tv Pres. Biden Delivers Remarks CSPAN October 28, 2021 11:43am-12:08pm EDT
allies around the world. host: what are your -- where do your conservative values come from? guest: they are very much aligned with the people i represent. when you look at the agrarian mindset, i think this is probably true -- president biden: good morning. today i'm pleased to announce that after months of tough and thoughtful negotiations i think we have an historic -- i know we have an historic framework. it's a framework that will create millions of jobs, crow the -- grow the mi, invest in our nation and our people. from the climate cry crisis into an opportunity and puts on the path not overwhelm to compete but win the economic competition for the 21st century against china and every other major
country in the world. it's fiscally responsible. it's fully paid for. 17 nobel prize winners in economics have said it will lower the inflationary pressures on the economy. over the next 10 years, it will not add to the deficit at all. it will actually reduce the deficit, according to the economists. i want to thank my colleagues in the congress for their leadership. we spent hours and hours and hours over months and months working on this. no one got everything they wanted, including me. but that's what compromise is. that's consensus. and that's what i ran on. i have long said compromise and consensus are the only way to get big things done in a democracy. important things done for the country. i know it's hard. i know how deeply people feel about the things that they fight for. but this framework includes historic investments in our nation and in our people.
any single element of this framework would fundamentally be viewed as a fundamental change in america. taken together, they are truly consequential. i'll have more to say after i return from the critical meetings in europe this week, but for now let me lay out a few points. first, we face, and i apologize for saying this again, we face an inflexion point as a nation. for most of the 20th century we led the world by a significant margin because we invested in our people. not only are our roads and highways and bridges, but in our people. and our families. we didn't just build an interstate highway system, we built a highway to the sky. we invested to win the space race and we won. we are also among the first to provide access to free education. for all americans. beginning back in the late 1800's. that decision alone to invest in our children and families was a
major part of why we are able to lead the world for much of the 20th century. but somewhere along the way we stopped investing in ourselves, investing in our people. america's still the largest economy in the world. we still have the most productive workers and most innovative minds in the world. where we risk losing our edge as a nation. our infrastructure used to be rated the best in the world. today according to the world economic forum, we rank 13th in the world. we used to lead the world in educational achievement. now the organization for economic cooperation and development ranks america 35th out of the 37 major countries when it comes to investing in early childhood education and care. we know how our children start impacts significantly on how they'll finish. we can't be competitive in the 21st century global economy if
we continue this slide. that's why i have said all along, we need to build america from the bottom up and middle out. not from the top down. with the trickle-down economics that's always fade us. i can't think of a single time when the middle class has done well that the wealthy haven't done very well. again many times including now when the wealthy and super wealthy do very well, and the middle class don't do well. that's why i proposed the investments congress is now considering. in two critical pieces of legislation. positions i ran on as president, positions i announced when i laid out in a joint session of congress what my economic agenda was. these are not about left versus right. or moderate versus progressive. or anything else that pits americans against one another. this is about competitiveness versus complacency. competitiveness versus complacency. it's about expanding opportunity not opportunity denied.
it's about leading the world, or letting the world pass us by. today with my democratic colleagues we have a framework for my build back better initiative. and here's how it will fundamentally change the lives of millions of people for the better. many of you are in the so-called sandwich generation. who feel financially squeezed by raising a child and caring for an aging parent. about 820,000 seniors in america, and people with disabilities have applied for medicaid and they are on the waiting list right now to get home care. they need some help. they are not to be kicked out of their homes. but they need a little help getting around, having meals made occasionally for them. they don't want to be put in the nursing homes not because of the cost, but because it's a matter of dignity. they want to stay in their
homes. but it's hard. you are just looking for an answer. so your parents can keep living independently with dignity. for millions of families in america, this, this issue is the most important issue they are facing. it's personal. here's what we are going to do. we are going to expand services for seniors. so families can get help from well trained, well paid professionals to help them take care of their parents at home. to cook meals for them. to get their groceries for them. to help them get around. to help them live in their own home with the dignity they deserve to be afforded. quite frankly, what we found is that this is more popular or as popular as anything else we are proposing. the american people understand the need, it's matter of dignity and pride for our parents. 30 years ago we were ranked
among seven in the advanced economies in the world as a share of women working. you know what we are today? we rank 23. 23rd. seven to 23. once again our competitors are investing and we are standing still. today there are nearly two million women in america. not working today simply because they can't afford childcare. typical family spends about $11,000 on childcare. some states it's $14,500 a year per child. er would -- we are going to make sure all families earning less than $300,000 a year will pay no more than 7% of their income for childcare. for a family making $100,000 a year, that will save them more than $5,000 in childcare. this is a fundamental game changer for families. and for our economy. as more parents, especially
women, can get back to work and work in the work force. i'm looking at a lot of significant press people in front of me. a lot of them are working, working mothers. they know what it costs. i remember when i got to the senate i lost my wife and daughter in an accident. my two boys. i started commuting 250 miles a day because hi my mom and my dad and my brother and my sister to help me take care of my kids because i couldn't afford childcare. i was getting a serious salary, $42,000 a year. we have also extended historic middle class tax cut, that's what i call it. middle class tax cut for parents. that is the expanded child tax credit we passed for the american rescue plan. what that means is for folks at home they are getting $300 a month for every child under the age of 6. $250 for every child under the age of 18. we are expending -- extending that for another. the money is is already a life
changer for so many working families. this will help cut child poverty in half this year according to the experts. that's not all it does. it changes the whole dynamic for working parents. in the past if you paid taxes and had a good income, you could deduct under the tax code, $2,000 per child. from the taxes you owed. but how many families do you know, cashier, waiters, health care workers who never got the benefit of the full tax credit because they didn't have that much to deduct? and it wasn't refundable. so it either came off your tax bill or you didn't get full credit. why shouldn't somebody making $500,000 a year or $150,000 or $200,000 a year get to write it off their taxes? and the people who need the help even more, they are don't have that much tax to pay, they don't get the benefit. they have the same cost of
raising their children. 80% of those left out were working parents who just didn't make enough money. that's why in the american rescue plan we didn't just expand the amount of the middle class tax cut, we also made it refundable. this framework will make it permanently refundable. making sure the families who need it get a full credit for it in addition to those who are already getting full credit. we are going to make sure that every 3 and 4-year-old child in america will go to high quality preschool. that's part of the legislation i just brought to the congress. studies show that when we put 3 and 4-year-olds in school, school, not daycare, school, we increase by up to 47% the chance that that child, no matter what their background, will be able to earn a college degree. as my wife jill in the back here always says, any country that
outeducates us will outcompete us. we can finally take us from 12 years to 14 years of universal education in america. we also make investments in higher education. by increasing pell grants to help students from lower income families attend community college and four year schools. we invest in historically packed universities, colleges and universities, hbcu's, minority serving institution, and tribal colleges to make sure every young student has a shot at a good-paying job in the future. this framework extends tax credits to lower premiums for folks who are in the affordable care act for another three years. for -- from four million folks in the 12 states that haven't expanded medicaid, all the rest have, this framework will enable you to get affordable coverage. and medicare will now cover the cost of hearing aids and hearing
checkups. this framework also makes the most significant investment to deal with the climate crisis ever, ever happened. beyond any other advanced nation in the world. over $1 billion metric -- one billion metric tons of emission reductions, 10 times bigger on climate than any bill that has ever passed before and enough to position us for a 50 to 52% emission reduction by the year 2030. we'll do it in a way that grows the domestic industries, create good-paying union jobs, address long-standing environmental injustice as well. tax considered asread to the help people do things like weatherize their homes so they use less energy. install solar panels, develop clean energy products. help business produce more clean energy. when paired with the bipartisan infrastructure bill, we will truly transform this nation. historic investments in passenger rail.
i know everybody says biden's a rail guy. that's true. but passenger rail and freight rail and public transit is going to make hundreds of thousands -- take hundreds of thousands of people off the road saving millions of dollars of oil. all the studies show if you can get from point a to point b on electric rail, you won't drive your car. you'll take the rail service. we also learned that in most major cities in america, minority populations, jobs they used to have in town are now out of town. roughly 60% of the folks they don't have vehicles. they need to have a means to get out of town. to their jobs. to be on time. that's what -- this will do that like it did for detroit. 95% of the 840,000 school buses in america run on diesel. every day more than 25 million children and thousands of bus
drivers breath polluted air on their way to and from school from the diesel exhaust. we are going to replace thousands of these with electric school buses that have big batteries underneath and that are good for the climate. i went down to one of the manufacturing facilities, saw them, got in one, drive them. they do not expend any -- they do not expend any pollution in the air. we'll build out the first ever national network of 500,000 electric vehicle charges stations all across the country. when you buy an electric vehicles and you get credit for buying t you buy a electric vehicle, you go all the way across america on a single tank of gas, figuratively speaking. it's not gas. you plug it in. 500,000 of them. these taitions along the way. these stations along the way. we'll get off the sidelines on manufacturing solar panels and wind farms. electric vehicles. with targeted manufacturing
credits. you manufacture, you get a credit for doing it. these will help grow the supply chains in communities too often left behind. we are going to reward countries for paying good wages for -- companies for good wages and for sourcing the materials from here in the united states. that means tens of mstles panels and turbines, doubling the number of electric vehicles we have in the road within just three years. we'll be able to sell and export these products and technologies to the rest of the world and create thousands more jobs because we are once again going to be the innovators. we'll also make historic investments in environmental cleanup and remediation. that means putting people to work in good-paying jobs at prevailing wage. capping hundreds of thousands -- hundreds of thousands abandoned wells and gas wells, oil and gas wells that need to be capped because they are leaking things
that hurt the air. putting the stop to the methane leaks. in the pipelines. protecting the health of our communities. it's a big deal. and we'll build up our resilience for the next super storm drought, wildfires, and hurricanes that represent a blinking code red for america and the world. last year alone, these types of extreme weather events have all been covering and you all witnessed and some of you have been caught in the middle of have caused $99 billion in damage to the united states within the last year. $99 billion. we are we're not spending any money to deal with this? it's costing us significantly. i met -- in pittsburgh i met an electrical worker who climbs up on the power lines in the middle
of a storm to put in transformers to try to keep lights lit. he's 100% union worker. he says, i don't want my kids growing up in a world where the threat of climate change hangs over their head. folks, we all have that only tbaition to our children and grandchildren. the bipartisan infrastructure bill is also the most significant investment since we built the internet highway system and won the space race decades ago. this is about rebuilding the arteries of our economy. across the country now, there are 45,000 bridges and 173 miles in poor condition. some of the bridges you don't even take a chance of going across, they're shut down. they can't be built back to the same standard because the weather isn't going to get a lot
better, we have to keep it from getting a lot worse. we have to build back better and stronger. no one wants to hold their breath as they go across a run down bridge in their hometown. we're going to bring our infrastructure up to speed. good union jobs. prevailing wage. jobs you can raise a family on. like my dad would say, have a little breathing room. jobs that condition be outsourced. jobs replacing lead water pipes so families can drink clean water, improving the health of our children and putting plumbers and pipe fitters to work. jobs laying thousands of miles of transmission lines to build a modern energy grid. jobs making high speed internet available everywhere in rural and urban america, particularly including the 35% of rural america that goes without it right now. this pandemic has made clear the need for affordable and available high speed internet.
the idea of a parent having to put their kids in the car for virtual learn, drive and sit in a mcdonald's parking lot so the child can access the internet while school is taught virtually is not only unnecessary, it's just wrong. it's wrong. as i said before, these plans are fiscally responsible. they are fully paid for. they don't add a single penny to the deficit. they don't raise taxes on anyone making less than $400,000 a year. in fact, they reduce the deficit. here's how. i don't want to punish anyone's success, i'm a capitalist. i want everyone to be able to, if they want to be a millionaire or billionaire, to see a clear goal. but all i'm asking is pay your fair share. pay your fair share. pay your fair share. and right now, many of them are
paying virtually nothing. last year, the 55 most profitable corporations in america, 55 of them, paid zero, zero in federal income tax. on about $40 billion in profit. nay report big profits to their shareholders, they should be paying taxes. it's that simple. that's why the build back better framework will have a 15% minimum on the largest corporations. minimum tax of 15%. the top 1% of the wealthiest americans evade, it's estimated by experts, $160 billion in federal taxes. that's wrong. we're going to change that. i want to emphasize what i said in the beginning. if you earn less than $400,000
you won't pay a penny more in taxes. this continues to cut taxes for the middle class. for much too long working people of this nation and the middle class of this country have been dealt out of the american deal. it's time to deal them back in. i ran for president saying it was time to reduce the burden on the middle class. to rebuild the back bob of this nation, working people and the middle class. couldn't have been any clearer from the moment i announced my candidacy. that's why i wrote the bills in the first place and took them to the people. i campaigned on them. and the american people spoke. this agenda, the agenda that's in these bills, is what 81 million americans voted for. more people voted than any time in american history. that's what they voted for. their voices deserve to be
heard, not denied or worse, ignored. here's what i know. we make these investments, there'll be no stopping the american people or america. we will own the future. i've long said it's never been a good bet to bet against the american people. i've said that to foreign leaders as well as everyone here in this country. which mean it's always a good bet to bet for the american people, just give them half a chance. that's what we are doing. that's what these plans do. they're about betting on america. about believing in america. about believing in the capacity of the american people. if you look at the history of the journey of this nation, what becomes crystal clear is this. say it again. given half a chance, the american people have never, ever, ever let the country down. so let's get this done. god bless you all, may god
protect our troops and i'll see you in italy and scotland. reporter: mr. president are you relying on -- [multiple voices at once] >> we're likely to hear more on the president's latest budget plan when the house returns later today. members are expected to take up legislation on workplace discrimination against older americans and a vote is possible on the $1.2 trillion infrastructure bill that passed the senate? august. the president today outlining a famework for a $1.75 billion budget plan scaled back from the original $3 . 5 billion. house republican leader mccarthy briefing reporters at 1:30,
we'll have that live as long as the house has not come back in. speaker pelosi will also brief reporters at 2:00 p.m. and again we'll have that for you pending the house schedule. >> broadband is as for for empowerment, that's why charter has informed billion, building infrastructure, upgrading technology, powering tun in communities big and small. charter is connecting us. >> charter communications supports c-span as a public service. along with these other television providers. giving you a front row seat to democracy. >> deputy secretary of state brian mckeon testified before the foreign relations committee about the missions and policy, answered questions about the u.s. withdrawal from afghanistan, china, and diversity at the state department.