Tag Archives: Democrats 2020

Biden Offers “Make It Work” Checklist for Implementation and Oversight of the CARES Act

Joe Biden released a “Make It Work” checklist to provide the federal government with specific recommendations surrounding the implementation and oversight of the CARES Act, the recent stimulus package passed by Congress to ensure the economic relief and recovery effort works for families, workers, and small businesses. The checklist builds on Biden’s plan to combat coronavirus (COVID-19) released on March 12 and his emergency action plan for the economy released on March 26. © Karen Rubin/news-photos-features.com

Absolutely none of the plans to mitigate against the twin crises posed by the coronavirus pandemic on Americans’ healthcare and the nation’s economy have come from Trump, but rather he has played catch up finally responding to the pleas and shaming from Congressional Democrats, who turned the trillion dollar slush fund for corporations into a $2.2 trillion relief bill, and from Governors and Mayors desperate for life-saving medical equipment and supplies. But his administration has proved woefully inadequate to implement. The $350 billion earmarked to rescue small businesses that is supposed to go into effect has no actual means; the billions in relief checks that are supposed to go to individuals are bogged down by a dysfunctional administration. While Trump has used the coronavirus pandemic to attack Democrats, and take advantage of the limited ability of Democratic candidates Joe Biden and Bernie Sanders to campaign by turning briefings into rallies and extort praise and adulation from desperate government officials, Biden has sought to point to the contrast his leadership would offer.

Joe Biden released a “Make It Work” checklist to provide the federal government with specific recommendations surrounding the implementation and oversight of the CARES Act, the recent stimulus package passed by Congress to ensure the economic relief and recovery effort works for families, workers, and small businesses. (Recall Trump’s signing statement which basically obviated the oversight the Democrats put into the Act.) The checklist builds on Biden’s plan to combat coronavirus (COVID-19) released on March 12 and his emergency action plan for the economy released on March 26. This is from the Biden campaign –Karen Rubin, news-photos-features.com.

Implementation and Oversight of the CARES Act:
The Biden “Make It Work” Checklist

1. Making Americans who lose their jobs financially whole by ensuring that they get their unemployment insurance on time and in full. The CARES Act provides for the equivalent of full wage replacement for average American wage-earners. With millions of Americans making claims for lost jobs in a single week – nearly five times the previous record – getting workers their wage replacement checks fast has never been more important. Let’s be clear: even with new funds from the CARES Act, if the White House does not do everything in its power to help all of our states swiftly implement these new unemployment (UI) benefits, states will be even more overwhelmed. Our states will need help with staffing capacity, technology solutions, training for new claims processors, and best practices from other jurisdictions. This must happen immediately – before the crush of UI claims becomes even more overwhelming. Americans desperate for relief to pay the rent and keep food on the tables for their children will judge states’ performance on the number of UI claims successfully processed, the number of Americans paid as quickly as possible, and how quickly they receive relief – beginning this week. Biden would:

Establish a UI delivery team to help states solve any implementation problems they face. He would authorize that team to provide funds beyond the $1 billion appropriated to states to add staffing and server capacity.

Apply a financial version of the Defense Production Act to ensure that banks that have contracts with states deliver unemployment benefit payments to laid-off workers do so in a timely manner, and that they offer prompt electronic payment options.

Issue clear guidance about the broadest possible eligibility and communicate that guidance effectively so that all Americans understand what benefits they are entitled to.

Make clear that gig workers can get partial benefits when they are still working if their compensation and hours have been significantly reduced.

Work with Congress to extend the provisions for the duration of the crisis. Four months is not enough to provide families the aid they need throughout this economic crisis.

2. Get direct cash relief as quickly as possible to as many Americans as possible. The CARES Act provides for $1,200 per person and $500 per child in cash relief for millions of  working families. Biden would prioritize getting Americans the cash relief they are owed and making it easy to access the relief. The Trump administration is already failing at this by causing needless worry for millions of seniors and people with disabilities. Biden would do so by:

Delivering the payments electronically whenever possible and delivering pre-paid debit cards to those who don’t have bank accounts. Payments should not be delayed just so that President Trump can put his signature on a physical check.

Making payments automatic for millions who haven’t filed a tax return based on information the government already has– and streamlining filing for others. The Trump Administration has needlessly confused millions by first announcing that Social Security recipients and people with disabilities would have to file a tax return to receive their stimulus rebate, before reversing themselves. The reversal is welcome. The CARES Act clearly allows the Treasury Department to send cash relief payments automatically to millions of seniors, people with disabilities, veterans, and others without burdening them with new paperwork during a pandemic. Treasury can send these payments using information that the Social Security Administration, the Veterans Administration, and other agencies already possess to get payments to these people. From the start, Biden would have announced an automatic, clear, and simple process of getting stimulus payments to these individuals. And he would extend these same automatic payments to others, like veterans, who still would not get automatic payments under the Administration’s plan. For those who do need to file a new form, Biden would establish an immediate, streamlined cash relief application process to make sure the neediest Americans are being taken care of. There is no reason that most of these Americans cannot be paid within days of filing this paperwork with the right focus, the right process, and the right prioritization.

Expanding the CARES Act relief to dependents left out of the legislation. Democrats fought and won cash relief for most working families, but the legislation left out relief for dependents aged 17 and older, whether a high school student or an older relative living with a family. That is a huge hole in support for working families. As he pushes for relief to extend as long as is needed to pull us through this crisis, Biden would immediately ask Congress to correct this and give these families the support they deserve.

Preparing for additional payments. As the crisis continues, Biden would provide additional cash payments as necessary.

3. Keep as many people on payroll as possible by working with all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands to make maximum use of “work-sharing” and “short-time compensation” programs. The Obama-Biden administration expanded an innovative form of “employment insurance,” called “work-sharing” or “short-time compensation.” Under these programs, when a business keeps its workers on payroll – but with reduced hours – federally-backed insurance will compensate those workers to make up for their reduced hours. Expanding short-time compensation has never been more important than today, when keeping workers on payrolls is an urgent national economic priority. Before this crisis, more than 20 states didn’t have programs to allow for short-time compensation, and they were often underutilized even in the states that did. The CARES Act provides for additional federal financing to expand work-sharing. To make that financing work, Biden would:

Direct the Department of Labor to ensure these programs are offered in 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.

Provide resources and guidance for states to create a simple application for small businesses, as well as larger businesses, to take advantage of work-sharing. 

Direct the Department of Labor to issue guidance applying the $600 per week emergency boost in unemployment insurance under the CARES Act to work-sharing programs.

Work with Congress to allow, on an emergency basis, work-sharing programs to pay benefits when hours are reduced dramatically, but employees are still working part-time. 

4. Take the necessary steps to ensure that all small businesses can access relief fast, not just those with the right connections. The CARES Act includes a small business program to provide loans and funds to help small businesses survive this storm and keep their workers on their payroll. It also provides the same relief to small nonprofits, many of whom are needed more than ever in a national crisis. However, there is no assurance that all eligible small businesses will receive support — and the program relies on private banks’ willingness and ability to swiftly provide these government-backed loans. An approach that simply assumes major banks will do this in a fair, efficient, and comprehensive way is likely to result in too few loans being made, too slowly, and mostly to larger and more well-resourced businesses with established relationships and connections. To get loans out quickly to the millions of qualifying Main Street small businesses that need relief — especially in rural and urban communities and those owned by women and minorities — we need a network of financial institutions committed to and capable of efficiently extending credit to every small business and nonprofit in need of support. The rules must be clear and simple to give every eligible small business the confidence that relief is coming, and that they can plan for the future with that relief in mind. There are millions of struggling businesses that do not have time to wait. Success cannot be judged by incremental progress or splashy announcements – we need an effort to direct hundreds of thousands of loans to businesses, beginning this week. For Biden, this would be designated as a vital national priority. Immediately, he would:

Apply a financial version of the Defense Production Act, to make all banks prioritize the swift processing of small business loans, putting them at the front of the line as a national priority. Banks would have to process loan applications within a few working days from all small businesses seeking relief, including the mom-and-pop shops that need help the most and are frequently pushed to the back of the line and those in low-income and traditionally underbanked geographies.

Cut red tape: immediately use the authority in the CARES Act to set simple and clear eligibility criteria; a hyper-streamlined application process; and an expedited process for the smallest of businesses who are most likely to be left out.

Explore creative solutions like working with payroll processing companies to speed up disbursement, including a one-click process for accessing funds.

Produce a weekly dashboard to show which small businesses are accessing loans – to make sure that the program isn’t leaving out communities, minority- and women-owned businesses, or the smallest businesses – and whether they are maintaining payroll.

Make sure that the small business loan program is connected with the work-sharing strategy so that these initiatives are providing the maximum support towards keeping workers on payroll.

Halt evictions and foreclosures of small businesses, and work to provide forbearance on rent and mortgages to provide a lifeline as loans are being processed

Immediately reengage Congress to allow for small business loans that can keep workers on the payroll for far longer than eight weeks.

Immediately seek bipartisan agreement that additional resources will be available as needed to cover loans to eligible small businesses and nonprofits, so that there is not a race to exhaust the $350 billion that leaves some of the most deserving family and smaller-businesses out in the cold because they were not as well-connected or served well by banks.

5. Set clear rules on any industry support – they must help workers and communities, not bail out shareholders or financial industry creditors. The CARES Act gives the Treasury Secretary authority to provide financial assistance directly to large companies. While Democrats secured important protections against stock buybacks and executive compensation, Biden would set a higher bar to make sure that any industry bailout package helps workers and communities where the company operates – not the existing shareholders or creditors of some of the largest companies in the country. He would require that, in return for any financial assistance, large companies accept further conditions along the lines outlined by Senators Brown and Warren, including that they: 

Demonstrate they are prepared to actively participate in the public health effort, including production, distribution, and logistics capacity.

Agree to maintain payrolls at reasonable levels, for both full-time employees and contractors.

Allow taxpayers to share in the upside of any recovery, as was practiced during the last downturn, while ensuring existing shareholders and creditors share in any losses.

Agree to worker representation on their Board of Directors.

Commit to not transfer jobs out of the United States.

6. Establish strong oversight and transparency to police abuse and misappropriation by the Administration and the corporations who receive funds. In addition to enforcing strict conditions, Biden would ensure there are no sweetheart deals, no special favors, and no slush fund, and that corporations follow through on their hard commitments. This is a major concern given the track record of the Trump administration. In the CARES Act, Congress established a Special Inspector General to police the $500 billion in funding for large corporations and to make sure it is going to the right places for the right reasons. But last week, Trump’s White House announced that it intends to restrict the work of the Special Inspector General, in defiance of the bipartisan legislation and the will of the American people to have strong transparency and oversight. Biden would provide full freedom to the Special Inspector General to conduct oversight, meet regularly with him or her, and ensure he or she had all the resources required for effective oversight. That is what he did with the Inspector General under the Recovery Act, and the result was less than 0.2% fraud . 

7. Move much-needed funds for public health and emergency medical needs to hospitals, and local, state, and tribal governments. The CARES Act includes critical provisions to meet the needs of this public health emergency, including funding for cash-strapped hospitals. Biden would focus on getting those funds out the door, with a special focus on rural hospitals that were already financially constrained before COVID-19. He would also provide additional reimbursement plus-ups for Medicare providers who are risking their lives to treat patients. Finally, Biden would ensure that hospitals are not cutting the pay of doctors and nurses during this emergency, as some reports have indicated. The allocation of federal dollars should be conditioned on an explicit commitment to not cut back on wages or benefits of hospital-based health care workers. As funds are disbursed, Biden would work to ensure the administration is tracking what else hospitals need so that we can ensure that we incorporate that into future legislation and budgets. 

8. Ensure equitable allocation of recovery funds. There is a growing body of evidence that recovery funding after crises actually widens pre-existing racial disparities. For example, researchers at Rice University and the University of Pittsburgh found that “whites accumulate more wealth after natural disasters while residents of color accumulate less.” Federal leadership will be required to ensure that recovery from the pandemic helps everyone hurt in the crisis in a fair and equitable way, with a special focus on populations that have historically been left out or left behind. Jurisdictions that receive funding should be required to develop and report on metrics for addressing potential racial disparities, and the SBA and Treasury should similarly track lending to ensure that minority business owners – who have traditionally faced unequal access to credit and capital – are not treated unfairly.  And, the Trump Administration should suspend their public charge rule. Allowing immigration officials to make an individual’s ability to receive a visa or gain permanent residency contingent on their use of government services such as SNAP benefits or Medicaid, their household income, and other discriminatory criteria not only undermines America’s character as land of opportunity that is open and welcoming to all, but also may stop immigrants from getting help during this pandemic and pose broader issues for public health.

9. Establish a CARES Act Implementation Office with responsibility for ensuring (a) people understand and can effectively access all the relief to which they are entitled; and (b) states have all the capacities they need to get the money out as fast as possible. The CARES Act is hundreds of pages long. Big businesses have armies of lawyers to help them figure it out. But many small businesses and families won’t know what’s available to them like: who qualifies for mortgage forbearance? What do small businesses need to qualify not just for loans but for loan forgiveness? Biden would establish a team that would put together a plain-language, comprehensive guide to the benefits in the bill and who they are meant for — and a strategy to communicate to the American people. The Office would set up both online- and telephone-based customer service to answer questions. It would work with community leaders across the country who are on the front lines of this crisis. And, Biden would dedicate staff to every single state as action officers to assist states in accessing the CARES Act funds and disbursing them efficiently. 

10. Start working on the Fourth Package now. We already know that more will have to be done; potentially a massive amount more. Biden wouldn’t wait. He would bring together the leaders of Congress to design a fourth package that accomplishes three things: (a) fixes things that aren’t working in CARES Act implementation and fills in gaps that become apparent; (b) takes care of the people the CARES Act left out; and (c) does whatever it takes, spends whatever it takes, to help the American people and the American economy emerge from the other side of this stronger. He would also make sure the new package automatically extends relief as long as is needed to support families and communities through this crisis. In addition to provisions mentioned above, Biden would ask Congress to include in new legislation:

Any further resources and authority required to break down barriers to implementation, whether on small business, or unemployment insurance, or short-time compensation.

Additional provisions to meet needs not fully covered in the CARES Act, including:

Additional funds for states. As this crisis unfolds, states are going to get crushed under the weight of falling revenues combined with far higher emergency financial burdens. Cops and firefighters and teachers are going to be at risk of losing pay. Biden would make sure the federal government provides the relief that communities on the front lines need to put their full resources behind the public health response without forcing painful and damaging cuts to public services, education, and public safety, and to deal with extraordinary economic circumstances like helping with missed rent and other payments for those facing significant hardship.

Cost-free treatment for COVID-19, regardless of immigration status.

Student debt forgiveness through the duration of the crisis, with a minimum of $10,000.

Boosts to Social Security by $200 per month for seniors and persons with disabilities.

Paid sick leave and paid family and medical leave for every worker, and making these benefits permanent.

An increase in SNAP benefits by 15 percent during the deepening recession, and temporarily provide low-income families with about $100 per month in extra nutritional support.

A rent freeze for qualifying individuals for the duration of the crisis

A halt to foreclosures and evictions as people get on their feet.

Key long-term investments, stronger public health systems, and automatic stabilizers so that in future crises the social safety net is there for Americans who need it.

Biden to Trump: Lift Sanctions on Iran to Combat COVID-19 Pandemic

Demonstrating once again a clear contrast between the failed leadership of a clueless Donald Trump, who only knows how to politicize, attack and destroy, Vice President Joe Biden is calling for the US to lift sanctions on Iran, which is undergoing one of the deadliest COVID-19 outbreaks in the world.(c) Karen Rubin/news-photos-features.com

Demonstrating once again a clear contrast between the failed leadership of a clueless Donald Trump, who only knows how to politicize, attack and destroy, Vice President Joe Biden is calling for the US to lift sanctions on Iran, which is undergoing one of the deadliest COVID-19 outbreaks in the world. “America should lead. We should be the first to offer help to people who are hurting or in danger… To stop this pandemic effectively, every country on earth will need to work together.” Here is Biden’s statement:  –Karen Rubin, news-photos-features.com.

In times of global crisis, America should lead. We should be the first to offer help to people who are hurting or in danger. That’s who we are. That’s who we’ve always been. And, in the midst of this deadly pandemic that respects no borders, the United States should take steps to offer what relief we can to those nations hardest hit by this virus — including Iran — even as we prioritize the health of the American people.

Iran is struggling to contain one of the deadliest COVID-19 outbreaks in the world. While the Iranian government has failed to respond effectively to this crisis, including lying and concealing the truth from its own people, and it continues to act provocatively in the region, the Iranian people are hurting desperately. It is bad enough that the Trump administration abandoned the Iran nuclear deal in favor of a “maximum pressure” strategy that has badly backfired, encouraging Iran to become even more aggressive and restart its nuclear program. It makes no sense, in a global health crisis, to compound that failure with cruelty by inhibiting access to needed humanitarian assistance. Whatever our profound differences with the Iranian government, we should support the Iranian people. 

There are already humanitarian exceptions in place for sanctions, but in practice, most governments and organizations are too concerned about running afoul of U.S. sanctions to offer assistance. As a result, our sanctions are limiting Iran’s access to medical supplies and needed equipment. The Trump Administration should take immediate steps to address this problem and streamline channels for banking and public health assistance from other countries in response to the health emergency in Iran. 

Specific steps should include: issuing broad licenses to pharmaceutical and medical device companies; creating a dedicated channel for international banks, transportation companies, insurers, and other service firms to help Iranians access life-saving medical treatment; issuing new sanctions guidance to these groups and international aid organizations to make it clear how they can immediately, directly, and legally respond to the tragedy in Iran, without fear of penalty; and, for entities already conducting enhanced due diligence, it should issue comfort letters to reassure them that they will not be subject to U.S. sanctions if they engage in humanitarian trade with Iran to support its COVID-19 response. The administration should also consider similar steps to ensure that U.S. sanctions do not inhibit live-saving medical assistance to other countries hard hit by the virus.

The administration’s offer of aid to Iran is insufficient if not backed by concrete steps to ensure the United States is not exacerbating this growing humanitarian crisis. Whatever our many, many disagreements with the Iranian government, it’s the right and the humane thing to do. And Iran also should make a humanitarian gesture and allow detained American citizens to return home.

To stop this pandemic effectively, every country on earth will need to work together. We must address COVID-19 outbreaks wherever they occur, because as long as this virus is spreading anywhere in the world, it is a danger to public health everywhere. Artificially limiting the flow of international humanitarian assistance to pursue a political point will not only allow the Iranian government to deflect responsibility for its own botched response, it will increase the threat this virus poses to the American people, now and in the future. 

On Equal Pay Day, Lilly Ledbetter Endorses Joe Biden for President

Lilly Ledbetter at the 2008 Democratic National Convention. On Equal Pay Day 2020, she endorsed Joe Biden for President of the United States. The fight continues. © Karen Rubin/news-photos-features.com.

Today, as the nation is too consumed with the coronavirus pandemic to mark Equal Pay Day, Lilly Ledbetter, for whom the Lilly Ledbetter Fair Pay Act was signed as Barack Obama’s first order of business as President upon taking office 2009, endorsed Joe Biden for President of the United States:

“This is the first time in more than 12 years that I am at home on Equal Pay Day. I’m usually in some part of the country with a huge crowd of women and men who are dedicated to closing the pay gap. Instead I am staying home, watching along with so many other people as the  current president shows Americans just how little he cares about working families.

“As Equal Pay Day reminds us, women are paid far less than men. This pandemic is only increasing the inequalities facing women in this country. As the majority of the health care workforce, women are on the frontlines of this crisis, at times putting their own health at risk or separating from their families, while taking care of our country’s sick and vulnerable. And, as this crisis forces women to work from home, work fewer hours, lose their jobs, many at the same time  are taking care of their families or trying to teach their kids at home. Yet they still face paycheck discrimination, just like I did so many years ago.

“I know Joe Biden. He understands what it’s like to be a single parent. And, he will fight for equal pay and working women, just as he always has. That’s why I am proud to endorse him to be our next president.”

Ledbetter won a historic gender pay discrimination case against her employer, Goodyear Tire and Rubbery Company, after she was paid less than her male counterparts simply because she was a woman. When the Supreme Court overturned the case, she took her fight to Congress and lobbied for a legislative fix. She is the namesake of the Lilly Ledbetter Fair Pay Act, the first piece of legislation signed into law during the Obama-Biden Administration.

Equal Pay Day symbolizes how far into 2020 the average woman has to work to make what the average white man made in 2019.For every dollar a man makes, the average woman makes 82 cents. For a woman who works full time, year round, that’s a gap of more than $10,000 annually and over $400,000 over a forty-year career. The pay gap is even wider for women of color.

The pay gap has significant impacts on American families and our economy overall. If women earned as much as men, the poverty rate for working single women and the children who live with them would be cut in half.

Biden for President has previously announced more than 2,500 endorsements from national, state, and local leaders, including current and former U.S. senators and representatives, governors, state elected officials, community leaders, and national security professionals.

Biden Poses 5 Questions Challenging Trump’s Handling of Coronavirus Pandemic

As Trump uses daily press briefings as political rallies to spin away his monumental failure to combat coronavirus and save lives, Democratic candidate for president Joe Biden is cut off from the ability to effectively campaign. Here he offers five questions that should be posed to Trump, that underscore the difference in leadership. © Karen Rubin/news-photos-features.com

As Trump uses daily press briefings as political rallies to spin away his monumental failure to combat coronavirus and save lives, Democratic candidate for president Joe Biden is cut off from the ability to effectively campaign. Here he offers five questions that should be posed to Trump, that underscore the difference in leadership. This is from the Biden campaign: -Karen Rubin/news-photos-features.com.


1.  Why did you tell governors pleading for help from the federal government that you “haven’t heard about testing being a problem” and that you haven’t “heard about testing in weeks” when many Americans are still unable to get tested for coronavirus and earlier testing delays allowed the virus to explode across the country?
 
In a call with governors today, according to the New York Times, Trump claimed that “I haven’t heard about testing being a problem” and that he hasn’t “heard about testing in weeks” — even though countless Americans are still unable to be tested for the coronavirus, fatally undercutting our response to this crisis?
 
Trump’s baseless claim comes just days after a bombshell report by the Times showed how his failure to quickly deploy an accurate coronavirus test resulted in a “lost month” that left America blind as it tried to combat the virus’ spread, and that his administration “squandered [America’s] best chance of containing the virus’s spread.”
 
 
2.  Why did you make the unfounded claim that first responders and health care workers in New York were stealing masks, and will you heed Vice President Biden’s challenge from last night to use the DPA within 48 hours to secure life-saving personal protective equipment?
 
In a bizarre rant yesterday, President Trump claimed, without evidence, that first responders and health care workers in New York were responsible for the theft or hoarding of huge numbers of masks. This unfounded claim was Trump’s latest attempt to avoid taking responsibility for his failure to get life-saving equipment to people on the front lines of the fight against the coronavirus.
 
In response, Vice President Biden called on Trump on Sunday night to finally use the Defense Production Act within 48 hours to secure enough of the badly-needed personal protective equipment to provide for every state and first responder who needs it.
 
 
3.  GOP State Attorneys General confirmed today that they will continue their lawsuit to roll back the Affordable Care Act and kick millions of Americans off their health insurance in the midst of a pandemic. Will you, as Vice President Biden has called for, withdraw your support for this effort?
 
The Daily Beast confirmed today that at least five Republican state Attorneys General plan to continue their lawsuit to overturn the ACA — threatening the health care of millions of Americans in the middle of a pandemic. 
 
Ten years ago, President Obama signed the Affordable Care Act into law, expanding access to quality, affordable health care for millions of Americans. But instead of standing up for Americans’ health care, Donald Trump continues to lead fellow Republicans in efforts to do away with the law and the critical protections it put in place.
 
20 million Americans have received health insurance through the ACA, and it’s given better care and peace of mind to countless others — that’s why Vice President Biden sent a letter to President Trump and Republican leaders demanding that they drop their efforts to jeopardize Americans’ health care.
 
 
4.  Why did you claim again this morning on Fox News that New York already has “more than enough” ventilators and say, without evidence, that they’re being misused? And, why did it take you so long to head the pleas of governors and health care workers to use the DPA to secure more ventilators after wasting months?
 
During an interview this morning on Fox News, Trump again downplayed the critical ventilator shortage in New York, saying “[they] should be fine, based on the numbers that we see. They should have more than enough.” And that, “I’m hearing stories that they’re not used, or not used right.” This comes after Trump similarly downplayed the ventilator shortage during an interview with Sean Hannity last week.
 
Across the country, experts and health care workers on the front lines are sounding the alarm about a critical shortage of life-saving ventilators and personal protective equipment, but Donald Trump has been slow and erratic at every step of the way.
 
Trump’s months of downplaying the looming threat of coronavirus cost us precious weeks where ventilator production could have been ramped up. And, Trump’s decision to bow to corporate lobbying instead of quickly invoking the Defense Production Act has slowed and complicated efforts to get ventilators to patients whose lives depend on access to them.
 
 
5.  Why did your administration ignore existing Obama-Biden Administration plans to combat pandemics and why did you take actions that reduced our preparedness for challenges like the coronavirus?
 
POLITICO reports that the Trump administration tossed out an existing “pandemic playbook” from the National Security Council that laid out, in detail, steps to take in the face of a public health emergency like this.
 
As a result, key problems that the playbook planned for — like the current logistical challenges plaguing our health care system — went unaddressed, slowing down our response.
 
This is only one in a string of missteps by the Trump administration that left the United States unprepared and vulnerable to a future pandemic. Key positions across the government have been left unfilled, or occupied by unqualified political cronies. Similarly, CDC staff in China was slashed on Trump’s watch, removing important eyes and ears on the ground that could have given us critical early notice of the coronavirus’ spread.

Biden, in Harsh Critique of Trump Administration, Offers Own Plan for Combating Coronavirus Pandemic

Vice President Joe Biden offers his own plan to combat the coronavirus pandemic: “We need immediate action –on testing, on research for treatments and vaccines, on leading a global response to beat the virus everywhere.” © Karen Rubin/news-photos-features.com 

It is stunning that Grim Reaper McConnell, who held up the first House coronavirus stimulus bill for days, is now attacking Senate Democrats for refusing to rubberstamp a $2 trillion giveaway to corporate insiders and CEOs, raising the alarm (get this) that waiting until noon would mean a whole morning of Wall Street sinking further. A morning in exchange for the health and well being of Americans and the economy. The idea that Treasury Secretary Mnuchin, who made a bundle on the misery of the 2008 Bush Great Recession using just these same tactics, will personally decide what companies get bailed out is absurd – and a clear clue is that they want to keep secret who they are handing money to for 6 months.

Senator Elizabeth Warren and the Democrats have a better plan for immediate relief to Americans who will be most harmed financially now and perhaps for the rest of their lives: erase student debt, use the mechanisms you already have: expand unemployment insurance, disability, social security. Instead of simply incentivizing companies to not do anything and still collect up to $10 million in loans that would be forgiven (Mnuchin will choose who gets what), purchase goods and services needed now; evoke the war powers to require factories to reconfigure to produce vitally needed medical equipment and put in purchase orders for future production, say electric cars, long-life batteries, solar panels, wind turbines, and especially medical supplies which will give the companies the needed cash flow to get through. Then test everyone to determine who is already immune and can return to work, rather than lock people in for six months, nine months, until the hypothetical “herd immunization” number is reached.  

At this point, projections call for 40 to 80 percent of people to become infected, and deaths from one million to two million. Trump and his Keystone Cops administration of corrupt, inept thugs have no clue how to keep the numbers down to a minimum, and keep people and the economy healthy. Vice President Joe Biden, running for president, offered his own criticism and plan in a speech – Karen Rubin, News & Photo Features

Remarks as Prepared for Delivery by Vice President Joe Biden on Combating Coronavirus (COVID-19)

Good morning. 
 
I hope you and your family are doing well in these difficult, anxious, and confusing times. 
 
Like all families, the Biden family is adjusting to new ways: less time together, more worrying about friends and relatives, concern about those isolated – or suffering – due to the coronavirus. 
 
As Americans, we may be physically apart, but we are truly all in this together.
 
And let me say something right up front: When we have stood as one, this nation has never been defeated. And we are not going to be defeated now.
 
The pandemic of 1918. The Great Depression. Two World Wars. 9/11.
 
We overcame them all.
 
And out of each crisis – we emerged stronger.
 
And we will again.
 
This new enemy may be unseen – but we have the tools, the expertise, and, most important, the will and the spirit to defeat it.
 
But we need to move – and we need to move fast.
 
It matters for the public health. And it matters for our economy.
 
Later today, you will hear from the President in his daily briefing.
 
These briefings are an important opportunity to inform and reassure the American people
 
They’re not a place for political attacks. Or to lash out at the press.
 
They’re about the American people.
 
So I hope today and in the days ahead, the president will give us the unvarnished truth. That’s what the American people need and deserve.
 
I hope he lets medical experts and FEMA leaders and others carrying out the work take center stage so we can hear directly from them.
 
And I hope we hear less talk and see more evidence of fast action.
 
My principal focus today – and every day – will be on what we should do to get this response fixed, to save lives, and to provide economic assistance to the tens of millions of Americans who need it now – and who will need it in the weeks and months ahead.
 
It starts with adopting a mindset of real urgency.
 
For too long, the warning signs were ignored.
 
For too long the Administration said the threat was “under control,” “contained,” like a “flu.” The president says no one saw this coming. That’s just not true.
 
Our own intelligence officials were warning of the coronavirus threat in January.
 
Just based on public information, I warned that this threat would get worse way back on January 27, and urged the need to put science first, draw on emergency funds to get the response started, and think about invoking disaster powers to respond.
 
Many of us talked about the need to get U.S. scientists on the ground in China to see first-hand what was happening, rather than relying solely on China.
 
My point is not simply that the president was wrong.
 
My point is that the mindset that was slow to recognize the problem and treat it with the seriousness it deserves, is still too much a part of how the president is addressing the problem.
 
South Korea detected their first case of coronavirus on the same day that we did. 
 
But they had tests and a sophisticated tracing program to stop the spread of the virus,
so they didn’t have to put the country on lockdown. 
 
We had none of that. 
 
So we are left with only the extreme social distancing measures currently in place. 
 
That’s a failure of planning and preparation by this White House.
 
Today, months later, Americans who need to be tested still have no access to tests
in many parts of the country. And in many places, our health care system teeters on the brink of collapse. 
 
Hospital beds are filling. Doctors and nurses are already running out of critical equipment.
 
The federal government needs to coordinate getting medical supplies out to every corner of our country so we don’t have governors competing against one another.  
 
As late as yesterday, we are being told that the president still has not activated his authority under the Defense Production Act to direct American manufacturers to make essential supplies.
 
Trump keeps saying he’s a wartime president— well, then, he should act like one.
 
To paraphrase a frustrated President Lincoln writing to an inactive General McLellan during the Civil War: “If you don’t want to use the army, may I borrow it?”
 
We need to get in motion today what should have been set in motion weeks ago.
 
Any public health expert will tell you that in a crisis like this you can’t move too fast – you can only move too slow.
 
Let me be clear: Donald Trump is not to blame for the coronavirus. But he does bear responsibility for our response.
 
And I, along with every American, hope he steps up and starts to get this right.
 
This isn’t about politics.
 
There is simply too much at stake – too many lives, too many livelihoods, too many homes and families and businesses and communities at risk.
 
I’ve laid out a very detailed, in-depth plan for what we should do. You can read it all on JoeBiden.com
 
We need immediate action –on testing, on research for treatments and vaccines, on leading a global response to beat the virus everywhere.  
 
But today, I want to focus on just four key areas for action.
 
First, the President must take immediate steps to increase the capacity of our health care system to treat the sickest coronavirus patients, safely. 
 
I’m glad the president has finally activated the National Guard.

Now we need the Armed Forces and the National Guard to help with hospital capacity, supplies, and logistics. 

We need to activate a reserve corps of doctors and nurses to beef up the number of responders dealing with this crush of cases, and allow doctors and nurses trained abroad, not currently at work in the U.S., to temporarily work alongside our overburdened health care providers.
 
Second, the President must use the Defense Production Act to radically increase the supply of critical goods needed to treat patients and protect our health care workers and first responders, including protective gear like face masks, and critical equipment like ventilators so desperately needed in our hospitals. 
  
It means working with our allies and partners to get supplies from overseas when available, and dispatching U.S. military assets to retrieve them quickly. 
 
It means federal coordination of the supply chain to accelerate deliveries and get them to the right places. And much more.
 
We are the nation that built the arsenal of democracy in the 1940s. We can make personal protective equipment for health care workers in 2020.
 
Third, the President needs to end the infighting and bickering in his own administration, listen to the scientists, and provide clear guidance. 
 
The American people are not getting clear leadership, clear action, or clear accountability.
 
Management matters in a crisis. I’ve been there in the Situation Room. There are thousands of steps that need to be taken, all at once. 
 
You need to be planning not just for today and tomorrow, but for the day after.  
 
Is this White House actively planning for what it will take for America to begin to return to something resembling normal life?  
 
Just waiting and seeing isn’t going to cut it.
 
What are the conditions required? What capacities should be in place? What protections and protocols do we need to ensure the virus doesn’t simply start spreading again?  
 
They need to start planning now, so the current measures stay in place for as long as they are needed, but not longer.  
 

And fourth, the President needs to set the right priorities for our economic response. 
 
Our guiding principle must be to keep everyone paid through this crisis.
 
We should be doing everything in our power to keep workers on payrolls, make small businesses healthy, and help the economy come out the other side strong.

The Federal Government should provide the resources to make that happen, while still protecting the American taxpayer.
 
Unfortunately, as of last night, President Trump and Mitch McConnell were offering a plan that let big corporations off the hook. They proposed a $500 billion slush fund for corporations, with almost no conditions.

Under their plan, the Trump Administration could even allow companies to use taxpayers’ money for stock buybacks and executive pay packages.
 
They wouldn’t have to make commitments to keep workers employed.
 
They wouldn’t even have to tell Americans where the money goes for months. 
 
Today, there are active efforts to fix this bill so it focuses on workers and families and small businesses rather than no-strings corporate bailouts.
 
Here’s my bottom line: Millions of small businesses, like the family-run restaurant that is trying to stay open and pay its workers – they should get the funds they need.
 
Big companies will need help, too — but no blank checks.

 
If corporations take money from taxpayers, they have to make a commitment that they will keep workers on payroll.
 
The worker who is seeing their wages slashed — they need to be made whole. 
 
Those who do lose jobs – they need strong, sustained, unemployment benefits, whether they are a gig worker or a full-time employee. 
 
The family that will go hungry tonight – they need food on the table. 
 
Social Security checks need to be boosted.
 
Student debt should be forgiven. 
 

Cash relief needs to go out fast to all of the people who need it the most. 
 
We can act quickly and together. 
 
We can put the politics aside to meet this moment, like Governors all across the nation.
 
Mike Dewine in Ohio, Larry Hogan in Maryland, Charlie Baker in Massachusetts.
 
Gavin Newsom in California, Jay Inslee in Washington, Gretchen Witmer in Michigan.
 
New York Governor Andrew Cuomo’s briefings are a lesson in leadership.
 
Republicans and Democrats — all are rising to the moment, putting aside politics to do what needs to be done. 
 
But they all are looking to the federal government for more help.
 
Finally, it’s worth noting that today is the 10th anniversary of the signing of the Affordable Care Act. I’m proud of the role I played, alongside President Obama, in bringing Obamacare into law. And I’m proud of its record of achievement. 
 
But also today, in the middle of one of the biggest public health emergencies in generations, the White House and Republican attorneys general are actively pursuing a lawsuit to invalidate the ACA in court. 
 
They are working to strip millions of Americans of their health care and tens of millions of their protections for pre-existing conditions.  

 
I sent them a letter this morning, with a simple request: Withdraw this lawsuit. End this effort to take away people’s health care. 

This is not the moment to add additional uncertainty and fear in this nation or to let politics trump doing what is right. Give Americans peace of mind.
 
In a crisis, character is revealed — and each day we are seeing the courage and heart of Americans shine through.  
 
Our military, our first responders, our doctors, nurses and health care workers, of course. 
 
But also those who we don’t think about as much: the grocery store workers; the mail and package carriers; the workers manufacturing the gear we need, keeping delivery trucks on the road, cooking meals to deliver, and tending our elderly loved ones; the journalists who keep us up to date and hold leaders accountable; the government officials working on this problem, and so many more.
 
They are putting it all on the line for us. We need to give them all the help they need now. And we need to be sure we never forget what they’ve done.
 
Let me close with this thought: Deep in the heart of every American, there burns a flame. It’s an inheritance from every generation of Americans that has come before us. It’s why we have overcome every crisis we have ever faced before. It’s what makes this nation special and why we stand apart.
 
That flame is not going to be extinguished in this moment.
 
If our leadership does its part, the American people will do their part.
 
Because here’s the simple truth: The American people have never, ever let this country down.
 
So, we need to get moving, and moving fast. 

This is the United States of America, and there’s not a single thing we can’t do — if we do it together. Thank you.

Biden Marks International Women’s Day Reviewing Record for Promoting Gender Equality

On International Women’s Day, Vice President Joe Biden released a fact sheet detailing his record of working to advance gender equality at home and around the world, both as a Senator, notably championing the Violence Against Women Act (which Republicans have refused to renew) and as part of the Obama Administration which, as Obama’s first act, signed the Lilly Ledbetter Fair Pay Act and promoted Obamacare which ended the hardship of being a woman counting as a “pre-existing condition”. © Karen Rubin/news-photos-features.com

On International Women’s Day, Vice President Joe Biden, running for president, released a fact sheet detailing his record of working to advance gender equality at home and around the world, both as a Senator, notably championing the Violence Against Women Act (which Republicans have refused to renew) and as part of the Obama Administration which, as Obama’s first act, signed the Lilly Ledbetter Fair Pay Act and promoted Obamacare which ended the hardship of being a woman counting as a “pre-existing condition”. This is from the Biden campaign:

Joe Biden has a long track record of working to advance gender equality at home and around the world. As a Senator, Biden introduced the International Violence Against Women Act (IVAWA), which provided a framework for the United States to address gender-based violence globally. Though IVAWA never became law, the Obama-Biden administration used executive action to implement much of the bill and its comprehensive approach to gender-based violence.
 
The Obama-Biden Administration promoted the health, safety, and empowerment of women and girls around the world because it was both the right thing to do and the smart thing to do. Women’s full participation in all spheres of society is fundamental to achieving global peace, development, and prosperity.  Twenty-five years ago this principle was agreed to by 189 countries in the Beijing Declaration, which set forth a platform for action to advance women’s rights globally. Unfortunately, today, as a result of the disastrous policies of the Trump Administration, women’s rights and their opportunities for full economic and political participation are under assault. 
 
Trump’s decision to reinstate and expand the global gag rule has had devastating effects on the health and well-being of women around the world, with fewer organizations providing critical healthcare; and his implementation of this rule here in the United States has cut funds to over 900 women’s health clinics that primarily serve women of color. Trump Administration policies have sought to cut funds for global efforts to improve child and maternal health and to halt the spread of HIV/AIDS. His Administration’s cruel immigration policies have rejected asylum claims for women fleeing horrific gender-based violence and made it much more difficult for foreign women and girls who were trafficked into the United States to obtain visas and receive the medical and social services they need to recover. He has watered down and threatened to veto UN Security Council resolutions that address sexual violence in conflict, making it far more difficult for the international community to hold the perpetrators of such violence accountable and ensure survivors have access to the health and support services they need.
 
As President, Joe Biden will restore America’s leading role as a champion for women and girls around the world and return to a government-wide focus of uplifting the rights of women and girls at home and around the world. He will do so by: 
 
Confronting Gender-Based Violence Globally. The scourge of violence against women affects global communities: An estimated 1 in 3 women are subject to physical violence, rape, or stalking by a partner at some point in their lives, with closer to 70% of women affected in some countries. Gender-based violence has profound economic costs for societies. It is a barrier to girls’ education, and inhibits women’s full participation in politics and the economy, holding back entire communities and countries.
 
As president, Joe Biden will expand his Violence Against Women Act of 1994 to the global landscape and restore U.S. leadership internationally by championing the fundamental human right that all women should live free from violence—a future the Violence Against Women Act helped make possible in the United States. President Biden will rescind the Mexico City Policy that President Trump reinstated and restore U.S. funding to the United Nations Population Fund, which advances child and maternal health, and works to end female genital mutilation and cuttingearly and forced marriage, and other practices detrimental to the well-being of women and girls. The Biden Administration will launch multi-sectoral efforts to confront gender-based violence globally, beginning in Central America, where women face some of the highest rates of femicide (the murder of women because of their gender) in the world. Biden will spearhead a comprehensive effort that places diplomatic pressure on governments to train law enforcement to root out the corruption that enables gender-based violence and teaches authorities to effectively investigate and prosecute these crimes. Moreover, he will ensure that women and girls fleeing gender-based violence are given the opportunity they deserve to seek asylum in the United States.
 
Elevating Women Economically. The Biden Administration will invest in women as economic catalysts for growth and development around the world, because we know that when we grow incomes and opportunity for women, entire communities, economies, and countries benefit.We forgo trillions of dollars in wealth globally because women aren’t fully empowered and employed, and that has negative consequences for the well-being of families and entire communities, because women invest a particularly large share of their income in the education and health of their families.  Alarmingly, women’s global economic participation and opportunity actually declined in the last year. Given the trends, it will take 257 years to achieve gender parity. Leaving one-half of the world’s population behind inhibits peace, prosperity, and security at home and abroad, and we must tackle the multifaceted barriers hindering the economic advancement of women and girls. We cannot help half the world’s population advance meaningfully without also addressing gender-limiting laws, policies, and norms, and we can’t do it alone, without working with other countries. 
 
Joe Biden will invest in critical areas to advance the status of women, and close gaps between the economic well-being of men and women, and boys and girls around the world. Specifically, the Biden Administration will increase access to education as a driver of empowerment and accumulation of wealth. Additionally, President Biden will focus on enhancing financially inclusive banking and increasing women’s access to capital, so that women have the resources they need to start and expand businesses. And President Biden will work with partners in countries and multilateral organizations to systematically tackle and eliminate legal and attitudinal barriers to equity and inclusion. . More broadly, Biden Administration efforts to advance development globally will pay particular attention to the often unique challenges faced by underrepresented communities around the world, including indigenous women, Afro-Latina women, and women in the LGBTQ community. The goal will be equality.
 
Promoting Women’s Contributions to Peace and Security. For 20 years, the international community has recognized the critical contributions women make to advancing peace and security, whether it’s recognizing the first signs of violent conflict in their communities, or helping to forge more durable peace agreements in the wake of conflicts. Yet women continue to be excluded from conflict resolution and peacebuilding.
 
President Biden will ensure that efforts to build a more peaceful and secure world include the talents of everyone, including women. In countries affected by war, terrorism, and insecurity, a Biden Administration will protect and advance women’s inclusion in decision-making roles, from negotiators to parliamentarians, from security actors to peaceful protestors. He will ensure full implementation of the United States’ 2017 law — based on the groundbreaking Obama-Biden Administration National Action Plan on Women, Peace, and Security — recognizing the security benefits of women’s participation. As president, Biden will revive the United States’ commitment to refugees and displaced persons, raising our refugee target to admit 125,000 annually to start, and he will require that programs supporting refugees recognize and address the specific challenges women and girls face, from targeted violence and trafficking to unequal access to basic services. He will champion multilateral efforts to end sexual violence in conflict in the UN Security Council and to hold perpetrators of such violence accountable, starting with ISIS. The Biden Administration will provide financial assistance and training for local and international efforts to document cases of ISIS-perpetrated sexual violence, urge the Iraqi government to prosecute ISIS prisoners for gender-based violence crimes, and support peacebuilding efforts in Iraq and elsewhere that promote women’s inclusion.To ensure all civilians are better protected in times of crisis, President Biden will work with the United Nations to improve peacekeeper performance and accountability, including by supporting the UN’s efforts to ensure peacekeepers are trained to prevent conflict-related sexual violence and are held accountable if they perpetrate sexual exploitation and abuse. 
 
Supporting Women’s Leadership Globally. Women’s political and civic leadership promotes equality and stability. When women are represented in parliaments, their participation is associated with a decreased risk of civil war and fewer human rights abuses. Around the world, women are more likely to advocate for policies on issues like education and health, which promote the well-being of everyone. Yet, only 4 out of 193 countries have at least 50 percent women in the national legislature. A Biden Administration will amplify and elevate the voices of authentic, local women leaders globally, creating an initiative to strengthen the influence of women-led civil society organizations in advancing women’s and girls’ well-being; combating gender-based violence; and promoting peace, security, and prosperity. Furthermore, recognizing the benefits to equality and stability when women are represented in political office, the Biden administration will break down barriers to women’s political empowerment, supporting civic education and leadership development for women and girls around the world.
 
Pursue Ratification for the U.N. Convention on the Elimination of all forms of Discrimination Against Women (CEDAW). For nearly 40 years, CEDAW has been the most important international vehicle for advancing gender equality. It is simply embarrassing that the United States has not ratified the convention. We are in the company of some of the most oppressive countries in the world, including Iran, Sudan, and Somalia. From the very beginning, the Obama-Biden Administration made ratifying this U.N. convention a priority. As president, Biden will continue to push the Senate to ratify this important treaty, so that we can better advance the rights of women and girls here at home and around the world.
 
Ensuring Gender Parity and Diversity in National Security Appointments. To keep our nation safe and effectively advance our national security interests, our government needs the best possible team of national security professionals. That means developing senior leadership teams that are diverse, by elevating more women into senior national security positions and ensuring that women of color are well represented in senior ranks. Women are underrepresented in our national security establishment, and throughout the federal government their levels of representation are decreasing4 of the 23 positions in Trump’s Cabinet are currently held by women. Joe Biden has pledged that, as president, he will “strive for gender parity in senior national security and foreign policy appointments.” 

Democratic Race for 2020: Warren Plan to Stop Wall Street from Financing the Climate Crisis

Senator Elizabeth Warren, running for president, has just released a plan to stop Wall Street from financing the climate crisis © Karen Rubin/news-photos-features.com
 

Capitalists are actually much more responsive to the public will than lawmakers – which may not be saying much. But as the United Nations Climate Summit demonstrated, corporations and the financial institutions that fund them are becoming more conscious of climate change. Even former Treasury Secretary Henry Paulson has become an advocate for climate action. More investors are factoring in the cost of climate disasters as well as the change to agriculture, human productivity and health, availability of resources including potable water. Still, corporations that are wedded to the status quo and an economy and society oriented around fossil fuels and intense carbon emissions, that don’t respect air and water quality, need a nudge. Senator Elizabeth Warren, running for president, has just released a plan to stop Wall Street from financing the climate crisis.

Climate change poses a systemic risk to the health and stability of our financial system,” Senator Warren stated. “And yet, Wall Street is refusing to listen, let alone take real action. My plan to Stop Wall Street From Financing the Climate Crisis is just the first step to ensuring our financial system is ensured against the worst effects of climate change and Wall Street stops financing the climate crisis.

This is from the Warren campaign:

Charlestown, MA – Senator Elizabeth Warren released her plan to stop Wall Street from financing the climate crisis. Elizabeth’s plan will limit and manage the risk that climate change poses to our economy by reining in Wall Street and ensuring our banks, asset managers, and insurers pay the true cost of climate change, instead of passing it on to millions of Americans. 
 
Elizabeth rang the alarm in the lead up to the 2008 financial crisis. She is sounding the alarm on Wall Street once again as we face the existential threat of our time: climate change.  It’s clear that our entire financial system is in major danger from the climate crisis. And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis. 

As President, Elizabeth Warren will:

Direct the Federal Reserve to invoke its authority under Section 165 of Dodd-Frank to impose “enhanced prudential standards” –– things like higher capital standards, or tougher stress testing –– on large financial institutions based on their exposure to climate-related risks.
 

Treat climate change as the systemic risk to our financial system that it is and use existing financial regulations to push the Financial Stability Oversight Council (FSOC) to carefully examine the risks posed by climate change and use its authority to designate financial institutions as “systemically important” if appropriate.
 

Go beyond her Climate Risk Disclosure Plan by strengthening SEC rules that govern the climate change expertise in the composition of boards of directors, as well as in shareholder representation and disclosure in proxy voting. 
 

Elizabeth will also require U.S. banks to report annually how much fossil fuel equity and debt is created, and/or held as assets, with respect to all fossil fuel extraction and infrastructure.
 

Fight for pensions by pushing the Securities and Exchange Commission and Department of Labor –– the two government bodies charged with regulating pensions –– to declare carbon-intensive investments not consistent with a fund manager’s fiduciary duty to its clients.
 

Hold insurance companies accountable for the risk they’re spreading through the financial system — and through vulnerable communities — by working with Congress to make large insurance companies doing business in the U.S. disclose the size of the premiums they’re deriving from coal, oil and gas projects, associated infrastructure, and companies. 
 

Elizabeth will also investigate insurers who talk out of both sides of their mouth when they deny coverage to policyholders under the guise of too much climate risk, while simultaneously insuring fossil fuel projects.
 

Transition us away from Donald Trump’s climate-denying administration at a speed unmatched by any transition in modern history. As part of that transition, she will announce her choices for Cabinet, including a Treasury Secretary who understands the financial risks of the climate crisis, by December 1, 2020. And she will staff all senior and mid-level White House positions, like financial regulators, by Inauguration Day.
 

Work with international allies by:
 

Advocating for the Federal Reserve to join the global coalition of central banks known as the Network on Greening the Financial System
 

Requiring implementation of the Paris Climate accord and the elimination of fossil fuel subsidies as preconditions for any trade agreement. 
 

Dedicating $100 billion to helping other countries purchase and deploy American-made clean energy technology that is manufactured right here at home under the Green Marshall Plan.
 

Ending all American support for international oil and gas projects through the Export-Import Bank and the Overseas Private Investment Corporation. 
 

Committing to using America’s voting power in the World Bank and other global financial institutions to cut off investment in fossil fuel projects and to direct that investment into clean energy projects instead.

Read the plan here and below: 
 
Stop Wall Street from Financing the Climate Crisis 
 
I’ve spent most of my career getting to the bottom of what’s happening to working families in America. And when I saw the seeds of the 2008 financial crisis growing, I rang the alarm as loud as I could. But the people with the power to stop the crisis didn’t listen — not enough of them anyway. Not the banks, not Alan Greenspan or other federal regulators, not Congress. And when the financial crisis hit in 2008, working families lost it all while the big banks that broke the economy got a fat taxpayer bailout. 
 
And once again, as we face the existential threat of our time –– climate change –– Wall Street is refusing to listen, let alone take real action. 
 
Climate change threatens our financial system in two ways. First, it poses a physical risk to property as climate-fueled extreme weather events — floods, hurricanes, wildfires — become more and more frequent. Second, it poses transition risks to our economy: investments in the fossil fuel industry may abruptly lose value as we transition to a clean economy, posing risks of financial crisis and destabilization. If we remain on a pathway to 2°C of warming (right now we’re on track for roughly 3°C of warming), the costs to the financial system could reach as much as $69 trillion by 2100. Other estimates put the global economic losses caused by climate change at $23 trillion –– still roughly three or four times the scale of the 2008 crisis.
 
It’s clear that our entire financial system is in major danger from the climate crisis. And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis. In fact, many of the largest banks and asset managers have actually increased their holdings of fossil fuel assets since the Paris Agreement was signed. And in the two years immediately after the Paris Agreement was adopted, the six largest U.S. bank investors in fossil fuels companies loaned, underwrote, or otherwise financed over $700 billion for fossil fuel companies. Wall Street banks are making a quick buck accelerating climate change, all while communities across the country are suffering from the lasting impacts of industrial pollution and the increasingly devastating effects of climate change. 
 
There has been some movement by big financial firms. A recently leaked report from J.P. Morgan — the world’s largest financial backer of fossil fuel companies — stated that the climate crisis could lead to “catastrophic outcomes where human life as we know it is threatened.” Late last year, Goldman Sachs announced that it will spend $750 billion over ten years on sustainable finance projects, restrict financing to all new oil production and exploration in the Arctic, and impose stricter lending requirements for coal companies. And in a letter to investors earlier this year, Blackrock –– the world’s largest asset manager –– announced that it will exit investments with high environmental risk, like thermal coal, and launch new investment products that screen for fossil fuels. While these actions are a small step in the right direction, they are long overdue given the relative impact the financial industry has had on the climate crisis — and they’re not enough to protect us from a climate-fueled financial collapse, either. 
 
We will not defeat the climate crisis if we have to wait for the financial industry to self-regulate or come forward with piecemeal voluntary commitments. Winning a Green New Deal and achieving 100% clean energy for our global economy –– or enacting any of my 13 plans to defeat the climate crisis –– will be near impossible so long as large financial institutions are allowed to freely underwrite investments in dirty fossil fuels. 
 
This ends when I am president. A Warren administration will act decisively and swiftly to manage the risk that climate change poses to our economy by reining in Wall Street and ensuring our banks, asset managers, and insurers pay the true cost of climate change instead of passing it on to millions of Americans. We can make the financial system work for good as we transition to 100% clean energy, but first, we have to change the way Wall Street is currently doing business. 
 
Use existing financial regulations to tackle climate change because it is a systemic risk to our financial system
 
Foreign financial regulators understand that the climate crisis poses serious risks to the financial system. European regulators are warning of a “green swan” event that could trigger a climate change-driven financial crisis. The Governor of the Bank of England, Mark Carney, and the Governor of the Banque de France, François Villeroy warned that climate change poses a “catastrophic effect” to the global economy that could lead to “a sudden collapse in asset prices” similar to the to the 2008 financial crisis, and has urged central banks, such as the Federal Reserve Board, to play a much larger role in tackling the crisis. 
 
I am sounding the alarm on Wall Street once again –– just as I did in the lead up to the 2008 financial crash. 
 
The Dodd–Frank Wall Street Reform and Consumer Protection Act was our country’s response to the 2008 crisis. It included tools that our federal regulators could use to protect the safety and soundness of our financial system. Regulators should use those tools now to address the systemic risk that climate change poses.
 
Specifically, the Financial Stability Oversight Council (FSOC) –– a body created by Dodd-Frank to bring together heads of financial regulatory agencies to assess threats across jurisdictions and markets –– should carefully examine the risks posed by climate change and use its authority to designate financial institutions as “systemically important” if appropriate. And the Federal Reserve should invoke its authority under Section 165 of Dodd-Frank to impose “enhanced prudential standards” –– things like higher capital standards and margin requirement, or tougher stress testing –– on large financial institutions based on their climate-related risks.
 
By using the authorities Congress has already given them, federal regulators can mitigate the climate-related risk in our financial system and help accelerate the transition towards a clean energy economy.
 
Increase corporate accountability through the Securities & Exchange Commission
 
Publicly traded companies, including big banks, have an obligation to share important information about their business. But right now, these companies don’t share much about how climate change might affect their business, their customers, and their investors. 
 
That’s a problem in two ways. First, there are a lot of companies that could be badly hurt by the likely environmental effects of climate change, and their financial implications such as stranded assets, and supply-chain risk. We’ve already seen how record storms, flooding, and wildfires can cause billions of dollars in damage. Second, global efforts to combat climate change will have an enormous impact on certain types of companies, particularly those in the energy sector. The Task Force on Climate-related Financial Disclosures found that reductions in greenhouse gas emissions and increasingly affordable deployment of clean energy technology could have “significant, near-term financial implications” for Big Oil and fossil fuel companies.
 
My Climate Risk Disclosure plan addresses these problems by requiring companies to publicly disclose both of these types of climate-related risks. It directs the Securities and Exchange Commission (SEC) to issue rules that make every public company disclose detailed information, including the likely effect on the company if climate change continues at its current pace and the likely effect on the company if the world successfully restricts greenhouse gas emissions to meet the targets of the Paris Agreement. My plan also requires the SEC to tailor these disclosure requirements for specific industries so that, for instance, fossil fuel companies will have to make even more detailed disclosures.
 
But disclosure is just the first step. There is more the SEC can do to ensure companies are more accurately accounting for climate risk, which is why a Warren administration will go further by strengthening SEC rules that govern the climate change expertise in the composition of boards of directors, as well as in shareholder representation and disclosure in proxy voting. My administration will also require U.S. banks to report annually how much fossil fuel equity and debt is created, and/or held as assets, with respect to all fossil fuel extraction and infrastructure. And a Warren administration will work with the SEC Office of Credit Ratings to direct credit rating agencies to impose process standards — like climate due diligences — that incorporate the physical and financial risks that climate change presents to securities and other financial assets, as well as to the companies that issue them.
 
Protect Pensions 
 
For the millions of public school teachers, firefighters, police officers, and other state and federal public employees who spend their careers in service to our government, pension funds provide a shot at a decent retirement. Most simply, pensions are deferred wages for our public employees. And yet today, our pension systems are failing our public employees. That’s in part because they are invested in fossil fuels –– leaving all the risk of fossil fuel investments in hard working Americans’ retirement accounts. 
 
One recent analysis found that pension funds would be significantly more successful without risky fossil investments. California’s $238 billion state teachers retirement fund CalSTRS –– which serves nearly a million public school teachers –– would have earned an additional $5.5 billion over ten years without its fossil fuel investments. And Colorado’s state pension fund PERA –– which serves 600,000 current and former teachers, state troopers, corrections officers, and other public employees –– would have earned almost $2 billion more in value. This matters for hard-working pension-holders: investments in fossil fuels over the last 10 years have lost many of California’s public school teachers $5,572 each, and cost many of Colorado’s public employees $2,900 each. And yet, despite calls from environmentalists to divest from fossil fuels, in January of this year CalSTRS rejected divestment, claiming it would have a “lasting negative impact on the health of the fund.” 
 
As president, I will fight for every person’s pension, because every American deserves the right to retire with dignity after spending their career in service of our local, state and federal government. A Warren administration would explicitly state policy preferences for limiting climate risk, beginning with divestment from fossil fuels and prioritizing investments in environmental, social and governance (ESG) options. And I would go further by pushing the Securities and Exchange Commission and Department of Labor –– the two government bodies charged with regulating pensions –– to declare carbon-intensive investments not consistent with a fund manager’s fiduciary duty to its clients.
 
And, as a matter of justice, we should tighten bankruptcy laws to prevent coal and other fossil fuel companies from evading their responsibility to their workers and to the communities that they have helped to pollute. In the Senate, I have fought to improve the standing of coal worker pensions and benefits in bankruptcy –– and as president, I will work with Congress to pass legislation to make these changes a reality. 
 
Ensure insurers accurately price climate risk 
 
Insurers are the financial intermediaries most directly exposed to climate change’s risks because their core business requires them to underwrite damages on physical property. As the climate crisis accelerates the size and scale of disasters, the models that insurers have long relied on are increasingly unpredictable, generating unprecedented losses. In 2017 and 2018 alone, insurance companies paid out an estimated $219 billion in natural disaster-related claims –– the highest for any two-year period in history. One California-based insurer filed for bankruptcy after it couldn’t pay out the millions it owed policyholders whose homes had been destroyed in California’s Camp Fire.
 
But despite insurance companies knowing the size of the climate risk — they literally write it into their risk models — still they fan the flames of the climate crisis by underwriting the fossil fuel companies behind the crisis. Large insurers had over $500 billion in fossil fuel-related investments as of 2016. And of the combined $15 trillion in assets managed by the world’s 80 largest insurers, an average of only one percent is allocated to low-carbon investments. If insurers stopped providing insurance for coal-fired power plants it would be nearly impossible to secure financing for new power plants.
 
Instead of halting the effects of climate change, insurers are passing on the high prices to consumers — or foregoing offering protection to vulnerable Americans altogether. In some places, insurance companies are pulling out of areas entirely, leaving consumers exposed. For example, the number of new and renewed homeowners’ insurance policies fell by 8,700 in California counties at greatest risk for wildfires. But some insurance providers will still write policies in vulnerable areas, ratcheting up the monthly prices consumers pay to counterbalance their increased risk. Premiums rose in every single state in the nation over the past decade, with states in tornado alley experiencing the highest jumps by an average of over $500. And private companies are taking advantage of the price increases: the number of private flood insurers has more than doubled since 2016, and they’ve taken in an additional half a billion in premiums since the prior year.
 
It’s time to hold insurance companies accountable for the risk they’re spreading through the financial system — and through vulnerable communities. I’ll work with Congress to make large insurance companies doing business in the U.S. disclose the size of the premiums they’re deriving from coal, oil and gas projects, associated infrastructure, and companies. I’ll investigate insurers who talk out of both sides of their mouth when they deny coverage to policyholders under the guise of too much climate risk, while simultaneously insuring fossil fuel projects. I’ll push the SEC to require insurance companies to show that they have evaluated climate-related risks in their underwriting processes and in their reserves. I will reform the National Flood Insurance Program by making it easier for existing residents to move out of flood-prone properties – both inland and coastal – including a program to buy back those properties from low-income homeowners at market value. And within my first term I will ensure the Federal Emergency Management Agency’s flood maps are fully updated, so that we can raise the standard for new construction through the Federal Flood Risk Management Standard.
 
Personnel is Policy
 
At the World Economic Forum in Davos last month, economic leaders from across the world highlighted the vital need to include climate risks in economic analysis. But Treasury Secretary Steve Mnuchin found himself in a minority of one, arguing that costs were being overestimated when considering the impacts of climate change. Either he’s uninformed or he’s lying: study after study shows that we are drastically underestimating the cost of the climate crisis. 
 
I have often said that personnel is policy. The regulators in charge of protecting the American people need to understand the risk that the climate crisis poses to our entire financial system — and the millions whose livelihoods depend on it. That’s why I will appoint at every level of the system financial regulators committed to holding financial institutions accountable for climate risk. Here’s what that means:  

I will appoint a Treasury Secretary who — unlike Steven Mnuchin — believes in the power of markets to help defeat the climate crisis: because right now, research in both of those fields shows how vital it is that we expose the climate risk. 
 

I’ll appoint financial regulators — including Federal Reserve governors, Commodity Futures Trading Commission commissioners, and leadership of every other agency represented on the Financial Stability Oversight Council — who understand the clear threat climate change poses to our financial system and who implement policy that addresses financial institutions’ exposure to climate risks and hold them accountable to addressing.
 

I’ve already pledged to appoint an SEC chair who will use all existing tools to require robust disclosure of climate-related risks. I’ll also appoint SEC commissioners who will manage the threat climate change poses to the economy by pushing for corporate disclosure of climate risk and a shift of finances away from fossil fuels. 

The size and the scope of the risk that climate poses to our financial system requires immediate action. I’ve committed to transitioning us away from Donald Trump’s climate-denying administration at a speed unmatched by any transition in modern history, so that we can begin tackling the urgent challenges ahead on Day One. As part of that transition, I will announce my choices for Cabinet, including a Treasury Secretary who understands the financial risks of the climate crisis, by December 1, 2020. And I’ll staff all senior and mid-level White House positions, like financial regulators, by Inauguration Day — so that we can begin de-risking our financial system from the moment I’m in office. 
 
Work with international allies
 
One of the next catastrophic global financial crises may well be caused by the growing climate crisis. The 2008 recession proved how financial crises are no longer isolated: their impact echoes across countries. That’s why addressing the financial risks of the climate crisis is an international issue. But the United States isn’t just lagging behind other countries on addressing the climate risk: right now, we’re not even in the same league. 
 
Leaders across the globe recognize the risk that the climate crisis poses to their financial systems: environmental concerns make up the top five long-term global economic risks for leaders surveyed in the World Economic Forum’s Global Risk Report 2020. Manymany other countries have not only recognized the risk but are already taking steps to address it. The President of the European Central Bank has called for climate change to be an “essential part of monetary policymaking,” and the Bank of England has introduced stress tests to assess the UK financial system’s exposure to climate-linked financial risks. Meanwhile, Donald Trump and his fossil fuel cronies are letting the U.S. fall behind, putting the financial well-being of millions of Americans at risk. 
 
A Warren Administration will work with international allies to build a more resilient financial and environmental future for our planet. And I’ll use every tool in the box to build that world. As President I’ll advocate for the Federal Reserve to join the global coalition of central banks known as the Network on Greening the Financial System. As we transition to a 100% clean energy economy, the United States should be a leader on the global stage, and having a seat at the table is the first step. As part of my New Approach to Trade, I will require implementation of the Paris Climate accord and the elimination of fossil fuel subsidies as preconditions for any trade agreement. My Green Marshall Plan will dedicate $100 billion to helping other countries purchase and deploy American-made clean energy technology that is manufactured right here at home. And we should end all American support for international oil and gas projects through the Export-Import Bank and the Overseas Private Investment Corporation. We should also commit to using America’s voting power in the World Bank and other global financial institutions to cut off investment in fossil fuel projects and to direct that investment into clean energy projects instead. Our efforts should be dedicated to accelerating the global transition to clean energy.

Sanders to Trump on Coronavirus: Stop Playing Politics With Our Health and National Security

“Concern about the coronavirus continues to grow, yet the Trump administration’s response has been inadequate, misleading, and dangerous,” declared Senator Bernie Sanders after Trump appointed Mike Pence to lead the administration’s response to the pandemic. © Karen Rubin/news-photos-features.com

COLUMBIA, S.C. – Sen. Bernie Sanders on Thursday issued the following statement on the Trump administration’s response to coronavirus: 

“Concern about the coronavirus continues to grow, yet the Trump administration’s response has been inadequate, misleading, and dangerous. By picking Vice President Mike Pence to lead the administration’s response to the pandemic, Trump has not only chosen someone completely unqualified, but the president has made clear that he’s more concerned about his own politics than the health and safety of the country.

“In my view, the Trump administration must take immediate action. First, they must replace Mike Pence with an expert on pandemics and disaster response. Second, the Trump administration must stop releasing misleading, unscientific, and false information about whether the coronavirus is controlled or when it will be controlled. Third, they must immediately staff their response team with experts and scientists to help us address a pandemic based on facts – Steve Mnuchin and Larry Kudlow are political cronies, not scientists. In addition, Trump must sign the full $8.5 billion in coronavirus response funding proposed by Sen. Chuck Schumer.

“We need a president who does not play politics with our health and national security. Besides passing Medicare for All so everyone can see a doctor or get a vaccine for free, my administration will greatly expand funding for the Center for Disease Control and National Institute of Health, work with the international community, including with the World Health Organization, and invest in research and technology to make vaccines available quickly,” Sanders stated.

Democratic Race for 2020: Sanders Answers the Burning Question: How Would He Pay for his Progressive Agenda?

One of the most severe criticisms of Senator Bernie Sanders’ candidacy is the price tag of his progressive programs including Medicare for All, College for All, universal child care and pre-K, and Green New Deal and how these programs would be paid for. In the Charleston, SC debate (number 10 for anyone who is counting), Senator Amy Klobuchar charged that his plans, collectively, would cost $60 trillion, or three times the entire US economy. Now, just ahead of the South Carolina and Super Tuesday primaries, Sanders has released his plan to pay for his major policy proposals, which he handed to Chris Cuomo during a CNN town hall on February 24:

Senator Bernie Sanders, running for president, has released his plan to pay for his major policy proposals, including Medicare for All, College for All, universal child care and pre-K, and Green New Deal © Karen Rubin/news-photos-features.com \

College For All

It will cost $2.2 trillion to make public colleges, universities and trade schools tuition free and to cancel all student debt over the next decade.  It is fully paid for by a modest tax on Wall Street speculation that will raise an estimated $2.4 trillion over ten years.

https://berniesanders.com/issues/free-college-cancel-debt/

Expanding Social Security

Bernie’s bill to expand Social Security will increase benefits for low-income senior citizens and people with disabilities by more than $1,300 a year.  It is fully paid for by making the wealthiest 1.8% of Americans – those with incomes over $250,000 a year – pay the same rate into Social Security as working families.

This bill will also extend the solvency of Social Security into the year 2070 – ensuring that Social Security can pay every benefit owed to every eligible American for the next 50 years.

https://berniesanders.com/issues/expand-social-security/


Housing for All

Bernie’s proposal to guarantee housing as a human right and to eliminate homelessness will cost $2.5 trillion over the next decade.

It is fully paid for by a wealth tax on the top one-tenth of one percent – those who have a net worth of at least $32 million.  (Bernie’s wealth tax will raise a total of $4.35 trillion.)

https://berniesanders.com/issues/housing-all/

https://berniesanders.com/issues/tax-extreme-wealth/
 

Universal Childcare/Pre-K

Bernie’s proposal to guarantee universal childcare and pre-school to every family in America who needs it will cost $1.5 trillion.

It is fully paid for by a wealth tax on the top one-tenth of one percent – those who have a net worth of at least $32 million.  (Bernie’s wealth tax will raise a total of $4.35 trillion.)

https://berniesanders.com/issues/tax-extreme-wealth/

Eliminating Medical Debt

Bernie has introduced a proposal to eliminate all of the $81 billion in past due medical debt held by 79 million Americans.  It is fully paid for by establishing an income inequality tax on large corporations that pay CEOs at least 50 times more than average workers.  

https://berniesanders.com/issues/tax-extreme-wealth/

Green New Deal

The $16.3 trillion climate change proposal that Bernie has introduced will fundamentally transform our energy system away from fossil fuel and towards energy efficiency and renewable energy.  It will also create 20 million good-paying union jobs in the process.

It is fully paid for by:

– Raising $3.085 trillion by making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.

– Generating $6.4 trillion in revenue from the wholesale of energy produced by the regional Power Marketing Administrations.  This revenue will be collected from 2023-2035, and after 2035 electricity will be virtually free, aside from operations and maintenance costs.

–  Reducing defense spending by $1.215 trillion by scaling back military operations on protecting the global oil supply.

–  Collecting $2.3 trillion in new income tax revenue from the 20 million new jobs created by the plan.

– Saving $1.31 trillion by reduced the need for federal and state safety net spending due to the creation of millions of good-paying, unionized jobs.

–  Raising $2 trillion in revenue by making large corporations pay their fair share of taxes.

Key Points:

By averting climate catastrophe we will save: $2.9 trillion over 10 years, $21 trillion over 30 years and $70.4 trillion over 80 years. 
 

If we do not act, the U.S. will lose $34.5 trillion by the end of the century in economic productivity.

https://berniesanders.com/issues/tax-extreme-wealth/

Medicare for All

According to a February 15, 2020 study by epidemiologists at Yale University, the Medicare for All bill that Bernie wrote would save over $450 billion in health care costs and prevent 68,000 unnecessary deaths – each and every year.

Since 2016, Bernie has proposed a menu of financing options that would more than pay for the Medicare for All legislation he has introduced according to the Yale study.

These options include:

Creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four.

In 2018, the typical working family paid an average of $6,015 in premiums to private health insurance companies.  Under this option, a typical family of four earning $60,000, would pay a 4 percent income-based premium to fund Medicare for All on income above $29,000 – just $1,240 a year – saving that family $4,775 a year.  Families of four making less than $29,000 a year would not pay this premium.

(Revenue raised: About $4 trillion over 10-years.)
 

Imposing a 7.5 percent income-based premium paid by employers, exempting the first $1 million in payroll to protect small businesses.

In 2018, employers paid an average of $14,561 in private health insurance premiums for a worker with a family of four.  Under this option, employers would pay a 7.5 percent payroll tax to help finance Medicare for All – just $4,500 – a savings of more than $10,000 a year.

(Revenue raised: Over $5.2 trillion over 10-years.)
 

Eliminating health tax expenditures, which would no longer be needed under Medicare for All.
 
(Revenue raised: About $3 trillion over 10-years.) 
 

Raising the top marginal income tax rate to 52% on income over $10 million.

(Revenue raised: About $700 billion over 10-years.)
 

Replacing the cap on the state and local tax deduction with an overall dollar cap of $50,000 for a married couple on all itemized deductions. 

(Revenue raised: About $400 billion over 10-years.)
 

Taxing capital gains at the same rates as income from wages and cracking down on gaming through derivatives, like-kind exchanges, and the zero tax rate on capital gains passed on through bequests.

(Revenue raised: About $2.5 trillion over 10-years.)
 

Enacting the For the 99.8% Act, which returns the estate tax exemption to the 2009 level of $3.5 million, closes egregious loopholes, and increases rates progressively including by adding a top tax rate of 77% on estate values in excess of $1 billion.

(Revenue raised: $336 billion over 10-years.)
 

Enacting corporate tax reform including restoring the top federal corporate income tax rate to 35 percent.

(Revenue raised: $3 trillion of which $1 trillion would be used to help finance Medicare for All and $2 trillion would be used for the Green New Deal.)
 

Using $350 billion of the amount raised from the tax on extreme wealth to help finance Medicare for All.

​​​ 

Democratic Race for 2020: Mayor Pete Buttigieg Releases ‘Building for 21st Century’ Infrastructure Plan

Mayor Pete Buttigieg released his “Building for the 21st Century” comprehensive infrastructure plan. © Karen Rubin/news-photos-features.com

The vigorous contest of Democrats seeking the 2020 presidential nomination has produced excellent policy proposals to address major issue. It is estimated that the United States requires some $2 trillion in infrastructure investment just to keep bridges from falling down, make necessary improvements to water systems, electric systems, not to mention transition to sustainable systems that both mitigate against climate change and take the necessary steps to get to net-zero carbon emissions to stop the march to global warming. Mayor Pete Buttigieg released his “Building for the 21st Century” comprehensive infrastructure plan. It does not use the word “climate”; it refers to “sustainable” once. This is from the Buttigieg campaign:

Pete Buttigieg released “Building for the 21st Century,” a bold, comprehensive infrastructure plan that will create more economic opportunities for individuals and communities. His plan will create 6 million well-paying jobs, ensure that everyone has access to clean drinking water and affordable ways to get to work and empower local communities to lead on infrastructure development so that they can support safe, vibrant, growing neighborhoods.

“The current administration has been incapable of keeping its promise to pass major infrastructure legislation, and as a result, critical projects around the country are stalled and communities are paying the price,” said Buttigieg. “Cities and towns have been leading the way on new infrastructure partnerships and approaches, but too often the federal government does not help as it should—failing to fund and prioritize infrastructure and relying on outdated standards. Under my administration, local governments will finally have a partner in Washington. As a former mayor, I know that priority-based budgets made locally are better than budget-based priorities set in Washington.” 

Pete’s administration will invest over $1 trillion to work with states, cities, and other local governments to build the sustainable infrastructure of the 21st century. Pete’s plan will:

Create six million well-paying jobs with strong labor protections, especially in underrepresented communities. 

Commit $10 billion to attract and train a skilled infrastructure workforce, including by supporting pre-apprenticeship programs that collaborate with Registered Apprenticeships. 

Protect millions of families from lead in paint and water through a $100 billion investment in a Lead-Safe Communities Fund. The Fund will provide resources for communities to clean up and remove lead in paint, soil, and water. Pete administration’s will also replace 3 million lead service lines by 2030 and support best-in-class corrosion control practices. 

Lower water bills for over 10 million families. Pete will work with Congress to create a $16 billion Drinking Water Assistance Matching Fund that coordinates with the Low-Income Home Energy Assistance Program. The Fund will provide a federal funding match for states and local water systems that assist low-income families with water bill payments, slashing the average water bill by 50 percent – which is equal to over $600 on average – for 10 million families. 

Invest $160 billion to support cities and towns in providing equitable public transportation, including improved options for subway, light rail, bus rapid transit, and last mile service. Pete will provide dedicated funding for communities that have limited access to basic services like grocery stores to expand their transportation options. He will also dramatically expand funding for rural public transportation.

Cut the backlog of critical road repairs in half over 10 years. Pete will make sure that 50% of our roads in poor condition and structurally deficient bridges get fixed within 10 years. His DOT will require states to develop achievable plans for maintaining their roads and make progress on these plans before they use federal funds for new roads or expansions. 

Repair school infrastructure. Investing in K-12 education means investing in our schools, so students can learn in a safe and healthy environment. Pete will invest $80 billion in a new school repair program, in which states allocate grants and loans to school districts based on poverty levels. He will provide dedicated funding to help meet U.S. trust and treaty obligations to repair the Bureau of Indian Education schools. 

Mitigate past injustices in transportation planning. Since the 1950s, highway expansion projects have split apart Black and Latino neighborhoods nationwide and driven up pollution in these communities. Pete’s DOT will work with local stakeholders and nonprofits to create a list of communities that require additional investment to mitigate harms from past highway projects. He will encourage cities to use federal highway funds to revitalize and reconnect communities through innovative projects, including new underpass designs, highway caps, and turning underutilized bridges into complete urban streets.   

Pete’s agenda will build a new era of economic success that truly uplifts America’s working and middle-class families. Read the full agenda HERE