Senator Klobuchar’s
policies to build America’s infrastructure here.
Make housing more affordable. Senator Klobuchar believes everyone deserves a safe and affordable home. As President, Senator Klobuchar will expand the Housing Choice Voucher program to make vouchers available to all qualifying households with children, increase access to homeownership while investing in neglected neighborhoods, tackle homelessness, and increase affordable rental housing in rural communities. She will also fight housing discrimination and invest in providing access to counsel in civil cases involving basic human needs. Read more about Senator Klobuchar’s housing policies here.
Focus on Economic Justice and Shared Prosperity
Senator Klobuchar believes that right now the Trump economy works for President Trump and his wealthy friends, not for everyone else. As President, she will take on structural racism and remove barriers to success and support communities at risk from being left behind in the new economy.
Address Structural Racism and Barriers to Success. Senator
Klobuchar is committed to addressing the structural racism in our society and
making sure that everyone has the opportunity to succeed. She believes that no
matter where you live, who you know, where you come from, or what you look
like, you should be able to make it in this country.
Work to end child poverty. As President, within
her first 100 days, Senator Klobuchar will put forward a plan to cut childhood
poverty in half in ten years and end child poverty in a generation. The plan
will be based on a National Academies of Science report and include expanding
the Earned Income Tax Credit, the Child Care Tax Credit, SNAP benefits and
overhauling our country’s housing policy.
Eliminate the wage gap. Today, women working
full-time earn 80 cents for every dollar paid to a man, and the gaps are even
larger for women of color. As President, Senator Klobuchar will work to pass
Senator Patty Murray’s Paycheck Fairness Act to ensure that employers pay
employees equally for equal work — including by prohibiting employers from
asking about the salary history of prospective employees.
Eliminate the wealth gap. Today, Black and
Latino households have only about a tenth of the median net worth of white
households. Senator Klobuchar’s proposal to establish portable, employer-funded
UP-Savings Accounts for retirement savings will help address this disparity.
She is also co-chair of the Diversifying Technology Caucus and the
Entrepreneurship Caucus with Senator Tim Scott. As President she will work to
get more women and people of color in STEM jobs and she will fully empower
agencies to aggressively fight modern-day redlining that prevents businesses
owned by people of color from getting loans and take on predatory lending that
results in higher interest rates in low-income communities of color.
Make education the great equalizer. Senator
Klobuchar believes a good education is one of the very best investments we can
make in our country’s future. As President, Senator Klobuchar will help make
education the great equalizer by increasing teacher salaries, investing in math
and science to prepare our students for the jobs of tomorrow, and rebuilding
our school infrastructure. She has proposed “Progress Partnerships” to help
states take bold action to fund our public schools — including making sure
infrastructure funding goes to high need areas and reviewing state funding
formulas to improve equity. She will also put back in place guidance from
President Obama directing schools to reduce racial disparities in how they
Support Communities at Risk From Being Left Behind in the
Changing Economy. As President, Senator Klobuchar is committed to
providing additional support to at-risk communities so that no one is left
Expand loans for and investments in local communities in
need. For the past 40 years, the Community Reinvestment Act (CRA) has
encouraged financial institutions to make loans and investment in local
communities, especially low-income and minority communities. Senator Klobuchar
will protect the CRA and instruct financial regulators to conduct greater outreach
to assess the true credit needs of their communities.
Support and strengthen the Economic Development
Administration. The Economic Development Administration (EDA) works
directly with communities and regions to promote competitiveness and innovation.
It has a proven track record of success and on average every $1 of EDA
infrastructure funding generates $15 in private investment. Still, the Trump
Administration has repeatedly proposed eliminating the agency. Senator
Klobuchar will ensure the agency has the resources to carry out its mission.
Bridge the rural-urban divide. Senator Klobuchar
has proposed a plan for America’s Heartland that will strengthen our
agricultural and rural communities, bridge the rural-urban divide, and make
sure that kids who grow up in rural America can stay in rural America. This
includes connecting every household to high speed internet by 2022. She knows
that America’s prosperity depends on the success of our farmers and rural
businesses and as a senior member of the Agriculture Committee, she’s been a
champion for farmers and rural communities in the Senate. Read more about Senator Klobuchar’s
agriculture and rural policies here.
Fulfill our responsibility to our communities and workers who have helped power this country. As the granddaughter of a miner who worked 1,500 feet underground, Senator Klobuchar understands the hard work and sacrifice of those who built and powered our country. She is committed to supporting and creating new opportunities for workers and communities that have depended on the fossil fuel industry as our country transitions away from fossil fuels. Senator Klobuchar will work with the public and private sectors to attract new employers and maintain public services, while investing in infrastructure and educational opportunities in areas that experience job loss. As part of any carbon pricing system, she will create a significant manufacturing tax incentive to encourage investment in communities that have faced or are about to face job losses. To make it easier for workers to find new jobs, Senator Klobuchar will also create a new tax credit for companies that hire workers who have previously depended on the fossil fuel industry for employment.
Senator Klobuchar describes how she will pay for these plans and more here, here, here, here, here and here. To pay for her deficit reduction fund, Senator Klobuchar will increase the corporate rate by two additional points to 27 percent and initiate a government-wide budget review. To pay for her child poverty plan, Senator Klobuchar will repeal the regressive portions of the 2017 Republican tax bill.