THREAD: For today’s Wednesday Deep Dive, we’re breaking down President Biden’s Made in America Tax Plan. The plan will help ensure corporations pay their fair share in taxes and encourage job creation at home.
The 2017 tax law made an unfair system worse. A recent study found that 55 Fortune 500 companies paid $0 in federal corporate taxes on U.S. income in 2020.

The Made in America Tax Plan will reform the way the tax code treats the largest corporations.
The President’s tax plan will ensure that corporations pay their fair share by increasing the corporate tax rate to 28% – a lower tax rate than at any point since World War II other than the years after 2017.

This will fund investments to create good-paying, union jobs.
Right now, the tax code rewards U.S. multinational corporations shifting profits and jobs overseas with tax exemptions and discounts.
The Made in America Tax Plan will end the race to the bottom on corporate taxation and encourage job creation in the U.S. It will adopt a strong minimum tax on U.S. corporations and push other countries to do so, deny deductions for offshoring, and give a credit for onshoring.
The current tax code includes billions of dollars in subsidies, loopholes, and special foreign tax credits for the fossil fuel industry.

President Biden's tax plan will eliminate these special preferences and make sure polluting industries pay for environmental clean up.
Through the measures above, and an increase in IRS enforcement, the Made in America Tax Plan will make it much harder for the largest corporations to avoid or evade paying their fair share in taxes.

Read more about the President's tax plan here:….

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More from @WhiteHouse

2 Jun
Yesterday, the President visited Tulsa, Oklahoma, to remember the Tulsa Massacre and recommit to building an economy that works for every American.

Today, we're doing a deep-dive into how the American Jobs Plan prioritizes addressing long-standing racial injustice.
The American Jobs Plan will expand job opportunities for communities of color by investing in equitable workforce development and job training, helping Black and Brown-owned small businesses access capital, and delivering high-speed broadband to all Americans.
People of color and low-income workers are more likely to live in areas burdened by pollution or vulnerable to climate change-related weather events. The American Jobs Plan will target 40% of the benefits of its climate and infrastructure investments to underserved communities.
Read 7 tweets
2 Jun
Nearly 170 million Americans have stepped up and rolled up their sleeves to get a shot. 52% of adults are now fully vaccinated – including 75% of all seniors.
Today we are announcing a month-long effort to pull out all the stops to get 70% of adult Americans vaccinated.
Starting next week, many vaccination sites – will be offering extended hours during the month of June – including pharmacies that will be open 24 hours every Friday night this month.
For parents who haven’t been able to get the shot because they didn’t have child care. Starting today, KinderCare, Learning Care Group, and Bright Horizons – alongside hundreds of YMCA locations – will offer free, drop-in child care while parents are getting vaccinated.
Read 4 tweets
28 May
Today, the President released a budget that details his plan to reimagine and rebuild a new economy that invests in the promise and potential of every single American and positions the United States to out-compete our rivals.

THREAD 1/10 -- Here's what the budget includes:
President Biden's proposal includes the two historic plans he has already put forward — the American Jobs Plan and the American Families Plan. Both plans will help us seize this moment to reimagine and rebuild a new American economy that invests in every single American.

Through the American Jobs Plan, we can:
- Fix highways and bridges
- Upgrade ports, airports, and transit systems
- Deliver clean drinking water, a renewed electric grid, and high-speed broadband to all Americans
- Modernize schools and child care facilities

Read 10 tweets
16 May
During this Mental Health Awareness Month and all year round, the Biden-Harris Administration is focused on building an improved, expanded system of care for the mental health needs of adults and children.

Here’s a look at what we’re doing:
President Biden’s American Rescue Plan delivered $3 billion for substance use and mental health care block grants. These funds ensure that states provide pathways to prevention, intervention, treatment, and recovery services — especially for underserved communities.
The American Rescue Plan also included $420 million in funding to support Certified Community Behavioral Health Clinics to expand access to high-quality, evidence-based behavioral health services.
Read 6 tweets
11 May
The President’s American Jobs Plan is a once-in-a-generation investment by our federal government – but its impacts will be felt locally, in the hometowns of Americans across the country.

Here are just some of the ways the American Jobs Plan will be felt at home:
Read 12 tweets
8 Apr
Caregiving is infrastructure — and even before COVID-19, we were in the midst of a caregiving crisis. Hundreds of thousands of people who need better care can't access it, and one in six essential care workers lives in poverty.

Here’s how the American Jobs Plan will change that:
The American Jobs Plan will invest $400 billion to expand access to quality, affordable home- or community-based care for seniors and people with disabilities — helping hundreds of thousands of Americans obtain the long-term services and support they need.
It will also solidify the infrastructure of our care economy by creating new jobs and offering caregiving workers a long-overdue raise, stronger benefits, and the ability to collectively bargain.
Read 4 tweets

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