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World Fever in the American Senate to adopt the Biden Investment Plans before COP26

23:20  27 october  2021
23:20  27 october  2021 Source:   lepoint.fr

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  Fièvre au Sénat américain pour adopter les plans d'investissements de Biden avant la COP26 © AFP

The American Democrats played tight Wednesday in Congress: they want to find an agreement on the investment plans of Joe Biden His departure for the G20 and COP26 in Europe , and therefore have less than 24 hours to get along.

The US President hopes to be able to present to his international partners the image of the

United States engaged in the energy transition, growth, but also the fight against social inequalities and tax evasion.

It is therefore a race against the watch that is engaged at Congress to try to unite all the fringes of the Democratic Party and take an agreement, before Joe Biden flies on Thursday for Rome (

Italy ) then Glasgow ( Scotland).

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"We are very close" of an agreement, assured Wednesday the spokesman for the White House, Jen Psaki, greeting a "broad agreement at Congress among the Democrats".

She wanted reassuring about the possibility of succeeding before the presidential plane takes over Europe: "It is only 13h30".

Democrats are planning two programs for 8 to 10 years: one is investment of $ 1,200 billion to modernize infrastructure; The other carries social and environmental measures and its amount, strongly planed since the initial proposal, should be about 1,500 billion.

It would, however, be the "biggest investment in the history of the fight against the climate crisis by the United States," pleaded Jen Psaki.

"An agreement is at hand and we hope to arrive at the framework of an agreement by the end of the day," said the Democrat leader of the Senate a little earlier, Chuck Schumer.

"Some richer"

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The financing of plans is the subject of heated debate within the Democratic Party, and the outlines of a tax on super-rich have been presented on Wednesday.

"The billionaire income tax would apply to about 700 taxpayers and would raise hundreds of billions of dollars", according to this new proposal by Senator Democrat Ron Wyden, head of the US Senate Finance Commission. .

This would ensure that "the richest people in the country pay their fair share to (finance) historical investments for childcare, paid holidays and the fight against the climate crisis", is it specified.

The big novelty is to impose the latent capital gains, these dormant gains in the thick actions portfolios of the great American fortunes.

The precise text as well as "only taxpayers with more than $ 100 million in annual income or more than $ 1 billion in assets over three consecutive years would be covered by the proposal".

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According to American media, the tax rate selected would be 23.8%.

today, a rich shareholder like Elon Musk, Tesla's boss, or Jeff Bezos, the founder of Amazon, does not pay taxes on these unrealized gains on the pretext that these gains do not exist so much They are not really cashed.

The "few richest" can escape tax by holding these assets indefinitely, which allow them to borrow and finance their lifestyle.

senators centrists

The question is now whether this text will find thanks to the eyes of the centrist Democratic Senators Joe Manchin and Kyrsten Sinema, whose role is crucial, the Democratic majority being so tenuous that the party must get all the voices without exception.

Joe Manchin seemed reluctant: "I do not like the connotation that we target different people (...) who contribute to society and create a lot of jobs".

He explained to journalists that the Democrats were "absolutely" being able to obtain the framework of an agreement by the end of the day, reports the political information site The Hill.

Kyrsten Sinema, opposed to tax increases, has not yet said whether it intends to support this method of financing. On the other hand, Tuesday, pronounced for the minimum tax of 15% on multinationals.

She explained to see "A common sense step to ensure that companies very profitable (...) pay a reasonable minimum tax on their profits".

This minimum tax, which should concern some 200 companies in particular from the tech sector, has returned to the front of the stage, after the presentation of a text on Tuesday by several senators.

27/10/2021 21:15:05 - Washington (AFP) - © 2021 AFP

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usr: 0
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